Export and Import Data Bank — Search Traders in The world

by Export Import Data Solutions Indian Import Data

In terms of performing trading business, India does not lack any opportunities due to its location. Almost more than 25 countries are involved in trading activities with India. Export and Import Data bank is such a source which is being utilized to keep every bit of information regarding the various exports and imports being performed with India.

The information found here is very confidential as it is related to the movement of goods and services. This article thus hereby brings a great chance for the traders who have an interest in the Indian market of trading with lots of information. Keep reading to get every form of information that is related to Indian Trade Data.

Import and Export Data mainly involves the details of shipping done between the countries, their product details, quantity, HSN code, and value in both currencies and many more. Other than these, you also get the opportunity to know about the major commodities with which India deals in respect to export and import trading.

In November 2020, India’s merchandise imports had been USD 33.39 billion. This showed Import Data India in the value by 13.33% when compared to November 2019 (USD 38.52 billion). In November 2020, India had become a net importer that had a trade deficit of USD 9.96 billion. In the last year, India has exported products that were worth 323.1 billion dollars. And the products imported were worth 507.6 billion dollars.

According to Indian Export Import Data, the major commodities that are involved in imports include:

· Mineral fuels and oil

· Plastic articles and plastics

· Precious metals and gems

· Vegetable and animal fats

· Inorganic chemicals

On the other side, the commodities that are involved in exports include:

· Electrical machinery

· Iron & steel

· Organic chemicals

· Cotton

· Clothing

The group of commodities that had recorded positive growth during the period of March 2020 in merchandise includes other cereals of 326.44%, oil meals of 230.4%, iron ore of 194.89%, electronic goods of 91.98%, and many more.

Whereas the commodities that brought negative growth were oil seeds of -6.45% and cashew of -1.99%. In imports, the commodities that showed negative growth in the year 2021 in merchandise were fertilizers, crude & manufactures, transport equipment, silver, pulses, and project goods. The major trading partners that India has to include China at the top with making exports of around INR 125,427.25 crores INR, and imports of INR 386,671.82 Crores. These Export Import Data of India thus provides a range of information that can be helpful to business organizations while analyzing the trading market of India.