#import-export data

Accurate and up-to-date import export data have the power to turn the world of global trade into an endless stream of business opportunities. By analyzing market trends and trade flows along with global demand patterns, companies are indeed in a position to take the smartest decisions based on solid data. It is a very powerful outlet through which one can access verified global trade information. The business can even take its chances to grow and expand along the new paths revealed by such a platform.

The chance to spot possible buyers and suppliers globally is one of the big advantages it brings. Companies can study trade data by off and then find the top importers and exporters while at the same time introducing new areas for their products to be sold. It is precisely these kinds of insights that help businesses target the right audience, while the marketing costs are kept at a minimum, and the conversion rates are boosted.

Another opportunity area is the turf of competitive market analysis. Businesses can carry out a thorough scrutiny of the shipment-level data to know the comings and goings of the competitors, the pricing of the products, as well as the volumes of import and export. All these inputs are so important for devising the right moves, making the supply chain better, and winning the battle in the marketplace.

By properly diagnosing trade statistics and trends, a company can tell which products have the highest demand in a particular country and use such information to plan its entry strategy. Besides, it also gives the power to the government, researchers, and analysts to assess trade flow and economic decision-making based on their knowledge of trade performance. also gives the starting points for the global investors and startups who are trying to enter the global trade ecosystem in the form of valuable insights. The usage of exact and clear data will make sure that every business move is driven by facts, thus the risks are reduced and the profits are elevated to the maximum.

Explore the trade of Ayurvedic drugs from India with the latest import-export data. Learn about export growth, top importing countries, HS codes, and government policies driving global demand. This deep dive by Cybex connects market data, quality standards, and regulatory trends to help exporters, researchers, and businesses make informed decisions in the herbal & wellness sector.

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According to the international monetary fund, the economy of the Philippines is the 32nd largest economy by nominal GDP in the world and 12th largest economy in Asia, and the 3rd largest in ASEAN. The Philippines is one of the fastest growing and emerging markets in the world.

Philippines export data reveals that its primary exports include semiconductors, copper, petroleum product, garments, transport equipment, coconut oil, and fruits.

The top trading partners of the Philippines are the United States, China, Japan, Hong Kong, Singapore, and Thailand.

According to Philippines trade data, it exported USD 74.6% billion worth of goods around the world in 2021, which is 18% more than in 2017, and it has been increasing at the rate of 16.8% from 2020 to 2021.

Philippines trade Data activities in 2022

Philippines trade data shows that the country’s total external trade made up to USD 19.13 billion which shows a 16.1% increase in annual growth rate.

Philippines export data

In June the country’s total export sales increased by 1 percent which amounted to USD 6.64 billion.

In the commodity sector, the electronics product was highest as always. It alone made up 53% of total exports. This was followed by minerals products which were 7.3% and other manufactured goods comprised only 5.3%.

The export data shows that there was an increase in personal protective equipment and medical supplies in June 2022, and the increase in the supply of surgical masks at 618.0 percent contributed to rising in the export of personal protective equipment and medical supplies. Meanwhile, the export value of another kind of masks like cloth masks decreased at the rate of -38.2%.

Philippines export data reveals that in June 2022 Unites States was the major trading partner in exporting among the other export partners.

Philippines import data

Total imported goods increased in the Philippines at the annual rate of 26.0 percent, which comprised of USD 12.49 billion.

According to Philippines import data its annual import improves in June due to lubricant, minerals, and fuels-related materials which contributed 125.15. this was followed by iron and steel which increased by 34.3 percent and later telecommunication equipment and electronic machinery which rose by 23.1percent.

Most imported products in the commodity group were electronic products which made up the import value of USD 2.8 billion in June.

In general types of goods, the import of raw minerals and intermediate products contributed the biggest share out of all the imported goods making 37.1 percent which amounts to USD 4.36 billion. This was followed by imports of capital goods (24.9%) and mineral, fuel, lubricant related products (21.2%)

However, the Philippines import data shows that the import of personal protective equipment and medical supply majorly the COVID-19 vaccine declined to USD 17.42 million in June 2022.

The Philippines import data shows that China was the country’s biggest importer. The value amounted to USD 2.55 billion which is 20.4% of the total import value.

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BIRD EYE VIEW OF IMPORT EXPORT DATA OF TURKEY

Turkey is a transcontinental country that is having some of its land area in South-eastern Europe and some of its part in western Asia. As per the import export data of Turkey, it imported goods worth USD 219 billion in the year 2020 which was certainly an increase that was observed when it is compared to the year 2019 by almost 9.2%. Due to this upward trend in global imports, turkey was ranked at position 26 in the year 2020.

The import data collected for Turkey is a collection of each company’s business activities. The import data is purely based on shipping and import bills, invoices, and other important documents.

On the other hand, Turkey was ranked the 30th largest exporter of goods across the world as its total exports in the year 2020 were nearly USD 170 billion which was lesser than the year 219 by 0.9%.

Turkey export data always contains information about names of buyers and sellers, country names, HS codes, product descriptions, price, and quantity.

The population of Turkey was close to 84.2 million in the year 2020. If we calculate the per-person demand for Turkey in the year 2020, as per the import-export data of Turkey, there was a per-person demand of USD 2,600 in this country.

WHAT EXPERTS SAY ABOUT TURKEY IMPORT DATA

As per import stats, which is derived from Import export data of Turkey, the country got to 26th position in 2020 in most imports. Country deals in following items for import purpose from other countries.

Mineral Fuels and Oils (13.1%)

Pearls and Precious Stones (12.1%)

Machinery (11.5%)

Electrical Machinery and equipment (7.8%)

Vehicles (6.9%)

Iron and steel (6.8%)

Plastics (5.3%)

As per Turkey import data, the top 10 goods constituted almost 70% of overall imports. It is also noticed that year over year drop is seen in imports of Mineral fuels to the country.

The major countries with whom turkey is involved in importing goods are China (USD 23bn), Germany (USD 21.7bn), Russia (USD 18 bn), the USA (USD 11.5bn), Italy (USD 9.1bn), South Korea (USD 5.7bn) and UAE (USD 5.6bn).

According to Turkey Import export data, the top 10 import partners of Turkey constitute 54% of overall import trade. European countries are more inclined toward exporting their goods to Turkey. Asian partners just serve one-third of import sales. The remaining 6.1% of imports are derived from North American partners.

SCHOLARS’ VIEW ON TURKEY EXPORT DATA

As per export data, which is derived from Import export data of Turkey, the country got to 30th position in 2020 in most exports around the globe. Country deals in following items for export to the purpose from other countries.

Vehicles (13.0%)

Machinery (9.9%)

Iron and steel (5.2%)

Apparels and clothing (4.9%)

Plastics (4.1%)

Pearls and precious stones (3.9%)

Articles of iron and steel (3.7%)

As per Turkey export data, the top 10 goods constituted almost 57% of overall exports. For a few years now, fruits and nuts were the rapidly growing exporting sector. Turkey’s exports showed a considerable jump as compared to 2019 of almost 15.5%.

The major countries with whom turkey is involved in exporting goods are Germany (USD 15.9bn), the UK (USD 11.2 bn), the USA (USD 10.1bn), Italy (USD 8bn), France (USD 7.2bn), and Russia (USD 4.4bn).

According to Turkey Import export data, the top 10 export partners of Turkey constitute 49% of overall export trade. European countries are more inclined toward importing goods from Turkey. Asian partners contribute just 26% of total exports. The remaining 6.9% of imports are derived from North American partners.

JUICE OF ARTICLE, FRESHLY SERVED BEFORE YOU

We thank you if you are reading this article till this point and got some knowledge about current trends related to import export data of Turkey. Currently, Turkey is a rapidly growing country and is growing at a much faster pace. So, if we believe the numbers, then we can conclude that the exports are in a growing stage, but imports are fluctuating. If this trend continues, then the country will witness a trade surplus in some years and which can be used for the betterment of the country’s infrastructure, economy, and in various other ways.

OUR OPINION

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