India is in South Asia, it is a populated country. Even though India has a well-developed domestic market, there is a growing demand for imported commodities in Indian markets. It has now emerged as a leading power in the international market. Entering the import market is not easy as Indians expect the best quality products at reasonable rates. The Indian import data can be a starting point to give importers a strong basis to formulate a sound business strategy.
The salient feature of import data India is that it gives access to a large number of credible leads to contact exporters dealing with the product. The database can help traders study and be prepared for potential roadblocks. All trade happening in major ports, ICD, land ports, and airports are covered by the database. The India import data is updated regularly allowing importers to modify their plans if required. They can find alternate sources to procure their product. Importers can find alternative products to diversify.
Traders often have queries before importing new products – at what price and volume will they import the product? The country from where they will import? And how will they transport the product (air or sea)? Our import India data can comprise these questions as it contains the product description, harmonized code, its quantity, prices, duties, mode of shipment, country of origin, etc. The information provided helps importers to decide where they will import. They can study varying market trends and make a realistic projection on future demand for various products.
The import data India shows top commodities imported into the country were:-
- Mineral oil, fuel, and wax
- Electrical machinery and appliances
- Pearls, precious stones and metals
- Nuclear reactors, boilers, mechanical machines, and equipment
- Organic chemicals
India’s oil import bill was lower as oil prices were cut by 8%. Other major imports were vegetable oils, plastics, iron and steel, and fertilizers. Oil imports slumped by 10.89%.
The Indian trade data for 2020-21 showed that India imported products 388.92 billion USD compared to 474.71 billion USD in 2019-20. In the last month of the financial year, imports stood at 48.12 billion USD compared to 31.47 billion USD, showing a massive 52.89% jump. The top import partners are China, the US, UAE, Saudi Arabia, and Iraq. The data showed that imports from China fell by 17%, imports from the US fell by 36% and imports from UAE fell by 33%.
Export Import Data India 