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Indian Export Import Data Bank
by Seair Exim Solution Import Export DataIndia is a land of contrast with different languages and cultures present. The country has a large peninsular surrounded by the Arabian Sea, Indian Ocean, and the Bay of Bengal. The Indian economy is called a middle-income developing economy. It has one of the largest domestic markets in the world Most analysts are bullish about India’s prospects because of its young population, healthy savings, and increasing globalization. Export Import Data shows that India exports over 7500 products to 190 countries all over the world and imports 6000 products from 140 countries all over the world.
Businesses use export import data as market intelligence to understand the import export trade. It can give traders key insights into international and domestic markets. They study the database to understand consumption patterns for the commodity in the country. Importers and exporters use the data to understand trends and consumer preferences.
Import Export Data shows that India’s trade deficit from April 2020 to February 2021 was 84.62 billion USD. In February 2021 India had a trade deficit was 12.62 billion USD. The maximum trade deficit in December 2020 was 15.44 billion USD. India had a trade surplus in June 2020 of 790 million USD.
As per export import data, India’s biggest trade partners are:-
- China
- The United States
- The United Arab Emirates
- Saudi Arabia
- Iraq
China overtook the US to become India’s largest trade partner with the bilateral trade between the two countries is 77.7 billion USD.
Indian Export Data shows the overall export of commodities in FY 20-21 till February 2021 was 256.18 billion USD. India exported goods worth 26.67 billion USD in February 2021. Exports fell by 0.25% with the fear of the second wave of the Coronavirus. In February non-petroleum exports were 25.16 billion USD. The total export for non-petroleum and non-gems products for the FY 20-21 was 219.22 billion USD.
Indian import data shows that India imported commodities worth 340.8 billion USD in the first eleven months of FY 20-21. In February India recorded imports of 40.55 billion USD. In February 2021 oil imports were 10.78 billion USD. The total imports for non-oil products in the first eleven months of FY 20-21was 268.78 billion USD.
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Import Export Data
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Created on Mar 31st 2021 00:36. Viewed 315 times.
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