Omicron Effect On Smartphone Industry And Exports In India

 The breakout of Omicron, a new variant of the post-Covid-19 virus, will not have much of an effect on the electronics and smartphone industry and its sales, says the analysis reports of experts of fields.

The first case of this variant was reported from African countries due to which the exports of India might see a negative impact in its overall exports to these countries due to the Omicron virus breakout.

Barring public movement, the mobile industry of India won’t see much of a change in its overall sales value. Having said that, we as people of the nation need to stay watchful to counter any indefensible situations that may occur in the future.

The founder of Techarc and the chief of Techarc says that the supply chain of the smartphone industry will not face much of an effect of the Omicron virus. But it will certainly hit the sales on the consumer end if the supply chain gets affected by the Omicron virus which looks uncertain at the moment.

People across the globe prefer the Christmas and new year period for shopping and buying electronics, gadgets, and new phones. This is because during festive seasons sellers give attractive offers, eye-catching discounts, and thousands of options to choose from.

There are chances that the exports of India might get affected as India exports mobile accessories more than 12% to the African countries.

The smartphone industry of India greatly relies on exports as African countries offer a huge market to India.

Total Import And Export Value Of India 

❖ India imported goods worth $582.02 billion in 2017

❖ India imported goods worth $639.01 billion in 2018

❖ India imported goods worth $601.58 billion in 2019

❖ India imported goods worth $482.45 billion in 2020

Exports

❖ India exported goods worth $498.26 billion in 2017

❖ India exported goods worth $538.64 billion in 2018

❖ India exported goods worth $529.02 billion in 2019

❖ India exported goods worth $474.15 billion in 2020

Current Trade Statistics of India

➢ Trade Balance: $-23.27 million in Nov 2021

➢ Total Imports: $52.94 billion Nov 2021

➢ Total Exports: $30.04 billion Nov 2021

➢ Current Account: $6500 million

What are the products India exports the most?

Mineral Oils & Fuels $27.6 billion (10%), Precious Metals & Gems $24.5 billion (8.9%), Organic Chemicals $17.4 billion (6.3%), Pharmaceuticals $18.4 billion (6.7%), Electronics & Computers $18 billion (6.5%), Plastics & Articles of Plastics $6.6 billion (2.4%), Cereals $8.7 billion (3.1%), Electrical Machinery & Equipment $13.5 billion (4.9%), Steel & Iron $10.6 billion (3.9%), and Vehicles $13 billion (4.7%) were some of the top exported products of India according to India export data 2020.

What are the major trading partners of India?

The United States $49.3 billion (17.9%), United Arab Emirates $18 billion (6.5%), United Kingdom $7.77 billion (2.8%), China $19 billion (6.9%), Hong Kong $9.5 billion (3.5%), Bangladesh $7.91 billion (2.9%), Singapore $8.3 billion (3%), Vietnam $4.5 billion (1.6%), South Korea $4.52 billion (1.6%), Germany $7.7 billion (2.8%), Malaysia $6.2 billion (2.2%), Netherlands $6.3 billion (2.3%), Belgium $4.57 billion (1.7%), Saudi Arabia $6.2 billion (2.2%), Nepal $5.9 billion (2.1%) were the top trading partners of India during 2020 according to India exports and imports data 2020.

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What Are The Strategies USA Uses For Its Import-Export Trade Business?

US import data is a powerful tool that contains in-depth and updated information of all import-export trade that takes place in this country throughout the year.

US customs import-export trade data also allows you to monitor the activities of each and every big and major merchant and trader of the same business.

The customs data that we have on the USA includes all essential and major details such as HS Code, Mode of Transportation, Product Description, Port name, Shipping & Consignment Details, Name of Importer & Exporter, Rates, Volume, Unit, Weight & Quantity, etc.

We at Exim Trade Data offer on-point, accurate, reliable, updated, and authentic editions of the US import-export data to our clients at reasonable prices.

The market analysis reports and US import data by country that we provide assist you to track and monitor the activities of your potential competitors in the global trade market. This helps you prepare a better and more efficient trade strategy for your business and also helps you to stay ahead of your competitors while increasing the productivity of your business.

Shipment Record and Total Import-Export Trade Value of USA

➢ In 2017, the imported products of the US were worth $2,930.09 billion.

➢ In 2018, the imported products of the US were worth $3,138.16 billion.

➢ In 2019, the imported products of the US were worth $3,125.22 billion.

➢ In 2020, the imported products of the US were worth $2,407 billion.

Export

➢ In 2017, the exported products of the US were worth $2,374.56 billion.

➢ In 2018, the exported products of the US were worth $258.70 billion.

➢ In 2019, the exported products of the US were worth $2514.75 billion

➢ In 2020, the exported products of the US were worth $1,431 billion.

The above data is based on the market analysis & reports and Us Import-Export Data and trade statistics.

US Import Data By Country 2020

Based on the market research data and market analysis reports, China $457.16 billion, Canada $276.20 billion, Mexico $328.86 billion, Japan $122.48 billion, Vietnam $83.21 billion, Germany $117.39 billion, Switzerland $75.50 billion, South Korea $78.29 billion, India $53.57 billion, Ireland $65.78, and Italy $51 billion were some of the top trading partners of the USA by US import data by country.

What are the Most Exported Products of the US?

Based on the US export data and market analysis research reports, Machinery & Computers $182.6 billion (12.8%), Mineral Oils & Fuels $155.1 billion (10.8%), Technical, Optical & Medical Apparatus $83.4 billion (5.8%), Electrical Machinery & Equipment $162.9 billion (11.4%), Vehicles $105.2 billion (7.3%), Organic Chemicals $34 billion (2.4%), Spacecraft & Aircraft $80.9 billion (5.7%), Pharmaceuticals $53.9 billion (3.8%), Gems & Precious Metals $60 billion (4.2%), and Plastics & Articles of Plastics $60.2 billion (4.2%) were some of the most exported products of the US as per the US export data by products.

US customs import-export trade data is a powerful and effective tool to discover new markets and analyze in-depth shipping records of global foreign countries.

The custom import-export trade data that Exim Trade Data offers contains essential details such as HS Code, Consignment & Shipping Details, Importer & Exporter Names, Product Description, Port Name, Date & Origin of Country, Rates-Unit-Volume-Quantity & Weight, Mode of Transport, etc.

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Philippines Trade Strategies And Custom Import-Export Data

 In 2020, the Philippines was the world’s 34th largest importer and 43rd largest exporter country across the world.

The Philippines Import Trade Data that Exim Trade Data provides covers all business activities of this country as well as allow you to monitor the strategies that are being used by your potential business competitors in the import-export trade business.

To make sure the data we provide to our clients is 100% genuine and reliable we collect Philippines import-export trade data from the most reliable and authorized sources of information such as Trade Associations, Customs Departments, Shipping & Logistics Companies, Port Authorities, Government Bodies, and some other authorized sources of links.

The data we offer is based on reliable and factual information sourced from Invoices, Shipping, Bills, Import Bills, and some other import-export documents required for trade business across foreign countries.

The custom import-export data Exim Trade Data provides helps trading partners evaluate potential buyers and suppliers across countries based on their trading history and shipping records.

Shipment Record and Total Import-Export Trade Value of USA

➢ Philippines imports in 2019 were worth $152.46 billion.

➢ Philippines imports in 2020 were worth $119.24 billion.

➢ Philippines exports in 2019 were worth $160.95 billion.

➢ Philippines exports in 2020 were worth $91.05 billion.

Philippines trade statistics show the total import-export value of this country in recent years and provide useful insights into the global trade market to help you form a more effective trade strategy for your import-export trade business in the overseas market.

What are the major exports of the Philippines?

Market analysis reports of the Philippines suggest Electrical Machinery & Equipment $31.7 billion, Electronics & Computers $9.5 billion, Edible Fruits & Nuts $2.3 billion, Technical, Optical & Medical Apparatus $1.8 billion, Copper $1.7 billion, Ash, Slag & Ores $1.7 billion, Vehicles $939.1 million, Precious Metals & Gems $1.4 billion, Plastics & Articles of Plastics $895.4 million, Animal/Vegetable Oils & Fats $918.8 million were the top exported products of Philippines according to Philippines Export Data 2020.

What are the Major Ports of the Philippines?

Based on market research data and analysis reports, Calamba, Dumaguete, Cadiz, Taguilon/Ozams, Cebu, Pasig/Manila, Cagayan De Oro, Mati, Isabel, Polloc, General Santos/Dadia,  Rosario, Bacolod, Manila, and Cative are some of the major ports of the Philippines as per the Philippines import port list.

The global import-export trade data help companies and businesses use their resources more efficiently and effectively.

The data we provide helps you get useful and crucial insights into the global trade market offering you potential business opportunities to enhance the overall productivity of your trade business and stay ahead of your competitors in the overseas markets.

The custom import-export trade data that Exim Trade Data provides allows you to monitor the trade activities of your potential business competitors in the foreign trade market which gives you the opportunity to discover new and active buyers and suppliers as well as prepare a more effective trade strategy for your global import-export trade business.

For more info on any global country, you can visit our official website and ask for free sample data or even book a free demo to get the overall overview of your trade business.