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  • 17 June 2024
India Bilateral Trade

India’s Bilateral Trade with Neighbouring Countries and Market Outlook

India got a new regime and so the challenges in bilateral trade with neighbouring countries will also increase. Recently, leaders of Bangladesh, Sri Lanka, Nepal, Maldives, Seychelles, Bhutan and Mauritius attended the swearing-in ceremony of the new government. What is India’s trade with neighbouring nations? What will be the outlook of bilateral trade relations with these countries? Let’s try to understand by analysing crucial statistics.
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Global Trade

How De-Dollarization Affects the US Global Economic and Financial Hegemony?

World War second was a catastrophic event that affected the lives of millions of people and made the price of goods skyrocket due to disruption created in the supply chain. The US dollar was accepted as the mode for international trade and financial services to make the world better again with economic prosperity. As per the market trends, the total value of the international market is more than USD 105 trillion annually, and around USD 25-30 trillion worth of trade is controlled by US currency.
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US Trade Data

Why After Six Decades USA’s Agricultural Export Decline & Import Rise?

The USA, one of the world's largest exporters of farm products, is on track to lose the status of net exporter of agricultural commodities to net importer. The US controls almost 20% of the world's export market share of the farm industry. Recently, a report published, claimed that for the first time in 2019, the USA’s import of farm products from the world surpassed the export value. This trend has remained three times out of the last five financial years.
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Global Trade Data

How API Will Transform Your Business With Global Trade Data Integration?

In the technologically advanced world, we are following in the footsteps of a tech-savvy way of doing business. Businesses are transforming by indulging in the footsteps of the new technological advancements being introduced by the pioneers of any particular industry. One of the advancements businesses are taking advantage of the data is through Application Programming Interfaces (APIs). APIs are shaping the industries and the way businesses are strategically executing their business operations and building work models to generate revenue.
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Global Trade Data

How to Do Competitor Analysis in International Trade?

Competitor analysis is crucial to identify the rivals of a company and understand their market strategies. It helps businesses be proactive, take action, foresee future trends, and develop strategies that make them ahead of their rivals. In almost every profitable business, there is competition. Where there is competition, there is a war to win.
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Global Trade Data

How to Create a Business Plan for Exporting Goods?

Regardless of whether companies have previous experience in exporting goods to other countries or are entering markets for the first time, there are risks involved in exporting goods from one international border to another. Good research, real buyer search, the best product selection, and the right country choice are major factors contributing to exporting goods globally. Let’s find out how these factors are important in achieving business goals.
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Samsung Shifts Manufacturing Unit to Noida

Samsung Shifts Display Manufacturing Unit from China to Noida

Samsung who tops global smartphone market with 23% share in Q1 2021, has shifted its display manufacturing unit from China to Noida, India. A delegation of Samsung led by the company’s Southwest Asia President & CEO Ken Kang meet with Uttar Pradesh Chief Minister Yogi Adityanath. Earlier in December 2020, Samsung announced to invest Rs 4,825 crore in India for moving display production unit from China to India.
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Global Trade Data

The Role of Freight, Transportation and Logistics in Global Trade

We do import and export business in a highly complicated world with circuitous global supply chains, rising shipping rates and increasing import tariffs. Components, raw materials and finished goods often traverse the globe until they reach their final destination – the customer. Freight shipments are moved from point-to-point by transportation and logistics providers. How logistics companies can find their customers? Export Genius global trade data covers shipping details including business & contacts of importers & exporters.
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Global Trade Data

Logistics & Global Trade – Optimize Business with Third Party Logistics

When it comes to third party logistics or commonly known as 3PL, there are lots of factors to consider. Before understanding how 3PL plays an important role in import-export business and supply chain, let’s first discuss what is 3PL. Third Party Logistics (3PL) has been defined as the function by where the client (who is owner of goods) outsources various constituents of the supply chain to a 3PL company. This 3PL company can then manage the inbound freight, client’s customs, distribution, warehousing, order fulfilment and outbound freight to the client’s customers.
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India Trade Data

Cyclone Tauktae and Yaas Impact on Indian Industries

Tropical cyclones Tauktae and Yaas caused widespread damage in specific regions of Gujarat, Maharashtra, Odisha and West Bengal as a result of high winds and flooding. Direct impacts on commercial property and infrastructure can lead to production shortfalls. Further loses can occur if business continuity is lost through disrupted supply of intermediate inputs from, or distribution to, other businesses. On the basis of Export Genius market research reports, let’s have a look at industries which are most likely to impact from 2021 year’s two cyclones; Tauktae and Yaas.
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India Trade Data

India Extends Coronavirus Lockdown Until May 3 – Financial Relief Announced

India is under 2nd lockdown due to coronavirus spread, which has forced to 1.3 billion people to remain in their homes till 3rd May 2020. The first lockdown which was of 21 days ended on 14th April 2020. Although some relaxation may come into force in some districts of states post 20th April, after assessing the situation. Districts in India have been categorized into three zones – Red Zone (more than 15 cases), Orange Zone (0-15 cases) and Green Zone (0 case). Government has issued fresh guidelines for second phase of lockdown.
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Sport Goods Global Trade Data

Coronavirus (Covid-19) Pandemic Impact on Global Sports Industry

The Coronavirus (Covid-19) pandemic at the beginning of 2020 hit the sports industry globally hard. Many professional leagues across the world suspended their seasons and numerous events were cancelled. As a result, there is a huge loss to the industry and to trade of sports goods. According to Export Genius trade data, total sports goods and equipment valued US$ 119.0 billion shipped in 2018 and US$ 124.5 billion imported around the world.
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Exporting Commercial Goods

How to Start Exporting Commercial Goods in New International Market?

Want to export commercial goods into new international markets? Where to begin? To start exporting goods from one country to another, you will be required to know key trade documents, do market research for studying market components and prepare strategies for making things into your business control. Apart from import/export number, you might also be required to obtain permits or licenses for following government regulations to export products.
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Market Research Data

What to Find in Market Research Data & Report for Business Growth?

Market research is an integral part of import-export business and related strategic plans. It consists of fact findings, statistical information, data analysis and forecasts. All these are crucial in having a wider & clear picture of what kinds of new products and services may bring a profit. These are also important for knowing and understanding needs of customers, how to best market of products and configure the potential growth of business.
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Import Export Business

How to Boost Your Import Export Business in Africa Region?

Running an import export business is very challenging these days. The challenges like disruptions in the supply chain, currency exchange rate variances, language issues and all combine to create a host of problems. The global business is one of the most profitable opportunities for traders while some traders weigh the risk against potential benefits as they would quite keep on trading within the country’s borders.
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Advantages of Warehousing

What is Warehousing? How it is Useful for Global Traders?

Warehouse can be defined as the commercial building or godown for storage of goods. It is used for storing the goods by traders that will be distributed later. It is mainly used for preventing losses and damages that may arise out of defective and unsecured. Traders usually store the cargo in a warehouse and get it released when it is required for manufacturing or sales.
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Import Export Data

What is a 3PL? 5 Tips to Choose Best Third Party Logistics Provider

Third Party Logistics or 3PL is referred to as managed warehousing, which outsources various elements of international trade logistics and performs various management & logistics functions including inbound freight services, customs clearance, storage & warehousing, order fulfilment & distribution and outbound freight services. What exactly third party logistics is all about? What services 3PL provide? And what things to keep in mind while choosing a right 3PL provider.
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Importance of Logistics

What is the Importance of Logistics in Global Trade? 7 Points to Note

Logistics play a crucial role in today’s economy. Improved trade logistics infrastructure such as roads & highways, ports, railways, airports including dry ports, warehousing infrastructure and labs & testing facilities are necessary for sustainable and balanced economic development of all parts of the country. Logistics is the management of transporting goods from the point of origin to the point of consumption in order to meet customer’s requirements.
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