Trade is an economic concept of buying and selling of goods/commodities that gave rise to the club of exporters and importers. In the present world, either it is a developed nation like the USA or an emerging one like India, China trade is needed by all to convert a country into an economy. Eventually, to keep a count on the trade movements a well-managed export import data is required.

According to the trade economics Exim data bank

• Indian exports averaged $5741.63 Million from 1957-2019, reaching an all-time high of $32550 Million in March 2019. The main exporting partners are United States (15 %), United Arab Emirates (11%), Hong Kong (5 %t), China (4 %), Singapore (4%) and United Kingdom (3%).
• Indian imports averaged $8424.25 Million from 1957-2019, reaching an all-time high of $45730 Million in August 2018. The major importing partners are China (16 %), the United States (6 %), United Arab Emirates (6%), Saudi Arabia (5 %) and Switzerland (5%).

But for the person new to the trading business, what an Exim data bank means? The import export data bank is the collection of separate data records of export and import activities gathered from the invoices, shipping bills filed at the customs and ports.

According to the trade data India

• India exported mostly pearls, precious and semi-precious stones and jewelry (16 %), mineral fuels, oils and waxes and bituminous substances (12%), vehicles (5%), nuclear reactors, boilers, machinery and mechanical appliances (5%), pharmaceutical products (5%), and organic chemicals (4%).
• India’s main imports are mineral fuels, oils and waxes and bituminous substances (27%), pearls, precious stones and jewelry (14%), electrical machinery and equipment (10%), nuclear reactors, boilers, machinery and mechanical appliances (8%), and organic chemicals (4%).

Export import data is an effective lifeline of the traders. It provides an in-depth understanding of the trade market regarding the demand-supply requirements, rate offered for the product, quantity traded, etc. Every trade data India provides details like the HS code, importer/exporter name, item description, brand, category, net weight, price, loading-unloading port name, etc. much required for the smooth business functioning.

Seair Exim Solutions offers updated, 100% genuine, trusted and reliable global trade data of more than 80 countries such as India, USA, Russia, Kenya, Peru, Mexico, Pakistan, Indonesia, Vietnam, etc. Our major services are US import data, import data India, Indian export data, import data Indonesia, Vietnam export data, Russia customs data, Mexico trade data, Kenya shipment data etc. You can find various free resources related to import and export trade business like HS code list, HS code search, HS code finder, sac code list, sac code finder, custom duty in India, custom import duty India, custom dutycalculator, foreign ports, trading partners of India, GST rates in India, GST rates list and many more on our website – seair.co.in.

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