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Trade Trends News
09-01-2024
India's agricultural exports in fiscal year 2023/24 will grow from last year despite restrictions on wheat, rice and sugar, the country's trade minister said on Monday, while striving to diversify transportation.
India, the world's second-largest producer of wheat, rice and sugar, restricted exports of these commodities last year to curb rising domestic prices.
Those restrictions could lead to a shortfall of about $4 billion to $5 billion this year, Reuters reported last month.
In his speech, Trade Minister Piyush Goyal said, "In 2022/23, our total agricultural exports will be around $53 billion, and we expect the figure to increase this year despite restrictions on exports of rice, wheat or sugar." Go to a conference in New Delhi.
Exports of meat and dairy products, cereal products, and fruits and vegetables increased between April and November this year, data from state-run trade body APEDA showed.
1. Are Free Customs Data Useful?
In the current market, customs data come in two varieties: paid and free. As far as Tendata is aware, many customs data companies claim to have developed a free customs data system, but their core objective is to attract traffic and profit through secondary marketing.
In the current state of the industry, free customs data is primarily superficial public data. In this age of data, valuable information cannot be free. Tendata Data suggests it's better to spend money to purchase it, as Jack Ma once said, "Free is actually the most expensive." (>>> Click to get free customs data from 91 countries.)
2. Customs Data Ineffective? You Might Not Be Using It Right
Many customers often feel that customs data is ineffective or that they're only using a small portion of it when working with import and export data. Tendata Data would like to reiterate the eight major functions of customs data for the benefit of our foreign trade enterprises:
You can find all of these functions in customs data (>>> Click to access sample data online). If you can find them, you're a qualified data user. In addition to this, Shanghai Tendata's Foreign Trade Big Data Business Radar helps foreign trade enterprises manage potential customers online in real-time, understand customer needs, and assists foreign trade personnel in accurately searching for foreign trade customer emails, sending mass emails, producing email reports, and solving email sending dilemmas.
3. Customs Data ≠ Foreign Trade Data; Having Customs Data Alone Is Not Enough
Customs data inquiries include trade transaction data publicly available from customs around the world. This data consists of customs statistical bill-type information. However, what Tendata Company refers to as foreign trade big data goes far beyond mere customs data.
Tendata iTrader boasts customs data from 91 countries, commercial data from 218 countries, and internet data. It encompasses information on over 1.8 billion global businesses, with 100 billion trade data points scrolling every day. It can rapidly and intelligently filter out contact details for 1.21 million executives and decision-makers, including email addresses, phone numbers, social media profiles, and more. It also simultaneously displays company yellow pages, product images, and websites, while offering 17 types of visual reports to help foreign trade enterprises accurately analyze and position themselves in the market, allowing you to quickly find precisely what you need in terms of buyers and suppliers.(>>> Click to use the data for free online.)
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