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Benefits & Uses Of Indian Export Import Data

INDIAN IMPORT DATA FOR INDIAN IMPORTERS

Indian Import Market Overview

India is the seventh largest country in the world in terms of its land mass, number ten in the world for the size of its economy by GDP, and the fourth largest international economy in purchasing power equivalence. This means that in Indian Import market has a huge potential. This potential provides huge opportunities for global suppliers / exporters as well as Indian buyers / importers.

India's total external trade (both export and import) in the year 2008-09 has increased to Rs.20,72,438 crore. from Rs.91,893 crore in 1990-91. India’s economy has grown by about 7.5% yearly since 2000, and that rate is predicted to increase. In 2008-09 total indian imports was Rs.13,05,503.

  • Items Imported In India
  • Indian Trade With Other Countries In Terms Of Import Trade Share
  • Civilian aircraft
  • Diamonds
  • Chemical fertilizers
  • Telecommunications equipment
  • Organic chemicals
  • Other petroleum products
  • Computer accessories
  • Jewellery
  • Medical equipment
  • Industrial machines
  • Military vehicles
  • Military clothing & footwear
  • Beverages and tobacco
  • Collectibles (e.g. artwork, antiques, stamps)
  • Engines for military aircraft

Items that registered a significant growth in import are Pearl, Precious & Semi-Precious Stones, Crude & Manufactured Fertilizer, Coal, Inorganic Chemicals, Project Goods, etc.

Asia and ASEAN accounted for 61.7 per cent of India's total imports during the period followed by Europe (18.7 per cent) and America (10.1 per cent). Among individual countries the share of China stood highest at (10.7 per cent) followed by Saudi Arabia (7.1 percent), UAE (6.4 percent) and USA (6.0 percent), Iran (4.3 percent), Switzerland (4.2 per cent), Germany (3.6 per cent), Kuwait (3.4 percent), Nigeria (3.2 percent), and Iraq (2.8 percent).

In India importing goods is a very competitive business. Daily new businesses are entering into the import market making it increasingly difficult for the existing players to be at equivalence. Augment in import also bring in new and better source of global suppliers.

If you are in an import oriented business your competitiveness will depends on the following knowhow:-

  • Accurate knowledge of your competitor’s activities
  • The knowledge of any new source of supply
  • The knowledge of new products
  • The knowledge of the most profitable products
  • The exact inventory status of goods imported in the country
  • The pricing at which the goods are imported
  • The best classification of the imported goods to avoid hassle with customs authorities
INDIAN IMPORT DATA FOR FOREIGN IMPORTERS
INDIAN EXPORT DATA FOR INDIAN EXPORTERS
INDIAN EXPORT DATA FOR FOREIGN BUYERS

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