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India Planning To Trade $50 Billion Bilateral Trade With Indonesia By 2025
Indonesia is looking forward at increasing the spices trade from India that included cloves, nutmeg, pepper, vanilla etc. Indonesia always sees India as a good investment destination and looking at a comprehensive economic partnership for the mutual benefit of the two countries.
Kerala state of India also offers good opportunities to build trade ties with Indonesia especially in the sectors of tourism promotion, spices production, furniture exports which is having a huge growth potential.
According to Indonesia Trade Data, Indonesian exports to India consists of textiles, electronic goods, footwear, and sawn timber, while chemicals, pharmaceuticals, and motor vehicles, automotive are the major imports from India to Indonesia. Besides, in 20–21 Indonesian companies have significantly invested in the food processing sector in India.
According to Indonesia’s Central Statistics Agency (ICSA), trade between the Indonesia and India in 2017 was USD 12.9 billion. It rose 29.7 per cent to USD 18.13 billion in 2018 with Indonesia’s exports data to India reaching USD 14.08 billion and its imports from India standing ...
... at USD 4.05 billion in 2018.
In a joint statement issued by both leaders, the two countries said they have agreed to work intensively for the early conclusion of the Regional Comprehensive Economic Partnership and reiterated that it needs to be comprehensive, fair and balanced with benefit to all member states.
The two leaders of both nations also instructed officials to optimize the cooperation between ASEAN and India for establishing a sustainable and mutually beneficial trade relations between both countries.
They underscored the important role palm oil plays in Indonesia’s export to India and in India’s consumer preference and growing consumption. Both leaders agreed to address all issues related to obstacles to trade and investment in palm oil products and industries, the joint statement said.
Some of the Important Nation with India Trade Data
India and China Trade Data
The rapid expansion of India-China bilateral trade since the beginning of this century propelled China to emerge as our largest goods trading partner by 2008, a position which China Customs Data continues to hold today. Since beginning of the current decade, bilateral trade between the two countries recorded exponential growth. In 2017 and 2018, the bilateral trade has registered robust two-digit growth. In the year 2019, India was the 12th largest trade partner of China. Due to the impact of COVID this year, the overall trade with China saw a reduction of 13.1% in Jan-Sept 2020 (USD 60.5 billion) as compared to the same period in 2019 (USD 69.7 billion).
India And USA Trade Data
India’s total trade with the United States was $8.05 billion in January, a change of 1.91 percent from the same month one year ago. The change in exports was -2.11 percent and the change in imports was 4.24 percent. India ranked №10 among U.S. trade partners in January. It had ranked №8 for the same month last year.
The top three U.S. exports by value in January were Oil, (2) Diamonds, not mounted, and (3) LNG, other petroleum gases. The top three USA Import Data from India, also by value, were Diamonds, not mounted, (2) Medicines in individual dosages, and (3) Linens for bed, bath, and kitchen.
India Export to Argentina
India’s exports to Argentina were $708.7 million in 2017–18, consisting mainly of organic chemicals, vehicles and auto parts, lubricants, machinery, sound and image devices and garments. Imports from Argentina were $2.2 billion, mainly soybean oil, petroleum, copper, sunflower oil, leather, wool and ferroalloys.
India Export data wants to triple exports to Argentina, eyeing an additional $1.5 billion worth of shipments, and is seeking market access for apparel, textiles, folding bicycles and home furnishing products in the South American country.
India And Chile Import Data
Negotiations for further expansion of a preferential trade agreement (PTA) between India and Chile are in the final stages and both the countries would include about 400 more products under the pact with an aim to boost economic ties, an official said. The two countries had signed a preferential trade agreement on March 8, 2006, and it came into force from August 2007. In 2016, they expanded the scope of the agreement by including more products. Currently about 2,000 goods are covered under the pact.
India’s exports to Chile Import Data include transport equipment, pharmaceuticals, yarn of polyester fibers, tyres and tubes, manufacture of metals, articles of apparel, organic/inorganic and agro chemicals, textiles, readymade garments, plastic goods, leather products, engineering goods, imitation jewellery, sports goods and handicraft.
Brazil Exporters Data
USA Import. com provides report on Brazil Exporters Data also called Brazil Custom Shipment Export Data or Brazil Export Trade Data. Report covers detail of Bill of Lading file on port. (Details available as per custom notification). Brazil Export Data help your import export business to find new business opportunities from International Market and increase your network to develop International Business.
ADVANTAGES OF BRAZIL EXPORT DATA:
Brazil Export Data gives information about custom shipments from Brazil to World and World to Brazil, which makes it very competitive advantage tool to study global market. Brazil Export Database helps to create new buyers and suppliers from Brazil & All over the world.
Contents of Brazil Export Database
Brazil Export Database contains: Shipment Date, Shipping No., HS Code, Product Description, Quantity, Weight, Price list of products, Units, Rate in USD, Brazil Exporter Name, Exporter Address, Foreign Importer Name, Address, Foreign Port, Foreign Country, Port name, Mode, Month, and Year.
Impact on Analytical Data: Indonesian Customs Data should be analytical and must be easy to comprehend. A complex data may cause great difficulty to traders and merchants to decode the same and understand the nuances of international trade. The data should be embedded with ergonomic features and simple terms so that the trade analysts can review the same and form the business strategy accordingly.
This article provides you some brief information about how India & Indonesia, USA, Brazil, Peru, Chile, China, Argentina can be beneficial for the growth and expansion of the business. What are the factors that one should consider while assessing import and export data and how it can be used to form to grow your business trade policies? In my opinion, India importers data can be worthwhile for any business growth who looking out from expanding its business and strategic decision making. It can provide you some groundwork and a great understanding of the prospective markets and make a business move accordingly. India Export trade data enables one to understand the trade mechanics, supply chain, market conditions, market and business opportunities. India importers data aids one to know the exact trade conditions in the country in 2021, the trade policies, goods in demand, supply chain, etc. Investing in trade data of growing countries such as Paraguay, Costa Rica, Argentina, etc. can help one to cognize the international demand of local goods and services in the market, the speculated market size, trade barriers, etc.
For more details visit A/57, 1st Floor, Om Vihar Phase 1, Uttam Nagar Delhi, India.
Contact No. :- +91–9560057267
I am Varun Pratap dealing in Import and Export Data all over the countries. I Started this import export business in 2015. we provide Import Export data of all the major countries which helps to grow your business exponentially. We provide the latest and most accurate import export data that are based on Trade Bills, Bill of Entry, Shipping Bills, Bill of Lading, Invoices, and other import export customs documents. Through our India trade data, we create business intelligence reports that are helpful for any kind of businesses to always be ahead from competitors.
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