Import Export Business

The story of India's crude oil industry dates back to 1889, when the first oil reserve was discovered in Digboi, Assam. Today, with over 594.49 million metric tons of crude oil reserves, India is a significant player in the global energy market. However, with a population exceeding 1.4 billion and experiencing rapid economic growth, India imports around 82% of its crude oil to meet domestic demand. As the third-largest oil consumer in the world, this heavy reliance on imports makes India particularly vulnerable to global market fluctuations. In this blog, we’ll explore India's growing energy needs, recent trends in crude oil consumption, and key insights into India’s crude oil import data , including top importers, HS codes, and more. The Rise of Crude Oil Consumption in India India's economic growth has fueled a surge in energy demand, making crude oil a critical component of the country’s energy mix. However, seasonal patterns and climatic factors have led to fluctuati...

As one of the world’s fastest-growing economies, India has experienced a significant increase in international trade. The nation is home to 13 major ports, 12 of which are government-owned, and one privately owned. These ports are crucial to India's economic growth, serving as gateways for imports and exports, and connecting the country to global markets. With a coastline of 7,516.6 kilometers, India's peninsular location positions it as a key player in maritime trade. According to the Ministry of Shipping, 95% of India’s trade by volume is carried out through maritime transport, supported by these 13 major ports and an additional 187 minor and intermediate ports. In this blog, we will explore some of India’s major import and export ports, examine their significance, and look into the largest and busiest ports in the country. India's Major Ports and Their Economic Importance India has one of the largest exclusive economic zones in the world, covering 7,500 kilometers of...