Global Trade Data India

International or global trade is known as the exchange of commodities, capital, or services across territories. The reason behind engaging in this trading activity is because what a country produces cannot be consumed fully by its citizens. And to look on the other side, a country also cannot produce every kind of product that is consumed by its citizens. This is why global trade helps by maintaining a balance between the consumption and production of commodities of a country.

Global Trade Data

Global trade helps the countries and their citizens by allowing them to expose themselves to new products and markets. They can easily found each kind of product in these international markets starting from food, jewelry, stocks, water, spare parts, etc. Whereas services like consulting, banking, tourism, and transportation are also available.

Through Foreign export import data, traders get help to mark up the market trends and the basic details of new markets. The import data is based upon foreign commodities that provide traders with an opportunity to explore new scopes by giving relevant details about Indian exporters. These data hence keep all the enterprises up-to-date with the import and export of commodities and services from India.

International import export data help the businessmen to gather information about the suppliers or buyers and exporters or importers to analyze the flow of product in the market, price of product, taxes, and duty and the port. This statistical database allows the businessmen to analyze the market perspective and size of the country and also helps to monitor the existing competitors in the market.

Global trade data India reveals that the country ranks at 18th position among the127 exporters of the world whereas at 10th position among 127 importers of the world. As per the trade balance rank, the country stands at 12th rank. According to the trade statistics of the year 2019, India had made total exports of around 323,250,726,424 dollars. The total imports made in 2019 were 478,883,729,111 dollars. Thus the trade balance showed a value of 155,633,002,687 dollars. The percentage of GDP earned from the export of goods and services was 18.41. Imports of goods and services showed 21.14 percent of the country's GDP in 2019.

Through this data, you can also get to know about the exporting and importing goods of India. The top goods that are exported are oil & mineral fuels, precious stones & metals, industrial machinery, motor vehicle & parts, etc. The top import goods of India include oil & mineral fuels, precious stones & metals, electrical machinery, industrial machinery, etc.

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