Go global, expand your business. Successful foreign trade means earning profit by analyzing every aspect of export and import.

Export refers to the selling of goods and services from a home country to a foreign nation whereas Import refers to the purchase of foreign goods and bringing them into one’s home country. Professional import and export data expert is pivotal in providing complete advisory to enhance the overall performance of the foreign trade.

Now quickly let’s have a look at how export import data country wise gained popularity among buyers and suppliers-

• In India Import Data providers provide information on the basis of their thorough knowledge about the industry, markets to guide their clients in the best possible way.
• The buyer and supplier must have a clear idea about the market so as to where they can sell their products. So that clients can get access to information quickly.
• The buying and selling take place in the market where buyers and sellers meet to exchange their goods and services.

Procedures exporter needs to keep in mind while exporting-

• When the exporter gets a request from the buyer regarding the purchase of the item then he should be able to explain clearly about the cost, standard terms & conditions for transportation of the product to the buyer.
• If the purchaser approves the terms & conditions, then the seller accepts the request for the product.
• The exporter should enquire about the financial soundness of the importer so that the danger of nonpayment does not take place.
• The export firm should have a permit before continuing with export.
• The export license enables the seller to carry out the production.
• The law of India ensures selective and incredible quality products to be exported out of India.

On the other hand the import procedure includes-

• Importing a product is to accumulate information about the nations and firms through trade organizations, trade directories, associations.
• The importer should consult with the export import policy in power whether the merchandise that he or she needs to import will be subjected to license or not.
• The suppliers should supply the product containing the following information with respect to cost, quality, quantity, size, packaging, shipping, delivery, mode of payment and so on.
• To avoid huge penalties the importer pays in advance to the exporter at the port.
• The supplier after loading the product on the ship dispatches the ‘Shipment Advice’ which contains information about the shipment of goods like receipt number, bill of lading or airway bill, the name of the ship with date description and so on.

Lastly, as the competition level on foreign trade is increasing day by day, without analyzing the export and import data it becomes difficult for the business firms to hit the right chord.

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