Impact Of Global Import-Export data on International Trade Markets

 EXiM trade data gather and consolidate the cross-border commerce and import-export trade of more than +230 markets across the globe to provide access to Global Import-Export Data.

Making EXiM trade data one of the best and largest international import-export trade database services providers in the world.

We at EXiM trade data provide assistance to various businesses ranging from manufacturers, Importers, Exporters, research companies, brokers, banks, and logistics & shipping companies to expand and take their business to a greater level. Get instant access to the world’s import-export data with EXiM trade data.

Market Analysis Of Turkey Trade Statistics

Turkey trade statistics is a collection of data that is recorded and based on factual information such as invoices, import-export bills, shipping bills, and some other import-export documents required across international borders for trading goods.

The analysis we provide on Turkey import-export data is sourced from Government Bodies, Logistics & Shipping Companies, Authorized Indian Customs Departments, Port Authorities, and some other authorized links.

Turkey Import Data Year Wise

➢ In the year 2019, Turkey’s Import was $249.30 billion, an increase of  2.6% compared to the year 2018.

➢ In the year 2020, Turkey’s import was $205.73 billion, a decline of  17.48% compared to the year 2019.

Top Imports Of Turkey And Its Major Import Partners

Optical Photographic, Medical Equipment (2.1%), Pharma Products (2.2%), Machinery (11.5%),

Pearls and Precious Stones (12.1%), Electrical Machinery and Equipment (7.8%), Iron and Steel (6.8%), Plastics (5.3%), Organic Chemicals (2.6%),  Vehicles (6.9%), as per Turkey’s Import trade statistics.

Based on the market research reports and Turkey’s Import data United Arab Emirates (USD 5.6 billion),  Germany (USD 21.7 billion), South Korea (USD 5.7 billion), Russia (USD 17.8 billion), Italy (USD 9.1 billion), Iraq (USD 8.2 billion), Switzerland (USD 7.7 billion), France (USD 6.9 billion), United States (USD 11.5 billion), and China (USD 23.0 billion) are some of the major import partners of Turkey.

Looking Into Indonesia Export Data & Its Export Statistics

Indonesia export data is a collection of data that is recorded and based on factual information such as invoices, import-export bills, shipping bills, and some other import-export documents required across international borders for trading goods

The analysis Exim provides on Indonesia import-export data is sourced from Government bodies, Logistics & Shipping Companies, Authorized Indian Customs Departments, Port Authorities, and some other authorized links.

Top Exports Of Indonesia And Its Major Export Partners

Iron & steel ($7.3 billion), Electronics ($9 billion), Animal -Vegetable Fats & Oils ($17.6 billion), Vehicles ($8.1 billion), Mineral Fuels & Oils ($34.1 billion) are some of the top imports of Indonesia.

According to the market research reports and Indonesia Export Data Philippines (4%), Singapore (7.7%), India (7.1%), Thailand (3.7%), South Korea (4.3%),  Vietnam (3.1%), Malaysia (5.2%), Japan (9.5%), the United States of America (10.7%), China (16.7%) are some of the top export partners of Indonesia. 

Are You Looking PAKISTAN’S TRADE STRATEGY and Data for Pakistan Importer Data

 What are the objectives and development does Pakistan’s trade policy and strategy look to achieve? For the last forty years, many developing economies and countries have captured the coat-tails of the global trade boom and jumped up the growth ladder by following an export-led growth strategy. 

This strategy has frequently not been incorporated into a broader “ industrial policy” which has yet to accelerate industrialization while engineering a fabrication transformation of the economy; initially stepping from agriculture to industry, and later labor. From intensive low value-added exports to capital-intensive production involving innovation and technological sophistication.

With hardly any exceptions, the most successful arising economies of today have pursued an export-led trail for growth. While this growth strategy includes a myriad of policy interventions, each successful exporting nation follows a series of policies tailored to its specific needs & requirements. The general elements are as follows:

❖ Administration of export incentives

❖ Subsidized credit 

❖ A depreciate exchange rate 

❖ Selective liberalization of imports

While India may be quoted by some as an example of an economy that developed without a clear export-led strategy, the unprecedented growth in its manufactured exports over the past two decades has been a significant driver of growth. For example, while China’s exports have increased more than six-fold since the year 2000, India’s exports have grown more than five-fold, placing it second in the list of top-performing exporting countries during this period. Other top-performers have been Turkey, Vietnam, Bangladesh, and Cambodia.

Comparatively, Pakistan’s exports have grown 2.7 times during this period, making it one of the low achievers on this score.

It’s obvious, Pakistan has not done well in this regard. It is difficult to understand a clear long-term strategy that Pakistan has adopted with respect to export promotion over the past three decades, except in the Ayub-era push towards rapid industrialization, where a number of incentives were provided to industry and the export sector.

If anything, seeable and absurd- patterns appear when Pakistan’s trade administration and performance in recent times is critically examined: the policymakers of the country have a definite import bias rather than a distinct export bias.

The most conspicuous illustration of anti export policy bias and the almost unwanted emphasis on imports dates from the Musharraf Shaukat Aziz period. The nominal exchange rate was kept firm for several years, resulting in a real recognition of the rupee at a time when almost all successful exporting countries were actively using the frail currency as a policy tool to boost their exports.

Additionally, the State Bank of Pakistan unlatched the pecuniary tap and began downpouring the economy with cheap loans. A large portion of this credit was used to finance import-based consumption and subsequently, hundreds of billions of consumer loans were written off from banks’ balance sheets as myriad SBP- engineered credit bubbles burst.

In addition, import tariffs were drastically reduced. Pakistani negotiators signed on to lower ‘binding’ tariffs under the WTO than other developing countries. And above all, Pakistan went ahead and signed a Free Trade Agreement with China in the year 2006-only the third country to do so.

As a result of these erroneous policies, Pakistan’s imports increased, far exceeding exports, setting the stage for the biggest crisis of payments in the country’s history. To put this in perspective, as of 2008, the country’s imports exceeded US$40 billion, with exports funding less than 50% of the import payments.

More disastrously, the country’s manufacturing sector was hit by the opening up of all kinds of imports. At a time when the share of manufacturing in GDP increased in many countries of Asia, the share of Pakistan’s manufacturing sector in GDP decreased, as did its share in employment and new investment. During this period, many industries either closed down or came under pressure, including the manufacture of footwear, ceramics, and tyres. Massively low invoices and uncontrolled smuggling have compounded the industry’s problems.

While Pakistan has gone down the path of full-scale opening up of imports into the economy, successful exporting nations have adopted a more cautious liberalization of imports, restricting free imports into the export sector through bonded warehouses and export processing zones.

Some enthusiasts of “free trade” trust that the economy needs efficiency-boosting “constructive destruction”, and opening up to import is an upright way to achieve this. Despite the appeal of the free trade argument, no country exercises this approach. Therefore, the United States protects its auto, steel, and financial services industry- and deliberately subsidizes the agricultural and defense sectors. Japan protects its steel, agriculture, etc. whereas South Korea guarded shipbuilding for years, while the European Union has granted thousands of billions in subsidies for its “incompetent” agriculture.

Furthermore, to reduce the level of security of domestic agriculture and industry at a time of serious provocations such as the internal security circumstances and the energy predicament of the past seven years, and expect these sectors to enhance their efficiency under such circumstances and in some cases in opposition to subsidized competition are a prescription for disaster.

CONCLUSION

Pakistan needs to update its current import-export strategy and should learn from the policy experience and current exercise of big & successful economies, including India, and proceed towards greater liberalization in a phased and systematic manner.

For any query related to import-export trade data, you can connect with us at info@eximtradedata.com.or Visit site: https://www.eximtradedata.com

All About India Import-Export Data

 To derive business intelligence from custom and trade import data, businesses require fast, responsive, and easy-to-understand business strategies to acknowledge the current global environment, grab potential opportunities, and stay ahead of their competitors.

Import-export data that we offer consists of data that contains crucial detail of all the necessary fields associated with shipment data of India. Product Description, Total Value USD, Foreign, Date, HSN Code, Port Name, Unit, Quantity, etc are some of the major fields of trade business.

The analysis we provide on India Import-Export Data is sourced from Government Bodies, Logistics & Shipping Companies, Authorized Indian Customs Departments, Port Authorities, and some other authorized links.

The Global Import-Export Data provided by EXiM trade data is designed to help businesses analyze the current market environment, demand, and the current flow of the import-export trade market in real-time. You can get instant access to multiple import-export trade data with EXiM trade data.

What Are India’s Major Imports & Exports?

The given below are the names of India’s top imports and exports as per the India import-export statistics and trade data.

TOP Imports of India:

 Electronics ($50.8 billion total imports), Mineral Fuels & Oils ($152.6 billion total imports); Organic Chemicals ($20.5 billion total imports), Industrial Machinery and Parts ($44.5 billion total imports), Pearls, Precious Stones and Metals ($58.9 billion total imports);  and so on are some of the top imports categories of India. As per the statistics of India import trade data, Mineral Fuels & Oils are one of the most demanded products.

TOP Exports of India:

Organic Chemicals ($18.2 billion total exports), Vehicles ($17.4 billion total exports), Industrial Machinery and Parts ($21.3 billion total exports), Organic Chemicals ($18.2 billion total exports), Pearls, Precious Stones and Metals ($36.7 billion total exports), Vehicles ($17.4 billion total exports), Mineral Fuels & Oils ($44.5 billion total exports) and so on are some of the top exports categories of India. According to India trade statistics, India is considered as one of the major exporters of Mineral Oils & Fuels.

Which Countries Are India’s Major Import-Export Partners?

Major Import Partners of India: The USA with a share of 7.3% ($34.9 Billion), China 14.3% ($68.4 Billion), UAE 6.3% ($30.3 Billion), Saudi Arabia 5.6%, South Korea 3.4%, Iraq 4.6%, Indonesia 3.3%, Singapore 3.1%, Switzerland 3.7%, Hong Kong 3.6%, and other 44.8%. According to market research reports and India import-export trade statistics,  China has always been one of the major in trading relations with the country.

Major Export Partners of India:  USA 16.8% ($54.3 Billion), UAE 9.1% ($29.5 Billion), China 5.3% ($17.3 Billion), Hong Kong 3.6%, United Kingdom 2.7%, Germany 2.7%, Netherlands 2.8%, Singapore 3.3%, Bangladesh 2.6%, Nepal 2.2%, and other 48.9% are some of the major export partners of India.

Among all India’s trading partners, India’s exports to the USA are the highest because the main products that India exports to the United States of America include edible products such as fish, meat, live animals, and dairy products on which the United States of America relies on Indian exports.

CONCLUSION

To derive business intelligence from custom and trade import data, businesses require fast, responsive, and easy-to-understand business strategies to acknowledge the current global environment, grab potential opportunities, and stay ahead of their competitors. 

EXiM trade data is one of the best, reliable, and trusted import-export trade data providers and market research companies.

For any query related to import-export trade data, connect to us at info@eximtradedata.com