International trade is an extremely important component of the global economy

  • The purchase and sale of goods and services across borders help economies in getting access to much-needed resources
  • It also ensures that all countries are able to meet the domestic demand for key goods

In addition to this, international trade also acts as a major employment generator, ensuring that the earning capacity of individuals is increased

What is International trade?

International trade refers to the import and export of goods across borders. Such transactions have been in existence for centuries

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International trade has been around since the 16 th century when it replaced the informal system of acquiring…


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India imports to China | Euro Exim Bank

· Despite the recent border tensions between the two countries, India and China continue to be major trading partners

· China was India’s second-largest trading partner as of 2019, only behind the USA

· The country accounts for nearly 13.7% of the total imports into India as of 2019

o Although India’s imports from China declined by 27.63% during April to August 2020, the South Asian nation is still quite dependent on its Eastern neighbour

o India imports a wide range of products from China, including machinery, chemicals, plastic, and fertilizers

· This blog analyses the key items that India imports from…


How to Import Cars from Dubai to India | Euro Exim Bank
How to Import Cars from Dubai to India | Euro Exim Bank
How to Import Cars from Dubai to India ? | Euro Exim Bank

· In recent years, India and the UAE have emerged as major trading partners

o As of 2019, the UAE was India’s third-largest trading partner

o The gulf country has become an important political, economic and cultural partner for India

· One of the most important areas of trade between the two countries is automobiles

o Indian companies such as Ashok Leyland, Hero MotoCorp, and Tata have a strong presence in the UAE

o At the same time, Indians are also increasingly importing cars from cities like Dubai

· This blog discusses how to import a car from Dubai into…


India-China Exports 2020: List of Products India Export to China | Euro Exim Bank
India-China Exports 2020: List of Products India Export to China | Euro Exim Bank
List of Products India Export to China | Euro Exim Bank

· India and China have been trading partners for more than 2000 years

o The two Asian countries have depended on each other in order to fulfil the needs of their domestic markets

· Traditionally, India has been importing far more products from China compared to its exports to the country

o However, in recent years, India’s exports to China have also started to grow at a rapid pace

· At present, the two countries are engaged in a tussle along their border, and this has had a negative impact on the trade between them

o Despite this hiccup, it is expected that the two countries will continue to be major trading partners in the…


Top 5 Commodity Imports and Exports of India | Euro Exim Bank
Top 5 Commodity Imports and Exports of India | Euro Exim Bank
Top 5 Commodity Imports and Exports of India | Euro Exim Bank

· India is considered to be a country that is rich in natural resources and minerals

o This is why the country exports numerous minerals and commodities to its trading partners

· The South Asian nation exports a range of commodities to other countries, including both agricultural and non-agricultural products

o Some of these commodities include rice and sugar

· At the same time, the country also imports certain commodities such as gold and palm oil, among others

o The reason behind this is that these commodities have extremely high demand in India’s domestic market

· This blog highlights and discusses India’s top five commodity imports and…


How to export diamonds from India
How to export diamonds from India
How to export diamond from India ? — Euro Exim Bank

India — Largest Exporter of Diamond

· India is among the largest exporters of diamonds around the world

· Although the country does not produce diamonds of its own, it imports them from other nations and then processes them for re-export

o India holds a market share of nearly 18.8% in the global diamond export industry

o The global diamond industry has recorded consistent growth over the past few years

· During the year 2019–20, India exported cut and polished diamonds in excess of $18.66 billion

o The top destinations for Indian diamonds are the US, Europe, Japan, and China

o Although the overseas demand has been hit by the COVID-19 crisis, it is likely that it will normalise over the next few…


How to start import-export business in India
How to start import-export business in India
Starting an import-export business in India — Euro Exim Bank

Import-Export Business — Introduction

· In recent years, entrepreneurship has become a mainstream career choice for thousands of Indians

  • This is because of the fact that setting up your own company gives you a greater degree of freedom and also helps you in contributing to society

· International trade is one area that provides excellent growth prospects to Indian entrepreneurs

  • Setting up your own business in the country has become much easier in recent times
  • Establishing an import-export business requires you to follow certain steps and acquire a few permissions

· This blog assesses the key steps that need to be followed in order to start an import-export business in…


Changing Face of Trade with Technology | Euro Exim Bank
Changing Face of Trade with Technology | Euro Exim Bank
Changing Face of Trade with Technology | Euro Exim Bank

· In recent decades, technology has developed to a great extent. Rapid developments in the fields of Artificial Intelligence (AI) and Blockchain have meant that international trade has become much more streamlined

o For instance, exporters can now leverage the power of automation solutions in order to execute their trades

o Products such as trade management software have made it much easier for them to keep track of their transactions, meet all compliance requirements, and ensure that they are being paid on time

· This blog helps you in understanding how technology is influencing the trade industry and assesses the potential…


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Can India Become the New China? | Euro Exim Bank
  • It is a well-known fact that China is considered to be the world’s factory
  • This is because of several reasons such as its manufacturing prowess, the availability of cheap labour, its ability to adapt to new technologies
  • Over the past couple of decades, China has made huge strides in terms of its economic growth as well as its production capabilities
  • These factors have resulted in a situation where China has become a vital component of the global economy
  • However, since 2019, China’s global dominance has started to reduce to an extent
  • The first reason for this is that China is looking to dominate geopolitics around the world. This has pitted it against other major powers such as the…

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Importing Cashews from Nigeria into India
  • India is among the top producers and consumers of cashew nuts. According to estimates, India accounts for nearly 20% of the global production on its own. India’s cashew exports stand at nearly 1.19 lakh MT.
  • Despite abundant production, Indian importers look to import cashews from other markets to process them and re-export them, or to meet short-term demand surges. Indian importers have been reliant on Nigeria in order to source cashews.
  • In order to import cashews, they must be fully aware of the regulations and other requirements. …

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Euro Exim Bank

We deploy the latest technology to ensure uninterrupted payment processing and issuance of trade finance instruments from a single point within a shorter period

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