Import Export Trade Data India

International trade has two components imports and exports. Imports are goods that are purchased into one nation from another. Export is the sale of goods manufactured in one nation sold in another. Individuals, traders, and the government can be involved in imports and exports. Both activities contribute to the country’s gross domestic product. Import-export trade data India shows that the import of goods and services contributed 23.64% to the gross domestic product while exports were 19.74% of the GDP.

Import export trade data is created from information submitted to customs officials at ports (airports, seaport, and land port), port authorities, and shipping and logistic companies. The database contains the following information:-

• HS Code and Product Description
• Unit Quantity and Gross Quantity
• Unit Price and Total Price (USD)
• Transportation mode
• Import Port
• Foreign Port
• Importer and Exporter Contact Details. 

Import-export trade data is vital for any international trader wanting to make their yearly predictions and marketing strategy. 

• Importers and exporters can use the database to contact each other. 
• The data can be used to study the latest marketing trends and help to predict a change in customer preferences.
• The database can help traders negotiate better or price their commodities competitively. 
• Traders can find new markets to procure or sell their commodities. 
• The database can help businesses diversify. 
• Service providers to international traders such as logistics and shipping companies, bankers can use the database to find new clients.

Import-export trade data India, reveals that total imports of goods in 2019 were 480 billion USD. The total exports of goods in 2019 were 322.8 billion USD. The negative trade balance in 2019 was 189.69 billion USD. India registered a trade growth of 0.87% compared to the global average of 3.5%. According to import-export trade data India, in 2019 India had the 5th largest economy in terms of GDP. India was the 12th largest exporter and the 10th largest importer in the world.

Import Data India shows India’s import slumped by 19.6% from a similar period in 2019. Imports of goods in September 2020 were 30.31 billion USD. The imports slumped to 17.12 billion USD in April 2020 because of a fall in demand because of the pandemic. The main imports in recent years were:-

• Mineral oil and waxes and bituminous substances (27% of total imports)
• Pearls, precious and semi-precious stones, and Jewelry (14%)
• Electrical machinery and equipment (10% )
• Nuclear reactors, boilers, machinery (8%)
• Organic chemicals (4%)

Exports data India shows exports jumped by 5.3% from September 2019. The total export of goods in September 2020 was 27.4 billion USD. April 2020 showed exports slumped to 10.36 billion USD. The top exports in recent years were:-

• Pearl, precious and semi-precious stones and jewelry (16% of total exports)
• Mineral oil and waxes and bituminous substances (12% )
• Vehicle, parts, and accessories (5% )
• Pharmaceutical products (5% )
• Organic chemicals (4%)

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