India Export Import Data

Export and import are an important part of India’s economy. India earns valuable foreign exchange from exports. Exports help to provide employment and improve the profit margins of companies. Imports provide valuable raw materials for manufacturing. It helps to provide resources unavailable in India. Imports help to make domestic products are competitively produced. Indian export data shows that total exports were 18.4% of the GDP. Export and import data shows that total imports were 21.4% of the GDP.


Export import data India the exports of commodities for April 2020 to February 2021 was 256.18 billion USD. India recorded export products valued at 27.67 billion USD in February. Several commodities like oil meals, iron ore, food products, carpets, and pharmaceuticals showed growth in exports. Some products showed negative growth for exports like petroleum products, leather, cashew, and gems and jewelry. 


Import and export data shows India’s biggest export trade partners are:-


  • precious and semi-precious stones and jewelry 

  • mineral fuels, oils 

  • Vehicles and vehicle spare parts

  • Nuclear reactors, boilers and mechanical equipment(

  • Pharmaceutical products.


According to exporter data India, the top exporting companies in India are:-


  • Reliance Industries 

  • Oil & Natural Gas 

  • Indian Oil (oil, gas)

  • Tata Motors (car/truck maker)

  • Tata Steel (iron, steel)


Custom import data shows that India imported commodities worth 340.80 billion USD. In February, oil imports fell to 16.63% to 8.33 billion USD. Oil imports for the fiscal year amounted to 72.08 billion USD a drop of 40.18%. Precious metal is one of India’s top imports. Gold imports in the fiscal year amounted to 27 billion USD.


As per the customs import data, the top ports used for imports in India are:-


  • Mineral fuels, oils 

  • Precious and semi-precious stones and jewelry

  • Electrical equipment  

  • Nuclear reactors  and mechanical equipment  

  • Organic chemicals


Comments

Post a Comment

Popular posts from this blog

Get Authentic Indian Export and Import Data

Image
The export-import business in India is growing at a brisk pace. Exports earn important foreign revenue for the government. It can lead to job creation and help a company increase market share beyond domestic borders. Imported commodities introduce new products and the latest technology to a country. It helps to raise the standard of living. Another benefit of imported commodities reduces manufacturing costs. Local manufacturers improve the quality of production to compete with imported products.  India export import data  shows that India’s export rank is 180 and import rank is 15. Traders use the  export-import data  to improve profitability and for market analysis. Traders can learn the prevailing market rates, companies trading in the commodity, and volumes traded to ensure their business runs smoothly. Businesses can contact potential buyers. They can use the data to shortlist dealers that are interested in business in a new country. Before they join a new marke...
Read more

Govt extends import window for pulses; growers fear inflow of cheaper produce

Globally the pulses business has received the Centre’s action to expand the import factor for certain types of pulses mentioned as follows: Tur Moong Urad while domestic farmers are disturbed and stress that the inpouring of the cheaper harvest would discourage the rates and harm their income. Did you know import export data can help to amplify the strategy for your business? Farmers expect the Authorities to reconsider their verdict on free imports and area some quantitative restrictions. Bimal Kothari, Vice-Chairman, Indian Pulses and Grains Association (IPGA), expressed in comparison with the edible oil costs, costs of pulses have continued comparatively safe for the past three-four months. Pulses have not perceived a considerable improvement in cost. The costs of pulses are not rising. Tur crops formerly were done for multiple purposes. Huge rains also brought some damage to the annual harvest. Read More   https://www.exportimportdata.in/blogs/govt-extends-import-window-for-pul...
Read more