Indian Export Import Data — To Get Active List of Importers and Exportersby Export Import Data Solutions Indian Import Data
India is in South Asia. India is an ancient country. Presently India is a fast-growing economy with projected growth of 8%. As per Export Import Data, India now exports over 7500 commodities to 190 countries and imported 6000 products from 140 countries around the world. The trade deficit in 2020–21 was 98.62 billion USD. During the financial year, India imported commodities valued at 313.36 billion USD and exported 290 billion USD.
Export Import Data plays an invaluable role in making an import-export business successful. In today’s competitive business environment data is invaluable. Importers and exporters help to find the top traded commodities in any country. Businesses study previous consumer trends and predict changing preferences. Importers and exporters utilize the data to get information about average prices and products for any commodity. Traders examine the data to find new trading partners. Businesses stay updated about their market share and look for ways to increase their market share.
Import Export Data shows that India’s top trade partners are:-
- The United States of America
- United Arab Emirates
- Saudi Arabia
China overtook the US to become India’s largest trade partner. The total Indian Trade Data between India and China was 77.9 billion USD in 2020. The trade between the two countries in the previous year was 85.5 billion USD. India’s second-largest trade partner was the US the total trade between the two nations was 75.9 billion USD in 2020. The previous year’s trade was 88.75 billion USD in 2019.
According to Shipment Data and Custom Data of India, 95% of commodities by value are transported by sea. India has a long coastline and has 12 major ports and 200 minor ports. The top ports in India are:-
- Jawaharlal Nehru Port
- Port of Mundra
- Port of Chennai
- Port of Kolkata
- V.O. Chindambaranar Port
In the financial year 2020–21, the major ports in India saw a 4.59% drop in cargo handling to 672.6 million tons (MT). All major ports other than Paradip and Mormugao saw a fall in cargo handling.
Created on Apr 15th 2021 01:13. Viewed 269 times.