Import Export Data are key components of any countries economy. It can be a great indicator of the economic health, domestic demand, domestic markets, and openness to foreign investment. The data gives insight into the number of trading partners a country has. The import export data of India shows India imports 6000 products from 140 countries and exports 7500 products from 190 countries.
Export Import Data is collected from ports (seaports, airports, and land-port). The database is based on shipping bills, import bills, bills of lading, and other documents required for import export business. Our primary data-source for creating the data are government departments, shipping companies, port authorities, and trade bodies. It contains the following information:-
- Date of shipment
- Name of buyer and contact details
- Name of seller and contact details
- HSN Code
- Product description
- Quantity (unit and total)
- Value
- Mode of shipment
The Import Export Data show the 95% of cargo by volume is shipped by sea. The Indian peninsular has a long coastline. It has 13 major ports and 200 minor ports. The busiest ports in India in terms of volume are:-
- Nhava Sheva Port
- Port of Mundra
- Chennai Port
- Kolkata Port
- V.O. Chidambarnar Port
Export Data India can provide businesses a comprehensive view of India’s international trade market. Traders use the data to find the right business partners after studying trade patterns. They can find out their market share for their product. Traders get access to information that can help their businesses grow. They can learn about new markets. Importers and Exporters use the information to analyze market trends and predict customer preferences.
Logistic service providers use the Export Import Data to find new clients. Financial institutes look for clients to provide services like the letter of credit and bank guarantees. They also gain insight into a company’s trading activities.
Export Import Data shows the trade deficit for 2020-21 was 82.09 billion USD. India exported commodities worth 290.18 billion USD and imports values at 372.27 billion USD. Exports in the financial year dipped by 7.4% compared to exports in 2019-20, while imports fell by 18%.
As per the India Export Import Data, the top trade partners of India are:-
- China
- The United States
- The United Arab Emirates
- Saudi Arabia
- Iraq
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