Indian Trade Data- Trade Statistics Report for Traders

India is a densely populated and large country in South Asia. Trade data shows that India has trade relationships with over 190 countries around the world. Today India has the third-largest economy in terms of PPP. After the 1990s India opened up its economy and has taken decisions to globalize further. Indian import-export trade data indicates total imports are 21.4% of the economy and exports were 18.41% of the economy. 

What is Trade Data?

Trade data are export and import statistics collected from ports of a country. We can organize the data by period, country, or product. 

The information for the trade data database is collected from import-export documentation. It typically contains information like – Shipment date, consignee name and contact details, shipper name and contact details, HS code of the product, product description, port and country of discharge, port and country of arrival, Total and unit quantity, price, and value, custom duty, mode of transportation, etc. 

What are the Advantages of Trade Data?

Importers and exporters use trade data as a reference guide before taking any major decision. Analyzing the data is a useful tool to increase revenue. 

Trade data contains both shipper and consignee data with their contact details. Traders use this information to filter out companies buying or selling their products. Exporters make a foolproof strategy to increase their consumer base. Importers look for alternatives to procure products.

Traders examine the trade data to understand prevailing market conditions. They can formulate price and volume strategies. They can look for hidden markets.

Traders wishing to diversify examine the trade data to identify market trends. They can do a risk assessment by analyzing historical data and understand the potential of the product. 

Large countries like India have varied demand, importers study trade data to understand demand in a particular region. 

Indian Trade Data – The Trade Deficit

Indian trade data can reveal if India has a trade deficit or surplus. The trade balance is the difference between a country’s imports and exports over a fixed period. A positive trade balance or trade surplus indicates exports are greater than imports, while a negative trade balance indicates imports are greater than exports.

Indian trade data shows that India has a negative trade balance. India’s trade balance in FY 21 narrowed to 98.56 billion USD against 161.35 billion USD the previous financial year. 

Indian trade data shows trade deficit from April – May 2021 is 21.38 billion USD. The trade deficit shrank by 8% in this quarter.

Indian Trade Data – Top Trade Partners 

Indian trade data revealed that China overtook the US to become the largest trade partner in 2020. The bilateral trade between India and China was 77.7 billion USD. Imports from China were 58.7 billion USD and exports were 19 billion USD.

Global trade was low-key because of the Covid-19 pandemic. Indian Trade Data showed that the trade relationship between the US and India was strong and total trade between the countries was 75.9 billion USD. 

As per Indian Trade Data, other top trade partners were the United Arab Emirates (43.18 billion USD), Saudi Arabia (22.043 billion USD), and Iraq (15.78 billion USD). 

According to Indian trade data, the EU or European Union is the third-largest trading partner with trade amounting to €62.8 billion.

Indian Trade Data – Top Ports 

Examining the Indian trade data we learn that 95% of India’s foreign trade occurs through the sea. India’s ports are strategically placed on the International North-South trade corridor (INTSC). India has a long coastline with 12 major ports and 205 minor ports.

Nhava Sheva Port or JNPT is the most active port in India. Indian trade data shows it handles 5.05 million TEU and 56% of India’s container traffic. The Nhava Sheva Port or JNPT has been featured in the top 30 ports of the world. 

Port of Mudra is the second busiest port. As per Indian trade data, Port of Mudra has annual traffic of 4.4 million TEU. The port is well connected to the rest of the country by road and rail. It has the world’s largest coal import terminal. 

The Indian trade data shows that the Port of Chennai has annual traffic of 2 million TEU. Port of Chennai is the biggest port in the Bay of Bengal. It has an artificial all-weather port. 

Port of Kolkata is the largest riverine Port in the country and is also the oldest port. The Indian trade data shows the port of Kolkata can handle cargo of 796,000 TEU.

V. O. Chidambaranar Port (VOCP) is the fifth-largest port. The Indian trade data showed it gets shipments from China, Europe, Sri Lanka, and the USA. 

Indian Trade Import-Export Data – Top Exports in India

As per Indian trade import-export data the total exports in FY21 were 275.5 billion USD.

Indian trade import-export data shows the top exports in India are – mineral fuel including oil (27.6 billion USD), gems and precious metals (24.5 billion USD), pharmaceutical products (18.4 billion USD), machinery including computers (18.4 billion USD), and organic chemicals (17.4 billion USD).

Examining the Indian trade import-export data showed we learn that cereals showed the steepest growth (22.7%). This was followed by pharmaceutical products(13.3%), and iron and steel (8.8%). 

Indian trade import-export data reported that mineral fuel and oil showed the steepest decline of a whopping 37.7%.

Indian Trade Import-Export Data – Top Export Partners

The Indian trade import-export data revealed India's top export partners are the US (49 billion USD), China (19 billion USD), the United Arab Emirates (17.9 billion USD), Hong Kong (9.53 billion USD), and Singapore (8.29 billion USD).

From Indian trade import-export data, we can infer 46.9% of India’s export destinations were to countries from Asia, and 20.1% of exports were to North America, and 18.7% to Europe. 

Indian Trade Import-Export Data- Top Imports in India 

According to Indian trade import-export data, total imports in 2020-21 was 368 billion USD.

Examining the Indian trade import-export data we learn the top imports in India are – mineral fuel including oil (104.4 billion USD), electrical machinery (42.9 billion USD), gems and precious metals (41 billion USD), machinery including computers (35.2 billion USD) and organic chemicals (18.2 billion USD).

The Indian trade import-export data shows that the import market was mostly sluggish with animal, vegetable, and fats the only sector in the top ten registering a growth of 7.8%.

Studying the data from Indian trade import-export data, we learn sectors that showed a sharp decline were iron and steel (36%), mineral fuel (31.6%), and gems and precious metals (30.3%).

Indian Trade Import-Export Data – Top Import Partners

According to Indian trade import-export data, India’s top import partners are China (58 billion USD), the United States (26 billion USD), the United Arab Emirates (23 billion USD), Saudi Arabia (17.7 billion USD), and Iraq (16.1 billion USD).

Analyzing the Indian trade import-export data, we learn that India imported 62% of goods from Asia, Europe was a significant import partner with 15.9% of imports and 8.8% of imports were from North America. 


More info contact us : https://www.exportimportdata.in/indian-trade-data.aspx


 


Comments

Post a Comment

Popular posts from this blog

Partner with Indonesia Import Export Data For 100%

Image
Trading is the oldest form of business being conducted all around the world. Nowadays, almost everyone is into trading to earn some extra income. We, here at Indonesia trade data provide 100% accurate and verified data related to trades going on in countries or between two countries to passionate investors like you. We have a team of expert professionals who keep on updating various business leaders partnered with us to keep them ahead in the trading competition.  If we talk about Indonesia Export Data , it is one of the countries which is seeing a rise in its trade and commerce department. This country is counted among the top developing countries in the world and is in need of support for the export of goods that they can’t grow or manufacture on their own. This presents an excellent opportunity for investors who are planning to broaden their Export Chain. During covid-19, Indonesia also took the hit by having less than expected amount of import or export coming their way but their
Read more

Everything You Need to Know About Indian Trade Data

Image
Despite Covid 19, the Indian Trade Market has witnessed a shocking rise and this is directly and positively linked economic growth of the nation. Are you also planning to invest in Indian Trade Data ? If yes, then you are making the very right decision in the current situation as various business leaders are earning a lot of profit by investing in Indian Import Export Trade Data. Not only this, but the Import Data Experts also predicted India to become the world’s third-largest importer by 2050. This fact was released by the UK’s Department of International Trade.  If we talk about the present scenario, then India is positively securing the eighth position in the list of the largest importing nations. A lot of people like you are wondering that how India will manage to position on top in near future. So, let us clear all your doubts! At Export Import Data, we are offering deep insight to our clients for Indian Import Export Trade Data so that they can give a push to their business to
Read more

Find Kenya Trade Data

Image
The trading system employed in Kenya is primarily that of the General Trading System specified in the Commodity Index of the United Nations with a small variation to Kenya. However, importations and exports are listed as special trades from the export processing areas. Trade Agreement The United States signed the TIFA (Trade and Investment Framework Agreement) in 2008 and with the East African Community (EAC) in 2001. Both provincial bodies are members of Kenya. The United States Trade and Investment Relationship with the East African Community is now heading the USTR Africa Office. Trade Facts Between the US and Kenya In 2019, Kenya's GDP (current exchange rates) was projected to be $98.6 billion; actual GDP was estimated at 5.6 percent, and the population was 49 million. (The IMF source) Kenya is our 96th biggest trading partner with a net (two-way) exchange in products in 2019 of $1.1 billion. Exports of goods 401 million dollars and imports of goods amounted to 667 million doll
Read more