Export Import Data- Expand Business Globally

Import and Export are the two pillars of international trade. Some of the advantages of import and export are it increases the potential client base. It helps to increase product lifespan and help to improve cash-flow management. As per Indian Export Import Data, India exports 7500 products to 190 countries and imports 6000 products from 140 nations.

We collect Export Import Data from customs officials, port authorities, trade associations, and logistics and shipping companies. The data is based on various import-export documents (shipping bills, import invoices, shipping manifest) created during international trade. Our experts verify each entry before adding it to the database. The Export Import Data contains some of the following information:-

• Shipping date
• Buyers name and contact details
• Sellers name and contact details
• HSN code and product description
• Unit and Gross Quantity
• FOB Value (local unit and USD)
• Port of entry and country of origin
• Port of destination and destination country
• Mode of transportation

Importers and exporters use the Import Export Data to select the right buyers or sellers. They can monitor their competitors. They can study data to formulate the price and volume of the commodity. Traders utilize the data to look for an opportunity for business growth, explore new markets or opportunities to diversify. They use data to find other suppliers used by their clients. Import Data can study the database to find market trends and changing market preferences.

Indian Export Import Data shows that in 2020–21 India’s trade deficit was 98.56 billion USD. India lowered its trade deficit due to lower exports (290.63 billion USD) and imports (389.18 billion USD). The Indian Trade Data deficit in 2019–20 India’s trade deficit was 161.35 billion USD with exports were 313.36 billion USD and import was 474.71 billion USD.

As per Indian Export Import Data, India’s top trade partners are:-

• China
• The United States of America
• The United Arab Emirates
• Saudi Arabia
• Iran

China overtook the US and became India’s largest trade partner. The total trade between India and China amounted to 77.7 billion USD, with a trade deficit of 40 billion USD. The total trade between India and the US was 75.9 billion USD.

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Created on Apr 27th 2021 23:56. Viewed 226 times.

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