Import Export Data from India is included in the trade. Foreign commerce is an essential component of every economy. Before 1991, India was a closed economy with high customs duties and imports that were closely controlled and limited. Foreign investment helped the Indian economy recover after liberalisation. Today, India ranks third in purchasing power parity and is one of the world's major importers. Foreign commerce is monitored by the Ministry of Commerce and Industry.
Foreign trade data is an excellent measure of a country's economic health. International commerce contributes significantly to the country's economy. In 2018, international commerce accounted for 43.41 per cent of India's GDP. Analysts and traders examine two types of trade data:
Every quarter, the Ministry of Commerce and Industry publishes macro data that shows the total quantity of each product for each HS Code. This is a collection of data.
Microdata contains additional particular information that provides insight, such as the HS code and details of the goods transported, importer details, the port of origin, exporter details, landing port, and years or months of shipping.
According to India Trade Data, the trade deficit for 2019 was 118.1 billion USD. Due to the current COVID-19 epidemic, India's exports and imports have decreased drastically for the fourth consecutive month, by 12.4 per cent year on year and 47.6 per cent year on year, respectively. India had a trade surplus of 0.8 billion US dollars.
The most recent trade surplus was in 2002. This also suggested that the home market was contracting.
According to India's import-export trade data, the country imported 480 billion USD in 2019 and exported 322.8 billion USD.
India exported 4450 items to 222 countries and received 4,343 items from 220 countries. India is the world's 19th largest exporter and 11th largest importer.
India's principal exports include petroleum products, mineral fuels including oil, gems and precious metals, machinery including computers, organic, electrical machinery, equipment, chemicals, iron, steel, and pharmaceuticals. Crude petroleum, gold, pearls, precious stones, petroleum products, telecom instruments, electronic components, industrial machinery, electronic components, animal/vegetable fats, oils, waxes, Plastics, plastic goods, and medical gear are India's primary imports.
India's top trading partners in 2019 are:
United States of America
United Arab Emirates
China
Hong Kong
Singapore
India's Major Traders
TLI Tradelink India General Trading LLP New India Trading Corporation
Orwa Impex-Import and Export Company, ASR Imports & Exports, and India Export & Import House.
In India, Eximpedia is a well-known import export data provider firm. It provides the most recent, authentic, and trustworthy global trade statistics from a variety of nations throughout the world. Free online export data, Indian trade data, Customs data, exim data, export data India, Indian import data, Indonesia's customs import data, /customs export data, Import-Export Data Base, HS code list, directory of importers and exporters, HS code finder, custom tax in India, and so on are available. You may search for free shipping details. For more information, please visit our website at https://eximpedia.app/
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