India is one of the largest South Asian countries in the world has performed trading activities globally. It has historically traded with countries like Africa, Asia, and Europe. According to Import Data India, there are more than 6000 commodities that are imported from 140 countries. The imports of goods and services made were 23.64 percent of the country's GDP. The Import Data India provides details from the documents like invoices, bills of lading, and shipping manifest. All these data are collected from shipping companies, customs authorities, trade bodies, and port authorities. Some of the details that this database includes:
- Date
- Description of product
- HS Code
- Total and unit quantity
- Name and contact details of importers
- Value of shipment
- Names of the port in India
- Port of Origin and Name of Origin Country
- Mode of Transportation
Almost 95% of commodities that are imported in India are done through ports. As India has a long shoreline, most of the import trading activity is done through seaports. Other than seaports, there are also many airports and ICD. The main seaports that India has are:
- Chennai Port
- Nhava Sheva Port
- Kolkata Port
- Mundra Port
- V.O Chidambaranar Port
Among all the ICD ports present in India, Tuglakabad is the busiest one. Whereas on the other hand, the busiest cargo airport present in India is the Indira Gandhi International Airport.Imports Data of India revealed that in December 2020, goods worth US 42.6 billion dollars had been imported. Imports that were made in 2020 had surpassed the value of 2019 by reaching an all-time high position. In the month of April of 2020, products worth 17.12 billion dollars were imported, which showed the lowest amount to be imported in the year. This was all due to the pandemic situation of coronavirus that was prevailing in India and other countries. The top trading partners that India has include:
- China at the top with a percentage share of 16.78% and exporting value of US$ 70.32.
- The United States of America with 6% and exporting value of US$ 35.55.
- The United Arab Emirates with 6% and exporting value of US$ 35.55.
- Saudi Arabia with 5% and exporting value of US$ 28.48
- Switzerland with 5% and exporting value of US$ 28.48.
Indian Import Companies mainly import commodities like mineral fuel and oils, electrical machinery and equipment, gems & precious stones and metals, organic chemical, and machinery including computer appliances. The top importing companies that India has are:
- Adani Enterprises
- Bharat Petroleum Corporation Ltd
- Indian Oil Corporation
- Reliance Industries Ltd.
- Vedanta Corporation.
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