Indian Import Data – A Helping Hand for Tradersby Export Import Data Solutions Indian Import Data
India in Asia is one of the largest countries in the world. Before India was colonized it has carried international trade for centuries. India had a protected economy for a period after independence when imports and foreign investments were monitored. The import duties in India were very high. In the 1990s the government opened up and imports became easier. Import data India shows India imports 6000 commodities from 140 countries.
Our experts collect the raw data from customs ports and other private and governmental agencies across the country. After processing and verifying the import data India the unique database is created. The data can help traders take their business to the next level. The data helps importers and exporters identify new customers and markets for their commodities. They can understand the business strategy of their competitors. Traders can look for new business opportunities from all over the world. They can utilize the information to reduce the cost of outsourcing. They can examine the database to determine global and regional trends. They can predict changing market potential of the commodities they trade-in.
Indian import data shows India imported goods valued at 340.81 billion USD from April to February (2020-21). Imports in the period were down by 23% in the period. We can analyze the monthly trends to learn India's imported commodities valued at 40.55 billion USD in February 2021. The data showed Indian imports were up by 6.98% in February. The maximum imports in India during 2020-21 period was recorded in December when India imported commodities valued at 42.59 billion USD and minimum was recorded in April (17.12 billion USD).
The top imports according to Indian Import Data are:-
- Mineral fuels, oils, and waxes (27% of total imports)
- Pearls, precious and semi-precious stones, and jewelry (14% of total imports)
- Electrical equipment (10% of total imports)
- Nuclear reactors and mechanical appliances (8% of total imports)
- Organic chemicals (4% of total imports).
Import data of India shows that India’s top import partners are:-
- The United States
- The United Arab Emirates
- Saudi Arabia
Created on Mar 10th 2021 00:43. Viewed 211 times.