India Import and Export Data- Numbering India’s health

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The data are meant for financial purpose to deal with foreign trade and commerce and these are extremely beneficial.

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India Import and Export Data- Numbering India’s health

  1. 1. India Import and Export Data- Numbering India’s health Summary – The data are meant for financial purpose to deal with foreign trade and commerce and these are extremely beneficial. India Import and export data can be used as cornerstone when judging the financial health of the nation. Exports are broadly defined as the products a country buys from another country or group of countries in exchange of a commonly accepted currency. On the other hand imports are what a country buys from another country or a group of countries in exchange of a commonly accepted currency. Often the commonly accepted currency is the US Dollar or the Euro. The data provided by India imports and export data is often used by various international banks and financial agencies when developing a financial picture of the country. The following part of the article will deal with the major imports and exports of India and the rupee value of such goods. It is to be noted that all the below given data is relevant to the period of April 2013 to September 2013. Exports of India: The major exports of India are: • Natural or cultured pearls, semi precious metals & metals studded with precious stones- 12310877.36 • Vehicles other than rail wagons and spare parts there off- 3679590.83 • Furniture, bedding and related articles- 314647.52 • Electrical and electronic equipment and related articles- 3012495.04 • Pharmaceutical products- 3114031.44 Exports help bring in precious foreign currency into the country, which betters the health of the economy. India import and export data tells us that most of the foreign currency that comes into the country is used to buy essential foreign products like mineral oils, animal and vegetable oils, nuclear and traditional power generation material. Imports of India: Some of the major imports of India are listed below along with the rupee value of the imports. It is to be noted that all the data given in the list below is relevant for the period from April to September 2013. • Mineral fuels, oils and products of their distillation and related articles53785510.66
  2. 2. • Electrical machinery and related articles- 8608974.93 • Precious gems and precious metals and related articles- 20130747.67 • Miscellaneous chemical products- 3017714.28 • Plastic and related articles- 3117416.31 Imports are often discouraged by governments on the grounds that they drain the economy of precious foreign currency needed for the development of the nation. To curb the flow of imports governments often apply high custom duty on the import of certain of certain articles which often increases the price of the imported products. India Import and Export data also tells that the numbers might not look good for the foreign currency situation right now but with current trends of exports the picture of the Indian economy will look bright within this decade. Looking into the numbers it is a smart time to be exporting as well as importing goods in India. To know more details about Indian imports data, Indian exports data, International trade data, Global data provider, or many other types of import/export data such as data import/export by port wise, you can visit our website www.seair.co.in

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