Every trade business needs a reliable platform to access import export data
Siomex isn't just a platform; it's a toolbox specifically designed to empower your import export... moreEvery trade business needs a reliable platform to access import export data
Siomex isn't just a platform; it's a toolbox specifically designed to empower your import export business and propel it towards success.
Power of Data Driven Decisions
Siomex equips you with a comprehensive suite of market analysis tools. Imagine having access to a wealth of real time trade data, from global trends to competitor activity. This information becomes the cornerstone of informed decision-making.
Identify Market Opportunities: Siomex helps you pinpoint emerging markets with high demand for your products.
Analyze import/export trends to discover new customer segments and untapped potential.
Stay Ahead of the Curve: Gain insights into competitor activity. Track their product offerings, pricing strategies, and target markets. Use this knowledge to differentiate your brand and develop a competitive edge.
Make Smarter Sourcing Decisions: Source high-quality products at the best prices. Siomex's data empowers you... less
We all know that India's sector is a cornerstone of its economic growth. Whether you're a seasoned business analyst or a curious entrepreneur, understanding India's export... moreWe all know that India's sector is a cornerstone of its economic growth. Whether you're a seasoned business analyst or a curious entrepreneur, understanding India's export landscape can be immensely valuable.
This blog post will help you with the knowledge to gain and explore Indian export data, allowing you to make good decisions.
Let’s look at Some ways you can
Government Sources: The Indian government offers a wealth of export data through various official channels. Here are the key resources
Ministry of Commerce and Industry : The MoCI's website provides access to the "Trade Statistics" section This section houses the Export Import Data Bank, offering monthly and annual export data categorized by commodity, country, and region. It's a comprehensive resource for high level analysis.
Open Government Data (OGD) Platform India: Here You'll find datasets on "Export data of major commodities through major ports" and "Month-wise Export data for Principal Commodity," providing granular details for... less
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... moreThe 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 notch services in areas like telecommunications and... less
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... moreIn 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 Buyers
As an Indian exporter, Siomex's import data helps you identify foreign companies already importing similar products.... less
In this very vast and globalized economy International trade plays a very important role in the success of businesses and economies worldwide.
In order to have successful trade... moreIn this very vast and globalized economy International trade plays a very important role in the success of businesses and economies worldwide.
In order to have successful trade practices, it is important to get the right and updated import export data
The import export data shows us that there is one sector that has seen important growth in import and export activities is the glass industry.
If you are someone who is looking for ways to find import export data for glass items.
In this blog, we will look at how can we find import and export data on glass items, with a particular focus on SIOMEX.
Understanding the Importance of Import Export Data:
A businessman who is involved in the import export business knows that Import export data provides valuable insights into market trends,
The demand and supply dynamics, competitor analysis and potential business opportunities.
By analyzing this data he or she can make informed decisions look into new markets and optimize their operations.
For the glass... less
In recent years According to the import export data India has seen an increase in imports from China that are priced much lower than comparable domestic goods or imports from... moreIn recent years According to the import export data India has seen an increase in imports from China that are priced much lower than comparable domestic goods or imports from other countries.
Chinese imports now account for around 14% of India's total imports and range from electronics and machinery to toys and everyday household items.
Several factors enable Chinese manufacturers to keep costs low prices in the Indian market:
Lower Labor Costs
One of China's main advantages is the lower labor and manufacturing costs there. Chinese factories pay far lower wages to workers compared to their Indian counterparts.
They are also able to run very large-scale operations with thousands of low-paid workers involved in mass assembly line production. This allows them to achieve greater economies of scale and keep costs lower per unit of output.
Lower Compliance Costs
China has lower compliance costs in terms of meeting environmental, worker safety and quality standards. While standards have improved over the... less