import export trade analysis

  Overview of India's Import India's merchandise imports, propelling to about USD 532.48 billion in FY 2024, moved up by 5.16% over the preceding year. citeturn0search3 The growth thus connoted further domestic demand within the economy and more dependencies on global supply chains to serve the requirements of various sectors. Key Import Commodities India's import portfolio is diverse, encompassing a wide array of commodities essential for its industrial and consumer sectors. Notable import categories include: Crude Oil and Petroleum Products : As a rapidly developing nation, India's energy consumption has surged, making it heavily dependent on imported crude oil. In the period from April to December 2024, crude oil imports constituted a significant portion of the total import bill. citeturn0search3 Electrical Machinery and Equipment : The technological advancement and digitalization efforts have led to increased imports of electrical machinery, reflecting the growing d...

 A spice that holds centuries of culture, India is the world’s largest producer and exporter of turmeric. The global turmeric market is forecast to grow at a CAGR of 16.1% from now to 2028, which is why the country has set itself an ambitious target of its turmeric exports reaching $1 billion by 2030. Indian industries need to take strategic initiatives to improve production, maintain quality and increase market presence to realize this objective. Current Landscape of Turmeric Production and Export Although India accounts for more than 70 percent of global turmeric production, with primary areas of cultivation in Andhra Pradesh, Telangana, Tamil Nadu, Odisha, Karnataka, and West Bengal. For 2023-24, the country exported around 162,000 tonnes of turmeric worth $226.5 million. Other major buyers of Indian turmeric are Bangladesh, the United Arab Emirates, the United States and Malaysia, with North America being the largest market and Europe being the fastest-growing market. Creating...

The global textile industry is experiencing a significant shift, with India's textile sector emerging as a key beneficiary. This change is primarily driven by the recent decline in U.S. cotton prices, a consequence of China's imposition of 10-15% retaliatory tariffs on U.S. cotton imports This development has created a ripple effect, offering India an opportunity to enhance its position in the global textile market. The Catalyst: China's Tariffs on U.S. Cotton In response to escalating trade tensions, China, one of the largest consumers of U.S. cotton, imposed tariffs ranging from 10-15% on U.S. cotton imports. This move led to a significant reduction in demand for U.S. cotton from China, resulting in an oversupply and a subsequent drop in prices to a four-year low. This price decline has created a favorable scenario for other textile-producing nations, particularly India. India's Strategic Advantage India, a leading exporter of cotton yarn with a global market share of...

  India, one of the biggest consumers and importers of edible oils in the world, imports around seventy percent of the total vegetable oil needed. Therefore, India's more open-edged dependence on foreign sources makes the country before risky against global market price fluctuations and volatility, geopolitical issues, and related domestic agricultural problems. With a large range of edible oil imports projected in future times, great importance needs to be placed on understanding on what factors govern the trends behind India's excessive imports of edible oil. This is useful for policymakers, industry participants, and consumers.  The Landscape of Edible Oil Consumption in India The edible oil consumed in India are palm oil, soybean oil, sunflower oil, and mustard oil. Edible oil consumed in India is very high because of its many cultures and traditions. The continuous increase in total Indian consumption is due to population growth, urbanization, and changing diets. Looking...