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India Trade

India Trade Performance: A Growth Trajectory for Export and Import Business

For a long time, the Indian domestic market has been flooded with foreign goods, destroying the local market with affordable prices and alternative goods. This vastness of the Indian market concretes the base for export and import opportunities. To consider this, the govt of India implemented several steps to boost exports from the country. However, the recent trends of India’s trade performance show a rise in imports compared to exports, creating a trade gap between exporters and importers. Let’s explore the reasons for fluctuating trade statistics.
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Global Trade Data

How China Overtake US to Become India’s Top Trading Partner in 2024?

Since COVID-19, the government of India has taken several steps to improve the domestic manufacturing of goods. To consider this, the govt has developed special economic zones, financial help, business-friendly rules and regulations, anti-dumping, and countervailing duties, etc. Despite these efforts, India’s reliance on Chinese goods has grown exponentially. The bilateral trade performance between India and China has outperformed the USA with which India enjoyed a trade surplus status.
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India Trade

How India's Auto Sector Becoming the Global Engine for Export Business?

Have you ever wondered about India’s rising automobile exports, which once struggled in the shadows of the global industry? and how surged ahead to claim the title of the world’s 3rd largest auto market, surpassing even countries like Japan. India’s two key trends, affordability, and sustainability, are responsible factors for exponential growth. The first offers a high-quality affordable manufacturing opportunity for vehicle components, and the second is a sustainable supply chain network for lasting growth.
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India Iran Trade

India, Iran Sign 10-year Agreement for Trade Operations at Chabahar Port

India and Iran have signed a 10-year agreement on trade operations at Chabahar Port. The new long-term agreement is intended to replace the original contract, which only covers India’s operations at the Shahid Beheshti terminal and is renewed every year. The Chabahar Port agreement is crucial for India-Iran bilateral trade relationship. Meanwhile, the United States warned potential sanctions after finalization of this deal.
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Vietnam Export Data

Vietnam Ranks First in Global Cinnamon Exports

Vietnam’s exports of cinnamon were up by volume but down by value in 2023. According to Vietnam export data, the country shipped cinnamon worth USD 260 million, declined from USD 265 million recorded a year before. However, Vietnam exported 90,000 tons of cinnamon in 2023, up over 14% in volume. Vietnam is now the world’s biggest exporter of cinnamon. This blog shows Vietnam’s export market of cinnamon with valuable stats and analysis.
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