TradeImeX

RELATIONSHIP CHECK BETWEEN THE PHILIPPINES AND SINGAPORE Bilateral trade between the two countries started first in the year 1969 and the embassies of both nations were set up in each other’s nations. Singapore is considered one of the most valuable and crucial partners of the Philippines in terms of international trade and both nations are members of APEC and also the founding countries of the ASEAN group. The bilateral trade relations between Singapore and the Philippines have grown several folds from the year they have begun. The strength of various markets has also gone up by several folds in the areas like trade and investment, cultural exchanges, and defense cooperation. The economic cooperation between both nations is just outstanding. The economy of both nations has shot up and is continuing to grow further. You would be surprised to know that as per the Philippines Trade Data for the year 2021, Singapore was the 5th most favorite trading destination of the Philippines. 2 year

  OVERVIEW OF VIETNAM’S ECONOMY AT PRESENT Vietnam is an energetic nation which is situated in the Southeastern piece of Asia with an estimated land area of about 311,680 km2. Vietnam is the sixteenth most populated country on the planet with a complete headcount of very nearly 100 million individuals according to the measurements delivered in the year 2020. Vietnam imparts its regional and geographical limits to China, Laos, and Cambodia. As expressed above, aside from being a lively economy, Vietnam is one of the quickest developing countries on the planet as in the ongoing situation, many enormous organizations and firms are putting resources into Vietnam because of its modest and proficient workforce. The nation is one of the fair individuals from different worldwide gatherings like CPTPP, ASEAN, OIF, APEC, and the World Trade Organization (WTO). Moving towards monetary development and reliance of Vietnam, the nation was generally subject to the farming area with its essent

UNDERSTANDING THE GLOBAL MARKET OF CRUDE OIL AT PRESENT Yes! You heard it right. The most traded product in the world between every country is none other than crude oil, also known as black gold. In simple terms, crude oil is a liquified substance comprising mainly organic compounds and hydrocarbon deposits. This product is majorly used as a fuel as it is easily flammable and combustible in nature. As crude oil is the most popular traded item, a separate market research report is released every year pertaining to all the statistics and insights about the crude oil trade such as its global market, trends, and opportunities. For instance, as per this report, the global market size of crude oil would grow and reach USD 2904.09 billion by the end of 2023 and will compound annually at 5.7%. Due to the war between Russia and Ukraine, this analysis was set to change a bit, and was later updated that by 2027, the crude oil market will touch USD 3481.5 billion with an annual growth of 4.6

  DEMAND FOR COFFEE IN SPAIN Based on various surveys conducted in Spain, it has been observed that people of almost every age group residing in Spain consume coffee. In statistical terms, close to 87% of the total population who falls in the age bracket of 18-64 years consumes coffee and out of them almost 70% of the people drink coffee daily. Coffee is considered the best beverage available in Spain. On average, every individual in Spain consumes 2.2 cups of coffee daily. People prefer to consume coffee at their homes the most (61%), followed by bars and restaurants (26%), and then finally at work (21%). Moreover, at breakfast, almost 76% of the total Spanish people drink coffee and 61% consume it after lunch or in the afternoon. This report was published by one of the renowned cafes in Spain. It has also been observed that as the Spaniards become older, their demand for coffee rises and keeps on rising till they become at least 55 years old. The research mentions that out of a