Daily Import Export Data

International trade is one of the foundations of commerce. Any company that wants to be competitive in the world of commerce needs to know about international trade. The importance of imports and exports and the different ways to get started in this field. In this article, we will discuss the importance of exports and imports and some of the biggest imports of India and exports of India. It also discussed the scope of this field and some of the best ways to get into this field. What is export-import data? Exporting can be simplified as the providing of commodities and services in a foreign nation that is manufactured in a different country.  On the other hand, Importing can be defined as the buying of commodities/ products or services from foreign sources and selling them back into the residential country.  Global sourcing is also a popular term used for importing.  The export and import data will help you understand the importance of these two services.  Annually I...

If we take a closer look at the preliminary GDP estimates for the first quarter of 2021-22, India's gross domestic product (GDP) stood at Rs. 51.23 lakh cr. (US$ 694.93 billion) in the first quarter of FY22. India's trade and ancillary sector had a significant impact on GDP growth as well as per capita income growth. According to the Ministry of Commerce and Industry, India's total exports between April 2021 and August 2021 were expected to be US$256.17 billion (a 44.04 percent YoY increase). Whereas total imports were estimated to be US$ 273.45 billion between April 2021 and August 2021. (a 64.18 percent YoY increase). Keeping the Ministry’s expectation in mind, India's merchandise exports were expected to reach a total of US$164.10 billion (a 67.33 percent YoY increase). And if we talk about the merchandise imports during this period then, it was estimated to be US$ 219.63 billion (an 80.89 percent YoY growth). According to the Minister of Commerce and Industry ...

If you are starting out as an exporter, you must surely be buried in paperwork. One of the most important documents among them is the bill of lading (BOL). It is a legal document issued by a carrier to the shipper  to move a shipment. The information in a BOL is critical, as it lists details such as type and quantity of goods, details of the consignor (shipper), carrier (transport), consignee (receiver) and the destination. It serves as a contract and a receipt and is legal proof that the carrier has received the freight and is obligated to transport and deliver the goods in proper condition to the receiver or consignee. BOL must be accompanied by the shipped products and signed by authorized representatives of the shipper, carrier and receiver.