Located in South Asia, India today is an emerging middle-class economy. India derives economic strength from a large and skilled workforce. The information technology and BPO sector are one of the top-performing sectors were valued at 194 billion USD in 2020. India has a large youthful population. It has a well-developed domestic market. In recent years the Indian import-export market has been growing at a brisk pace. Indian trade data shows that international trade was Indian trade were 39.4% of the GDP.
Knowledge has become a vital commodity today. International traders need information about the latest trade data India. Trends in India have shown exports of some commodities have increased while oil imports have decreased. Studying these trends has helped traders formulate their business plans and predict future trends. Importers and exporters wanting to expand can identify new products, markets to procure or sell the product, the price, and the volume of the product. Trade data India helps customers find new customers and tap unexplored markets. Businesses can track their competitor’s business strategies.
Indian trade data contains the detail of all imports and exports in India. It contains details like date of shipment, HS Code and corresponding product description, the unit quantity and total quantity, FOB Value, foreign port and country, Indian port, importers name and contact details, exporters name and contact details. Our easy-to-use database helps you get the importers and exporters of commodities traded in India. The Indian trade data shows India’s top trade partners are China, the United States, United Arab Emirates, Saudi Arabia, and Iraq.
Importers and exporters use Indian trade import-export data to understand the geographical spread of the product. Businesses can use the database to understand supply chain management. The data of 2020-21 shows that India exported goods worth 290.63 billion USD and imported products valued at 389.18 billion USD. The trade deficit of India amounted to 98.56 billion USD. In the first half of 2020-21 (April – September) imports fell by 40% to 148.69 billion USD and exports slipped by 21.31% to 125.25 billion USD. In 2020-21 imports fell by 18.02% while exports fell by 7.62%.
Indian trade import-export data shows the major imported commodities in India were crude petroleum, gold, petroleum products, coal and briquettes, and pearls, precious and semi-precious stones, and electronic components. While major exports in India were engineering goods, petroleum products, gems and jewelry, drugs and pharmaceutical products, and chemicals.