Import Globals

The trade statistics of India includes exports and imports by partner and products, tariff, and relevant development index. India has burgeoned to a leading trade partner in international acumen. India exports around 7500 commodities to about 190 countries and imports around 6000 commodities from 140 countries. India is currently known as one of the most key players in the global economic landscape. The progressive government reforms and inherent economic strengths have attributed to its standing as one of the most sought-after destinations for foreign investment all across the globe. As per India Import Data , the key exports of the country are engineering goods, petroleum products, gems and jewelry, agriculture products and textiles. Other major exports include tea, spices, tea, coffee, tobacco in agriculture along with iron and steel. The major export partners of India are The United States of America, the United Arab Emirates, China, Hong Kong, and Bangladesh. With the unprecedente...

 HS codes or the Harmonized system of codes are used commonly throughout the export process for goods. It is a common standard code for describing the type of commodity all across the globe. At the global level, HS code is a six-digit code system for classifying goods. One can find out the Global Export Import Data of any country by HS code. There are thousands of HS codes and each code describes specific goods. All customs agencies are able to identify these goods easily using the codes connected with the particular commodity. HS codes are used greatly by over 200 countries that are contracted to the convention on the harmonized commodity description and coding system. Custom authorities not only use HS codes to track what goods are being shipped but also use them to apply relevant custom duties, taxes and regulations. The government also uses HS codes to collect global trade statistics and create tariffs. HS codes are used by private companies to monitor goods, develop and promo...