India is a developing country, well-known for being the top trading country in the world. In the present scenario, despite India having promising growth, exports are not sufficient to enhance economic growth. Imports are also necessary, as no country is self-sufficient. India has a great manufacturing capacity and utilizes its precious raw materials to accomplish domestic and foreign demands. In this globalization era, exports are crucial for the Indian economy and global trade.
If you have a business, and are looking for export and import data, to connect to the global market, then, you must get the list of export companies in India and import companies from 99datacd.
Import and Export Percentage in India
India’s total percentage of imports and exports to its GDP was 33% in 2022. The ratio of imports and exports has increased to 26% compared to previous years. In terms of total exports, India ranked 18th, 12th in imports, and 158th in the GDP per capita according to the reports of the Economic Complexity Index ( ECI).
India is an export destination
India’s top exporters are Asia, Europe, North America, and the Middle East markets. The US is the prime export destination of India, where products of different kinds are exported for almost $35.9 billion. India exports some of the essential products to the US market like rice, agricultural products, diamonds, and medicines. Apart from that, UAE is also the main export destination of India, the export made is estimated to be $ 29.6 billion. Some products exported to the UAE are refined petroleum products, coal-based items, and jewels. The UK imports some products like apparel, machinery, and agricultural products. If you want to know which companies are exporting outside India, get the exporters India list from 99datacd, the one-stop solution for your data requirements.
India’s largest import destination
According to the statistics of Customs Data, India’s biggest importer is China. The main imported products from China are electrical, mechanical equipment, organic chemicals, nuclear reactors, mineral fuels, and oils. Saudi Arabia ($30 billion) and the UAE ($24.4 billion) export Crude petroleum to India. Apart from that, nuclear reactors, machinery, optical photography equipment, pharmaceutical products, and electrical machinery are exported from Switzerland worth &21.3 billion. $18.2 billion valued machinery, precious stones, aircraft, and electrical equipment are imported from the US. For more details about import companies, get the India importers list from 99data, the last resort to accomplish your business goals.
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