Import Export Data – An Overview of Imports and Exports of India

Import and exports are the two arms of international trades. Imports are goods and services that are bought by a country that manufactured or produced by another country. Exports are goods and services that are produced within a country and sold to people living in another country.  Export import data can reveal vital information about a countries economy. We can learn about the country’s main trade partner’s data, the largest imported and exported commodities.   

 

According to the export-import data India, the main trade partners are:-

 

• The United States
• The United Arab Emirates
• China
• Hong Kong
• Singapore

 

The export import data is based on import-export documentation. We collect data from government departments, trade bodies, and logistics experts. The export-import data contains the following information:-

 

• Shipment date
• HS Code of the product and the corresponding product descriptions
• Unit quantity and shipment quantity
• Price of shipment
• Exporter and importer name and their contact details
• Port and country of origin
• Destination country and destination port
• Mode of transportation.

Export-import data can help give traders a greater understanding of the import-export business. Our highly competent team ensures you have updated data to help businesses formulate their business strategy and decisions. The database help importers and exporters look for new business opportunities and identify potential trade partners. They can use the information to track competition and it can also help them to increase competition. 

 

Other businesses such as shipping bodies can use the export-import data to look for new clients and identify major ports in a country. Banks can use the data information to look for clients and understand the import-export trade practices. Trade bodies can collect vital statistics about the sector. 

 

Export import data India shows that the trade deficit in January was 14.75 billion dollars and the deficit recorded in December was 15.44 billion USD. India has a trade deficit with these countries China, Switzerland, Saudi Arabia, Iraq, and Indonesia. It has a trade surplus with the United States, UAE, Hong Kong, the UK, and Vietnam.