India is home to various small or big industries that have successfully leveraged such opportunities and expand their business of import and export. Global trade is supported by India and the nation welcomes people to import things in the country. India is a crucial leader in the sector of import and export. As many of the countries all over the world are embracing globalization, companies are getting opportunity to expand their business activities in the form of export and import.
In order to lead a successful business in Indian trade market, one must know which countries are India’s top trading partners and what products are in high demand and here the work of data of Customs Data India starts.
Indian Export Business
Some major commodities which India exports to different parts of the globe are gems & precious metals, vehicles, machinery including computers, pharmaceuticals, organic chemicals, clothing & accessories, electrical machinery & equipment, knit or crochet clothing & accessories and iron & steel.
According to a recent Customs Data India, United States is the major trading partners of India followed by UAE (United Arab Emirates), Hong Kong, China, Bangladesh, United Kingdom, Nepal, Sri Lanka, France, turkey etc.
Indian Import Business
Some major commodities which India imports from different parts of the globe are oil, gems & precious metals, electrical machinery & equipment, machinery including computers, organic chemicals, plastics & plastic articles, animal & vegetable fats, oils and waxes, Iron and steel, Optical, technical and medical apparatus and Ships & boats.
China is the largest import partner of India, followed by United States, Saudi Arabia, UAE, Switzerland, Indonesia, South Korea, Germany, Iraq, Nigeria, Japan, and Malaysia and so on.
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