Cybex believes that international foreign trade data and native country's trade data play a crucial role in forecasting
the success rate of importing and exporting organizations worldwide. Without the knowledge of how your
government functions amid the import-export industry, one cannot figure out the answers to two questions that are
genuinely important:
- What is in demand?
- What is the scope of its import-export business?
Let's suppose: you are investing in import-export of meat amid COVID-19 without acknowledging the fact that meat is
not in demand right now. The reason being, India occasional (and even a few percent of regular) consumers of meat
are staying away from it because it may increase the risk of CoronaVirus. Thus, if you invest in such a business at this
point of time, you will really be at a great loss. Now, in India, importers are focusing on importing lab-made meat.
That's right! Hence, this is a perfect example of how to use India trade data?
India trade statistics allow the importers and exporters to figure out their scope of success. You can now grab India
export data monthly reports on Cybex.in. It is an easy online platform to get all the information you need to build a
new import-export business strategy or find genuine importers and exporters in foreign countries.
On the given website, you can view India trade data by category of commodities. For example:
By using such short keywords on Cybex.in, you can view an endless number of exporters of onion, cashews, chicken,
mushroom, and whatnot. You can also view data by commodity, by year, by product, by month and year, etc.
Everything you need to know about India Trade Data
While studying India's current situation, there are many pitfalls in import-export businesses. However, the scope for
pharmaceutical products, hospitality, household cleaning products, and such products is high. Therefore, if you are
planning to begin an import or export business in India, you must acknowledge a few facts about India's current trade
data:
How much of India's GDP is trade?
In 2019, India's GDP was 2.87 Lakh Crores USD. By definition, Gross Domestic Product is the market monetary value
of finished products and services in the country's market (excluding which are exported already). Now, as compared
to the United States, India's GDP is much less. However, it has grown by 4% in the past year. In 2020-2021, India's
budget predicts the GDP to grow up to 134.4 Lakh Crore Rupees. Meaning, the government is forecasting at least 7%
to 10% growth.
To achieve this borderline, India's Prime minister Mr. Narendra Modi has also launched an Atma Nirbhar Bharat
Abhiyan. According to the silver lining of this movement, India has stopped importing many and many products from
China. Instead, it has begun to produce and manufacture products in the country.
- In 2018, India's trade to GDP ratio was 43% approximately.
- In 2019, This ratio declined by 3.85%, i.e.., 39% approximately.
If we dare to calculate an overall average ratio, it's be 23% (for imports) and 19% (for exports).
What is India's total import?
According to the India import data, the total import is 617946 million USD. On the other hand, the export is almost
half of it, i.e.., 322292 USD. Meaning, currently India is facing a negative trade balance, i.e.., deficit.
Who is India's biggest trading partner?
Do you know? India depends on over 15 countries to fulfill its populations requirement for products and services
which are not manufactured or produced or provided in India. If specifically stated, presuming that, some
manufactured or produced or provided in India, they may be not sufficient. Therefore, India highly depends on the
United States for 17.9% imports. Hence, the USA is the biggest trading partner of India.
On the other hand, China also contributes by 7% imports to India. Further, UAE, Hong Kong, Singapore, UK,
Malaysia, Saudi Arabia, Nepal, Bangladesh, Vietnam are also India's trading partners with 6% to 1% accountability of
imports.
What is the percentage of India in World Trade?
According to the India Trade Statistics, India's share of total exports is 1.67%. On the other hand, India contributes to
world trade by its 3.54% share.
How do I find my import information?
There are multiple sources for finding import-export information in India. However, it can be challenging to find
information about by-products, commodities, year, month, etc. DGFT is one of the top sources of information. If
DGFT is not enough to rely on, you can also try finding import information on www.Cybex.in.
On this site, you can subscribe and become a member. You can view India Trade Statistics, China import-export data,
USA import-export data and so on. Not only this but you can also find data connecting to particular commodity by
using search keywords like:
What is India the largest exporter of?
To begin with, India is the largest exporter of processed petroleum oils. In 2020, India exported processed petroleum
oils worth 26 billion USD approximately. In the 2nd rank, India largely exports pharmaceuticals (worth 16.5 billion
approx). Further, diamonds (15 billion), Rice (7 billion), and automobiles (4 billion USD).
What is the export percentage of India?
For the most part, India's export percentage contribution in Gross Domestic product is 19.74%.
What is India's Export Value?
The total value of products exported from India is 48380 million USD. Import on the other hand is 131660 million
USD approx.
What is EXIM Data?
Exim stands for Export-Import. Export-Import Data bank of India allows its potential importers and exporters to
acquire real-time data information that they need to proceed trade partnering with other countries.
Want to know more about Indian Trade Portal? Get in touch with our experts at www.Cybex.in.