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What is Terms of Trade in International Economics?

If you've ever bought something from another country or sold something you made to people in other countries, then you've participated in international trade. International trade happens when one country exports (sells) goods or services to another country. The import export data shows that the Terms of trade is an important concept in international economics that impacts the costs of trade between nations. Basically, it looks at the relationship between a country's export prices and import prices. The terms of trade measures how much a country has to pay for the imports it receives in exchange for the exports it sells. A Higher Terms of Trade Ratio is Better The terms of trade is calculated as a ratio of a nation's export prices divided by its import prices. A higher terms of trade ratio is considered better because it means the country can afford to import more goods and services in exchange for each unit of exports it sells abroad. For example, if a c...

What is the Trade relationship between India and USA

The import export data shows us that over the past couple of decades, these India & USA have been building some serious business connections, and it's been a win-win situation for both sides. Let's begin with the numbers. In the year 2023, the bilateral trade in goods and services between India and the US reached a whopping $119.5 billion. We know That's a record-breaking figure, and it just goes to show how these two countries have been strengthening their economic bonds year after year. So, what exactly are they trading? Well, India has been exporting a ton of precious stones, pharmaceuticals, machinery and textiles to the US market. And let's not forget about the Indian generic drug industry it's been playing a huge role in supplying affordable medicines to American consumers. On the flip side, the US has been shipping mineral fuels, aircraft, machinery, and medical equipment to India. Not to mention, American companies have been providing top...

Who is the Best India Import Export Data Provider?

  If you're involved in import/export trading in India, having access to accurate and up-to-date trade data is absolutely essential. Import and export figures, commodity prices, trade policies, and duties/tariffs are constantly changing. To stay ahead of the competition, you need a reliable data provider that can give you the latest information at your fingertips. That's where Siomex comes in   the leading online provider of India import export data. Whether you're a multinational corporation, a small trader, or somewhere in between, Siomex has the data solutions you need to streamline your operations and maximize profits. What Makes Siomex the Best? Comprehensive Data Coverage With over years of experience, Siomex maintains an enormous database covering over 18,000 commodities traded through Indian ports, airports, ICDs, CFSs and LCSs. Their import export data comes directly from official sources like the DGCI&S and is meticulously cleaned, processed an...

Indian Buyer and Supplier Data with Shipment Detail?

  With international trade being a major economic driver, having access to detailed import and export data can provide Indian businesses with valuable insights and opportunities for growth. One company at the forefront of unlocking the power of this trade data is Siomex. Siomex provides authoritative import and export data for companies looking to expand their cross-border operations. The data is sourced directly from Indian Customs and includes comprehensive information on all India's export and import transactions. Key datasets provided by Siomex: Import Data - This includes granular details on products imported into India like importer name and address, overseas supplier details, HS classification codes, product description, origin and destination ports, quantity, total value, etc. The data helps businesses identify potential suppliers, analyze demand trends, and make strategic sourcing decisions. Export Data - It covers specifics of products exported from India su...

Find new buyers & suppliers import and export data.

  In today's interconnected world, companies are constantly seeking international expansion through new buyers and suppliers One important tool for achieving this? Import and export data . This post explores how this data helps businesses like yours identify and connect with potential trading partners across borders . Introducing Siomex: Your Gateway to Global Trade Data Siomex, a leading Indian provider of import and export data that empowers businesses to use valuable insights. Compiled from Indian customs and ports, their data offers a wealth of information, including: ●      Importing and exporting companies ●      Product descriptions and quantities ●      Shipping routes and ports Siomex boasts data covering over 95% of India's international trade , encompassing both exports and imports. Now, let's see how you can utilize this data to your advantage. Becoming a Global Exporter: Finding Foreign Buy...