India now exports over 7500 goods to approximately 190 countries and buys approximately 6000 commodities from 140 nations. Imports and exports are not limited to commodities (merchandise). Service is another important export/import component.
To keep things simple, consider the following summary of India's international trade:
Goods (merchandise/commodities) export
Services export
Goods importation (merchandise/commodities)
Service importation
Importance of Export Import Data for business
Exporting and importing contribute to the growth of national economies and the expansion of the global market. Every country has some advantages in terms of resources and expertise. Some nations, for example, are wealthy in natural resources such as fossil fuels, lumber, fertile land, or valuable metals and minerals, whereas others are deficient in many of these resources. Furthermore, certain nations have highly developed infrastructures, educational systems, and financial markets, allowing them to engage in complicated industrial and technical advances, but many others do not.
Data export India's exports increased to 27.58 billion USD in September 2020. Exports recovered the most quickly following the outbreak. Exports totalled 27.4 billion USD in February 2020. According to historical statistics, the highest exports in India were registered in April 2008. April 2020 saw the lowest level of goods exports.
The following were the top exports in 2019:
Oil and mineral fuels (44.1 billion USD)
Precious metals and gemstones (36.7 billion USD)
Computers are examples of machinery (21.2 billion USD)
Organic chemicals (18.3 billion USD)
Automobiles (17.2 billion USD)
Top export partners for India
China and the United States
Emirates of Arabia
Germany, Hong Kong
According to India's import figures, imports were 30.3 billion USD in September 2020.
Following the epidemic, imports showed indications of recovery. In February 2020, imports before the shutdown were 37.3 billion USD. According to historical records, the highest imports in India were reported in March 2010. Commodity imports were at their lowest in April 2020. The following were the top imports in 2019:
Mineral fuels, such as oil (153.5 billion USD)
Precious metals and gemstones (60 billion USD)
Electrical machinery and apparatus (50.4 billion USD)
Computers are examples of machinery (44.1 billion USD)
Chemicals that are organic (20.5 billion USD)
India’s top import partners are:
China
Hong Kong
Switzerland
United States of America
United Arab Emirates
Benefits of Availing trade data from Eximpedia Solutions
We maintain tracking of shipping activities around the world to keep you informed about import and export statistics in India, as well as what's going on in the import-export business. There's no better method to identify new suppliers, interact with new customers, and learn about your rivals' supplies than to do so.
In the global marketplace, look for new methods to generate money. See how we can help you seize these opportunities and make the most of them. If you're importing from another nation, we'll help you find a high-quality Import Export Data Provider. Our shipping data reveals customers, product lines, Import export data with importer name, and exporting volumes for enterprises all around the world.
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