Tendata Blogs

How to Develop Customers Based on South Korean Customs Data?

China is South Korea's most important trading partner, serving as its largest importer and exporter. The trade industry of South Korea is closely intertwined with China. Even though South Korea's exports to the United States surpassed those to China for the first time in 20 years in December 2023, China remains South Korea's largest trading partner for the entire year. The export value to China accounts for 22.8% of South Korea's total exports, surpassing the second-ranked United States by 6.7 percentage points.

Trade Data

07-02-2024
U.S. Overtakes China as Korea's Largest Export Market for First Time in Two Decades

For the first time since 2003, South Korea's exports of goods to the U.S. exceeded China's in December. Last month, the U.S. imported $11.3 billion worth of goods from South Korea, according to Bloomberg data. Meanwhile, China imported $10.9 billion, according to its trade ministry.

Trade Trends News

07-02-2024
Global Korean Wave Boosts Exports of Korean Sauces to 139 Countries

Exports of Korean red pepper paste and various sauces hit a record high in 2023, driven by the growing global popularity of Korean food and cultural contents. According to the Korea Customs Service, overseas exports of these goods, including the iconic red chili sauce "gochujang," soy sauce and other seasonings, totaled $380.4 million, up 6.2 percent from the previous year.

Trade Trends News

07-02-2024
Russian Export Data - Global Trade Data | Tendata

Russia, also known as the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with an internationally recognized territory of 17,098,246 square kilometers, occupying one-eighth of the Earth's inhabitable land area. Russia spans 11 time zones and shares land borders with 14 countries, more than any other country outside of China. It is the ninth most populous country in the world and the most populous country in Europe, with a population of 146 million.

Market Insights

06-02-2024
Russian Import Data - Global Trade Data | Tendata

Russia, also known as the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with an internationally recognized territory of 17,098,246 square kilometers, occupying one-eighth of the Earth's inhabitable land area. Russia spans 11 time zones and shares land borders with 14 countries, more than any other country outside of China. It is the ninth most populous country in the world and the most populous country in Europe, with a population of 146 million.

Market Insights

06-02-2024
List of Active Malawi Importers | Tendata

Logging into the Tendata system and selecting Tendata iTrader, we can see the latest Malawi Importers for the last year ending December 2023 !

Trade Data

05-02-2024
List of Active Malawi Exporters | Tendata

Logging into the Tendata system and selecting Tendata iTrader, we can see the latest Malawi Exporters for the last year ending December 2023 !

Trade Data

05-02-2024
China Faces Double Blow: Slipping Domestic Demand and First Export Decline in Seven Years

China's economic performance in 2023 is lackluster, with dim prospects ahead. Officially released customs data reveals a year-on-year decline in exports for the first time since 2016, attributed to a slowdown in global demand for Chinese manufactured goods (excluding automobiles). Officials suggest that this downturn is likely to persist in 2024.

Trade Trends News

05-02-2024
How Dependent Is the World on Indian Rice Exports?

Rice is the most consumed food globally, with 500 million tons consumed annually. According to the Food and Agriculture Organization of the United Nations (FAO), global rice prices are at their highest level in 15 years.

Trade Policy

04-02-2024
India Continues to Feed Strategic Partners Despite Ban on Rice Exports

Despite the ban on rice exports, India continues to feed the world, especially its strategic neighbors such as Nepal, Bhutan, Sri Lanka, Maldives, Malaysia, Indonesia, Vietnam and Iran, as well as the wider ASEAN region.

Trade Policy

04-02-2024

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'Target Customer
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