26-Dec-2022
As we know, India is known as the top trading country. For the Export-Import business, finding the ideal provider of import-export data for you truly depends on your particular use case, data needs, financial situation, and geographic coverage. You might choose to purchase import and export data from a well-known company, for this ExportImportData is the perfect website to analyse market insights. In this blog, we will discuss how to get Import and Export Data in India.
According to the India Export Import Data, with $292 billion in exports and $421 billion in imports, India, the 18th-largest exporter, had a $129 billion negative trade deficit in 2014. India, the second-most populated nation on earth, has a sizable labour force, and its effective government reforms have been transforming the global economy. India's economy has grown steadily at an average annual growth rate of 7% for many years. Petroleum, agricultural products, precious stones and jewellery, and machinery are among India's biggest exports.
The predicted percentage of India's total goods exports and imports to its GDP in fiscal year 2022 was 33%. The ratio of India's total goods exports and imports to the GDP increased from the previous fiscal year's level of 26% to this one. India's economy ranked sixth in the world in terms of GDP (current US dollars), 18th in total exports, 12th in total imports, 158th in terms of GDP per capita (current US dollars), and 40th in terms of economic complexity in 2020, according to the Economic Complexity Index (ECI).
According to Customs Data India, India had a negative trade balance of $26.7 billion in August 2022 due to $63.6 billion in imports and $36.9 billion in exports. India's exports climbed by $3.2 billion (9.51%) from $33.7 billion to $36.9 billion between August 2021 and August 2022, while its imports rose by $17.9 billion (39.2%) from $45.7 billion to $63.6 billion.
According to the India Export Import Data, top India’s main imports and exports are-
For Exports -
For Imports-
These are the top exported items from India according to the India Export Import Data -
So, these are the major exported items from India to global countries. If you need India Export Import Data, you can analyse the trade market insights.
As we know, Asia, Europe, North America, and the Middle East are India's top export markets. India's main export destination is the US, where it exports items worth $35.9 billion. The main exports to the US include oil, rice, other agricultural products, medicines, and diamonds. The top exports to the UAE, worth $29.6 billion, are rice, refined petroleum products, jewels, and coal-based items. Through a bilateral trade agreement, China purchases goods from its Asian counterpart worth $13.9 billion.
Iron ore, cotton yarn, organic compounds, plastics, and refined copper are among the exported products. Saudi Arabia imports goods valued at $13 billion, covering rice, other fruits and vegetables, oil, textiles, machinery and automobiles, iron, and steel. The principal things that the UK imports from India are apparel, machinery, and agricultural products, with a total value of $10.6 billion.
According to Customs Data India, With $52.5 billion in exports to India, China is the biggest supplier of electrical and mechanical equipment, nuclear reactors, organic chemicals and oils, and mineral fuels. Crude petroleum is the main export from Saudi Arabia ($30 billion) and the UAE ($24.4 billion). Also Gold and precious stones, nuclear reactors, pharmaceutical products, machinery, optical photography equipment, and electrical machinery are among the $21.3 billion worth of exports from Switzerland. India imports goods from the US valued at $18.2 billion, covering precious stones, machinery, electrical equipment, and aircraft.
Which is the best site for India Export Import Data?
ExportImportData is one of the best and most accurate import export data provider companies in India. It provides 100% genuine, trusted and reliable custom shipment data for more than 80 countries such as India, USA, Russia, Mexico, Indonesia, Vietnam, etc.
Some of the significant highlights of ExportImportData are:
ExportImportData is one of India's top Customs Data India providers; they have customized and intelligently data acquisition platform to analyse the market. With well-researched and optimized India Export Import Data, ExportImportData is a foremost for all your Trade Data needs. If you require any type of assistance, our professionals are always ready to render excellent service to expand your business in the international trade market.
Export Import Data solutions is one of the best online import export websites in India that provides trade data services and trading business information. Currently, Export import data is the best import export data provider and market research companies in India.
