Export Import Data Bank India

by Export Import Data Solutions Indian Import Data

India is one of the fastest-growing developing economies. It is now called a middle-income developing market economy. India was impacted by the global pandemic according to estimates the GDP is expected to contract by 7.7%. According to Shipping Data, foreign trade accounted for 48.8% of India’s

Traders use the Export Import Data to get an in-depth understanding of the export-import business. Our accurate and consistent data helps traders to spot upcoming opportunities. Traders utilize our extensive database to take crucial data-driven decisions. Importers and exporters utilize the database to find out their present market share.

Export Import Data shows that in FY 2020–21, India exported goods valued at 290.18 billion USD and imports valued at 372.27 billion USD. India recorded a trade deficit of was 82.09 billion USD. Exports in 2020–21 contracted by 27% while imports in 2020–21 contracted by 18%. Commodities of exports in March 2021 were 34.0 billion USD and imports were 48.12 billion USD. Both exports and imports showed a large jump compared to the trade in 2020, exports rose by 58.23% and imports rose 52.89%.

India’s Import Export Data shows that China overtook the US to become India’s top trade partner. The two-way Trade Data between China and India was 77.7 billion USD. China was India’s largest import partner, the total imports between the two countries were 58.7 billion USD. India’s trade deficit with China was 40 billion USD. The bilateral trade between the US and India was 75.9 billion USD. Import Export Data shows that India’s top trade partner is:-

China
The United States
The United Arab Emirates
Saudi Arabia
Iran

India has a large peninsular with a coast of 7516 kilometers. According to Shipment Data and Custom Data India, around 95% of goods are traded by volume are transported by sea. Shipyards in India have a cargo-carrying capacity of over 2.8 million tons. The Shipment Data shows the top ports in India are:-