Posts

Indonesia Imports and Exports Trade Statistics 2020-21

Image
The Republic of Indonesia is a large archipelago and is the largest country in Southeast Asia. Indonesia has the tenth largest economy in terms of PPP. It is open to foreign trade and investment. Indonesia is a member of trade bodies like G20 and is one of the driving forces in ASEAN. Indonesia customs data shows international trade was 37.3% of the GDP.  If we do study the Indonesia trade data , we learn that Indonesia had a trade surplus of USD 21.74 billion in 2020. With a trade surplus of USD 2.1 billion in December, Indonesia showed a trade surplus for eight consecutive months as exports increased and imports fell. Compared to 2019, exports fell by 2.61%, and imports fell by 17.34% in 2020. The Shipment data Indonesia shows the top trading partners of Indonesia are: China Japan The United States India Singapore Shipment data Indonesia contains imports and exports statistics of Indonesian trade . The database is based on the information collected from government officials, tr...

Indian Import Data: Valuable in International Business Trading

Image
India in South Asia is one of the largest countries in the world. India has historically traded with Europe, Asia, and Africa. After independence from British India had a closed economy, there was a huge surcharge on imported products. In 1991 the economy was liberalized, India’s economy improved tremendously. According to import data India, India imports 6000 commodities from 140 countries. Imports of goods and services were 23.64% of India’s GDP.  Import data India is created from documents (bill of lading, invoices, shipping manifest) collected from customs authorities, port authorities, shipping companies, and trade bodies. Some of the information present in the database is as follows:- • Date • HS Code and Product description • Unit Quantity and total quantity  • Shipment value • Importers name and contact details • Port in India • Country and port of Origin • Transportation mode According to Imports data India , 95% of commodities are imported through po...

India Export Data Yearwise: Fetch Customs Export Data of Indian Traders

Image
India is in South Asia. Before the British came into India, India had a trade relationship with several countries including China, Egypt, and Portugal. After Independence, India had a closed economy, India's economy improved dramatically after liberalization. Today India is the 10th largest exporter of services in the world. According to export data , India exports 7500 commodities to about 190 countries.  Studying India export data we learn the top 5 exporting states account for 75% of India’s exports. The top 5 states for exports in India are:- • Maharashtra    • Karnataka • Tamil Nadu • Telangana • Haryana Exports data India is collected from ports (seaports, airports, and ICD) across the country. The information is collected from various government departments, trade associations, and logistic bodies. Some of the custom shipment details contained in export data India are:- • Date of shipment • HS Code and Product description • Unit quantity and tota...

Search Import Export Shipment Data of Indian Trade

Image
India is the largest country in South Asia. India's neighbors are Pakistan, Bangladesh, Bhutan, Nepal, China, and Afghanistan. India has historically exported spices and textiles and imported precious stones and metals. According to import export shipment data , India exports more than 7500 commodities to approximately 190 countries and exports more than 4323 products from 220 countries.  Import-export information India shows imports in November were $33.39 billion while exports in November 2020 were valued at $23.52 billion. The lowest exports of 2020 were recorded in April 2020 when India imported $17.12 billion and exported $10.36 billion.  Import-export information India showed that total imports from April-October total imports were $182.29 billion while total exports were $150.14 billion. India’s trade deficit fell in 2020. The trade deficit was $9.87 billion. India went to a trade surplus of 790 million dollars in May 2020.  The Shipment data is a consolidated d...

HS Codes: Harmonized System Code of International Goods

Image
The World Customs Organizations developed the harmonized system code (HS Code) or the HS Classification system is a multipurpose international naming system to classify commodities in 1988. The WCO is an intergovernmental organization set up to improve the effectiveness and competency of the customs administration. Presently 200 countries around the world use the code. 98% of the commodities traded in the world are on the list. All goods crossing international borders need to be declared at customs using the HS Codes . HS Classification system is an integral part of international trade. The WCO maintains the HS code . The body adds new products to the code as per requirements. The code was last amended in 2017. Customs authorities, government regulatory, market research organizations, and private organizations agencies utilize the code. The harmonized system code is used to:- • Monitor and control goods  • Collect customs duties • Collect internal taxes • Monitor of contr...

How to get India Export Import Data Yearwise

Image
Import and export of goods and services are the two cornerstones of international trade. Every year India imports various commodities from around the world for its domestic consumption. It exports processed goods and raw materials to different parts of the world. Trade contributes to India’s economy. According to Exim data India , India’s global export rank is 18, and import rank is 10. We learn India imported over 4343 products from 220 countries. It exported 4450 products to 222 countries around the world.  Import export data is a vital piece of market intelligence that allows international traders to make their business plans based on concrete data, collected from port authorities. Our website is easy to navigate database that allows them to view each year. Traders can see changing customer preferences, the time required for shipping products. They can see the countries that trade with India and the changing dynamics between India and its trade partners. India export import dat...

Export Import Data Bank: Indian Exim Data 2020

Image
India had a protective economy, it became open to international trade after 1991. The economic reforms of 1991 deregulated import licensing. Traders could now import intermediate inputs and capital goods easily. The Indian economy improved considerably, and India is ranked 3rd in terms of PPP. The available import-export information in India shows that presently international trade is 43.3% of India’s GDP. Imports of goods and services were 21.36% of the GDP in 2019, and exports of goods and services were 18.86%. The trade data revealed international trade in India as a percentage of 32.5%. Our experts create the Exim data based on information collected from the import-export activity at the main custom ports (seaport, airports, and ICD) of India. The comprehensive database contains genuine shipping records.  Exim data India is used by importers, exporters, logistics companies, investors, attorneys, and government agencies. It can give business owners a deeper understanding of th...