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Here are today's business insights.
Business Insights May 13
✔️ Bangladesh, with a population of 137 million, is located in East Asia and has a positive trade balance of $26 million with Iran.
💸 The country imports products such as synthetic fibers, polyester yarn, plastic fibers, iron, copper wires, zinc, steel, bitumen, various chemical fertilizers, agricultural machinery, motorcycles, machine-made carpets, saffron, red onions, and Infant formula.
💯 When exporting food products to Oman, it should be noted that products containing sugar, such as fruit juices, cakes, and sweets, are subject to import tariffs in this market.
♻️ On the other hand, some products such as fruits and vegetables are imported into this country at very low tariffs.
✅ Akbari and Ahmad Aghaei are two types of pistachios that are exported from Iran to India in vacuum packaging.
💲 In Portugal, tuna can lids in different colors are famous.
- Yellow lids indicate that the canned fish is cooked with sunflower oil.
- Red lids indicate that the canned fish is cooked with tomato paste.
- Blue lids indicate that the canned fish is cooked with water.
🎏 The people of Portugal prefer the yellow-lidded cans in their food pyramid.
📍 Iranian saffron has a high consumption rate in Serbia, and this product is sent through Turkey, with almost all restaurants in Belgrade having Iranian saffron.
📌 An important point to note is that saffron is sent in bulk from Iran and then packaged differently in Turkey before being sent to Serbia. The Serbians themselves do not know that this saffron is from Iran, therefore, paying attention to this matter can open up a new market for Iranian saffron.
☑️ The import tariff in Bangladesh is 14%, reaching up to 25% at maximum.
📍 However, some products, including various textile machinery, are completely exempt from taxes, indicating the government's support for sustaining the textile industry in this country.
📌 The production and import of clothing in different countries are often influenced by trends and fashions popular among superstars and celebrities, but in some countries, religious and belief-related discussions are more dominant.
🚩 For example, Indonesia, as the most populous Muslim country in the world, is one of the main hubs for importing religious clothing and collections such as headscarves, maghnaeh, scarf, arm sleeves, long abaya dress, prayer rugs and mats, and related accessories.
🔢 Tunisian traders tend to be more cautious in foreign trade compared to other countries, preferring to maintain stable relationships with old partners rather than seeking new relationships with new offers in terms of price and quality.
🔺One of the most important points in trading with West Africa is paying attention to its local and informal markets, for example, countries like Nigeria and Ghana have daily markets in open spaces where various products such as sandals, slippers, and clothing are sold in bulk with high quality and very low prices for the lower-income segments of society.
📎 Iran has exported $292.19 million worth of goods to Uzbekistan, ranking fifteenth among the trading partners of this country. The most important Iranian exports to Uzbekistan include cement and building materials, tiles and ceramics, civil and construction installations, detergents, petrochemical products, various paints, agricultural products, industrial powdered milk, dates, pistachios, apples, oranges, kiwis, tea, and aquatic feed.
💯 In Ghana, the demand for disposable paper and plastic containers has significantly increased due to the rise in restaurants, food preparation, as well as the many festivals and celebrations held in the country. Consequently, there is a higher demand for durable plastic containers for this reason.
♻️ The typical duration required for customs clearance of goods in Malaysia is usually 2 to 5 days, depending on the type of goods and the number of permits and documents required for the entry of those goods into the country.
🔸Importers can reduce the clearance time for goods to 1 to 2 days by registering in the Customs Facilitation System of this country before the arrival of the goods. Additionally, the clearance time for goods sent by air is 2 to 3 days, goods sent by sea take 3 to 5 days, and goods sent through postal companies require 1 to 2 days for clearance.
