What is the annual trade of India?

Siomex trade data discusses information on the flow of goods and services across international borders, typically collected by national statistical agencies and trade organizations.

The import export data of India shows that India is a country that is very diverse It is not only known for its rich cultural heritage but also for many activities.

There is one thing that is very important for the country which a crucial component that propels the nation forward on the global stage.

If you are someone who wants to know about annual trade of India

In this blog, we will lookf India's annual trade for the year 2022 exploring its factors that shape this thing

Overview of India's Annual Trade

India's annual trade in the last year which is 2022 was around $191.8 billion with exports to $73.0 billion and imports at $118.8 billion.

This exchange of goods and services plays a very important role in the economic growth of the country which is around a good portion of GDP

The trade data India also shows that United States is India's largest trading partner with exports of goods and services to the United States worth $102.3 billion.

This trading as well as Political relationship is an example of India's trade interactions.

Exports

India's top exports include Refined Petroleum, Diamonds, Packaged Medicaments, Jewellery and Rice.

These products shows the diversity of India's export portfolio which starts from traditional commodities to high value goods and services.

 Import

 India's top imports consist of Crude Petroleum, Gold, Coal, Diamonds and Petroleum Gas.

These imports are crucial for meeting domestic demands and fueling various sectors of the economy, highlighting the interconnectedness of global trade.

The trade deficit with the United States was $45.7 billion in 2022. Understanding and managing trade imbalances are essential for sustainable economic growth and this deficit figure reflects India's trade relations.

Contribution to GDP

India's foreign trade accounted for 48.8% of its GDP in 2018. This statistic shows the integral role of trade in India's economic landscape emphasizing its importance as a driver of economic development.

1.Government Initiatives

The Indian government's initiatives like  'Make in India,' Digital India and Goods & Services Tax (GST)  plays a important  role in shaping the trade policies and creating a conducive environment for commerce.

  1. Future Trends

 As India continues to grow in the global economic stage using digital technologies while  looking for new markets and doing sustainable practices are key elements in the future trajectory of India's trade landscape.

Conclusion

The following was the summary of annual trade of the year 2022 . If you wish to learn more about such trade related information then visit Siomex.

http://mehfeel.net/mehfeel/forum/topic/60200  
https://www.nitrnd.com/blogs/77633/What-is-the-annual-trade-of-India 
https://www.soft-clouds.com/blogs/69817/What-is-the-annual-trade-of-India 
https://www.siomex.com/keysearch/159/a/import-export/pakistan-product-key 
https://joyrulez.com/blogs/371794/What-is-the-annual-trade-of-India 
https://kryza.network/read-blog/9598 
https://www.siomex.com/keysearch/21/a/import-export/belgium-mt-product-key 
https://www.wowonder.xyz/read-blog/34439 
https://www.shtfsocial.com/blogs/109184/What-is-the-annual-trade-of-India 
https://us.newyorktimesnow.com/read-blog/35767 
https://vherso.com/read-blog/139937 
https://www.siomex.com/keysearch/277/a/import-export/netherlands-mt-product-key 
https://insta.tel/read-blog/27328 
https://baitk.com/read-blog/97340 
https://socialblast.club/read-blog/21332 
https://www.siomex.com/keysearch/273/a/import-export/taiwan-mt-product-key 
https://tweecampus.com/read-blog/55006 
https://www.palscity.com/read-blog/244202 
https://unifyinglegends.com/read-blog/4792_what-is-the-annual-trade-of-india.html 
https://talkin.co.ke/read-blog/25942 
https://www.siomex.com/keysearch/26/a/import-export/bolivia-product-key 
https://www.cyberpinoy.net/read-blog/11596 
https://friend007.com/read-blog/98498 
https://insta.tel/read-blog/27361 
https://www.siomex.com/keysearch/275/a/import-export/united-arab-emirates-mt-product-key 
https://justnock.com/read-blog/4709 
https://www.addonface.com/read-blog/25310 
https://travelwithme.social/read-blog/23129 
https://www.siomex.com/keysearch/276/a/import-export/vietnam-mt-product-key 
https://kemetium.com/read-blog/42414 
https://amarface.com/read-blog/4015 
https://www.my-conect.com/read-blog/7093 
https://www.siomex.com/keysearch/13/a/import-export/australia-mt-product-key 
https://poprize.com/read-blog/10280 
https://steamitglobal.com/read-blog/3606 

 

 


Siomex Data

34 Blog posts

Comments