Import export information India
Import and export are two components of international trade. Import is the purchase of goods and services from other countries while export is the sale of goods and services. India is in South Asia. The Indian government eased many restrictions for foreign investments and imports in the 1990s. India’s economy improved dramatically; presently India has the fifth-largest economy in the world. According to India’s import-export data, India’s trade for the first eleven months of financial year 20-21 was 84.91 billion USD.
Our import export data can help you gain a deeper insight into operating an import-export business in India. The database helps to ensure underlying growth opportunities are not unnoticed. The information allows traders to map their price and volume strategy. They can use the data to look for new suppliers or buyers for their commodities.
As data in India export data, India exported products worth 255.92 billion USD in April-February 2020-21. The exports in the period showed a decrease of 12.32% to 291.87 billion USD from the exports from the same period in the previous year. India exported goods valued at 27.67 billion in February 2021. The following products that recorded positive growth in exports in February were oil meals, iron-ore, food products (rice, meat, poultry products, and dairy), carpets, spices, pharmaceuticals, and organic chemicals. Commodities showing negative growth in exports were petroleum products, leather, cashew, precious and semi-precious stones and jewelry, engineering goods, tea, and coffee.
The top export partners of India as per India export data are:-
- The United States
- The United Arab Emirates
- Hong Kong
- China
- Singapore
Import data India shows the commodities imported from April 2020 to February 2021 were 340.28 billion USD. In the period oil imports were fell by 40.18% to 72.08 billion USD. In February the trade deficit widens when imports increased by 7% to 40.55 billion USD. In February the non-oil imports went up by 16.4% and oil imports decreased by 16.6%. The top imports as per the import data India are:-
- Mineral oil
- Precious and semi-precious
stones and jewelry
- Electrical equipment
- Mechanical machinery
- Organic chemicals
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