How to Easily find Import and Export data
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India is in South Asia. India’s economy
improved tremendously after it liberalized its economy in 1992. India’s GDP in
FY21 was 2.71 trillion USD. India has attracted foreign investment around the
world because of its large qualified population. India’s domestic market is
well developed and extremely competitive. As per import-export data India exports 7500 products to 190 countries
around the world and 6000 products from 140 countries.
Import-export
data India helps traders
involved in importing or exporting commodities formulate their business
strategies. The data helps them understand changing trading patterns and
predict customer preferences. Buyers and sellers can explore the database to
look for alternative markets to purchase or sell their products. They decide
their price and volume strategy for the product they trading in based on
information in the database. They can monitor their competitors and
customers.
According to Indian export-import data, the top trading partners of India are:-
·
China
·
The United States of
America
·
United Arab Emirates
·
Saudi Arabia
·
Iraq
As per the Indian export-import data, the total trade between China and India
was 77.67 billion USD. India imported goods worth 58.7 billion USD imports.
India exported commodities worth 19 billion USD to China, exports rose by 11%.
The total bilateral trade between India and the US was 75.95 billion USD. The
bilateral trade and investment between India and the UAE was 60 billion
USD.
As per import-export
data India, in 2020-21 India imported commodities worth 389.18 billion USD
and exported goods valued at 290.63 billion USD. The imports decreased by
18.02% and exports decreased by 7.62% from trade figures in 2019-20. Both
imports and exports recovered in the fourth quarter imports in March rose to
48.12 billion USD and exports rose to 34 billion USD.
According to import-export data India top imported commodities in 2020-21 were:-
·
Mineral fuels, oils,
and waxes (104 billion USD)
·
Electrical machinery
and appliances (42 billion USD)
·
Pearls, precious and
semi-precious stones, precious metals, jewelry (41 billion USD)
·
Nuclear reactors,
boilers, mechanical equipment. (35 billion USD)
·
Organic chemicals
(16.1 billion USD).
India is heavily dependent on oil imports as
it imports 83% of its oil requirements. But in 2020-21 oil imports slumped by
37% due to a fall in demand and non-oil imports contracted by 10.89%.
India’s top exported goods in 2020-21 were:-
·
Petroleum oil (26
billion USD)
·
Pharmaceuticals products
(16.6 billion USD)
·
Diamonds (15.2 billion
USD)
·
Rice (7.98 billion
USD)
·
Jewelry (7.65 billion
USD)
Pharmaceutical products exports rose by 18% in
2020-21. But fall in the export of commodities like petroleum oils,
engineering and precious stones led to an overall decrease in imports.
You can easily find import-export data in India from
government websites or the export-import data provider. Seair Exim Solutions is
one of the best sources to get authentic import-export data in India. We have
presenting high-quality data for over ten years.
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