Exports refer to selling of goods
to different countries across the globe. Exports and imports together comprise
of international trade which is a common phenomenon of liberalized and
globalized world. All the nations today are involved in international trade and
the world has become a market place.
Even the most strong and powerful economies don’t have it all and depend
on the exports from other countries of the goods that they lack. A lot of
nations export raw products for manufacturing and others like USA, China and Japan
are major exporters of manufactured goods and a large portion of their economy
depends on exports. India is also one of the major export countries and is
involved in the exportation of a variety of goods ranging from traditional
products like jute, tea, coffee and also goods like organic chemicals, iron
ores, gems and precious stones, pharmaceuticals, textiles and garments. India
is the one of the largest exporter of food grains and in recent years has
become the largest exporter of computer software and BPO services.
Exports data comprises of details
of all the goods and commodities that are traded in the international market
with information regarding the quantities in which these products are sold and
purchased by different countries, the major exporter nations and the biggest
international exporters of a particular product, taxes and tariffs levied on
different goods In the global market, the country of origin of goods, shipment
details and information of the ports of exportation. This data is collected on
monthly and yearly basis by the custom department of different countries and is
categorically classified according to the HS codes of the products. Exports
data has the details of the shipments of all the products that are exported from
anywhere in the world in a particular year.
Exports data is of extreme
importance for the exporters and is very beneficial for them because this data
is the most accurate source of information for all the exports taking place in
the world in a particular year. Exportation business need data and figures like
any other business for managing and planning the course of work. Risk involved
in this business is quite high and this data is the primary source of
information for risk minimization. Exporters can get knowledge of the most
beneficial export destination for their goods with the most genuine and trusted
buyers. This data serves as a tool for market research and analysis and
speculation of the present and future market trends along with the customer preferences
over time. Exporters can use the exports data to get an overview of the market
they are dealing in and the prediction of future trends to maximize their
profits at the minimum possible risk. This data is available online on all the
websites providing Exim trade data.
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