Export Import data India: Take Your Business to Next Level of Success

The Republic of India is in South Asia. In 2019 India had the fifth-largest economy with a nominal GPD of 2.87 trillion dollars. After independence, India had a protectionist economy but the country opened up in the 1990s. India is a member of SAARC and has trade agreements with several countries. It signed the Global Trade Preferences with 21 countries. According to import export data, India imports 6000 commodities from 140 countries and exports 7500 products from 190 countries. There was a trade deficit of 84.98 billion USD in 2020-21.

The import-export data showed that India’s top trade partners are:-

• China
• The US
• The UAE
• Saudi Arabia
• Hong Kong

The import-export data helps traders from in market analysis. They can get updated market share for any product traded by India. The database provides a holistic view of the import-export business in the country. Authenticate database provides comprehensive information to maximize profits at minimal risk. Importers and exporters can utilize the data to formulate the price and quantity strategy. They can explore the data to find new markets and customers. 

Export data India shows that India exported commodities valued at 225.9 billion USD from the financial year 2020-21 till February 2021. In February 2021 India exported products valued at 27.67 billion USD. The exports in the financial year fell by 12%. The export of commodities fell by 0.25% after two months of export growth. According to export data India, commodities in February that showed negative growth are petroleum products, leather, cashew, gems and jewelry, engineering products, tea, and coffee. Products with positive growth for exports were oil meal, iron ore, rice, meat, cashews, spices, carpets, dairy products, pharmaceuticals, and chemicals. 

Indian Import Data shows that India imported products valued at 340.81 billion USD from April to February 20-21 with imports dipping by 23% from imports in 2019-20. In February India imported commodities 40.55 billion USD. In February import of oil fell by 16.63% to 8.89 billion USD.