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India Trade Data – The Best Way to Know Imports and Exports of India

India is the largest country in South Asia. India is now called a middle-income developing market economy. In terms of nominal GDP, it has the 5th largest economy in the world. Experts are optimistic about India’s growth prospect. India has one of the largest agricultural economies in the world. International trade in India increased sharply after liberalization. According to India's trade data, trade was 40.02% of the GDP.

India trade data of 2019-20 shows total exports from 528.45 billion USD, while imports were 598.61 billion USD. The data indicated that imports were 2.6% of global imports, and exports were 1.7% of global exports. Exports in India were 19.74% of the GDP, while imports were 23.64% of the GDP.

India import-export trade data is collected from various customs offices across the country, port authorities, shipping companies, and trade authorities. The major data covered in India import-export are:-

  • Date
  • Product Description with HS Code
  • Importer Name
  • Exporter Name
  • Value
  • Total Quantity and Unit Quantity
  • Destination Country and port
  • Origin country and port
  • Transportation mode

According to India import-export trade data, exports decreased to 23430 USD Million in November while imports were 33600 USD Million in November. The largest exports after the lockdown were seen in September when 27580 USD million and the maximum imports were in October when 33600 USD million was imported. India usually has a large trade deficit, but India managed to narrow the trade deficit to 8.71 USD billion in October 2020.

There are several benefits of Trade Data of India are:-

  • Importers and exporters can gather genuine data to make business plans.
  • They can look into expanding markets to sell or source their material. 
  • It helps traders evaluate their competitor's pricing strategy. They can also use to learn more about the business strategy of the market leader. 
  • Companies can source their raw materials directly from importers rather than contacting suppliers. 
  • The monthly, quarterly, and yearly data help traders make more accurate projections. The trader can sell and buy more accurate quantities without increasing inventory. 
  • The data helps them analyze customer preferences and predict trends. 
  • The data helps them look for alternate markets in case of geopolitical instability. 
  • The contact details of exporters and importers can help traders look for potential clients or sellers. 

Seair Exim Solutions is a leading export and import data provider company. It offers updated, 100% genuine, and reliable global trade data of more than 80+ nations of the world such as India, USA, Uganda, Russia, Kenya, Liberia, Mexico, Indonesia, Sri Lanka, Vietnam, Bangladesh, Pakistan etc. Our main data services are US import data, India import dataIndia export data, import data of Indonesia, Vietnam exporters data, Russia customs  shipment data, Mexico trade data, Kenya shipment data etc. You can get various free resources related to import export trade business such as HS code list, HS code search, Search HS code, sac code search, sac code list, custom duty in India, custom duty calculator, foreign ports, trading partners of India, GST rates in India, GST rates list and many more on our company’s website – seair.co.in.

For free sample data report and free live demo data search

Phone No: +91-9990837766

Email Id- Info@seair.co.in

  • Seair Exim
  • 21-Dec-2020

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