Month: February 2024

The financial year 2021–22 (FY 2022) recorded the greatest-ever value of merchandise exports, reflecting the exponential growth of India’s trade statistics in recent years. The government is confident that it will achieve its US$500 billion export goal in FY 2023 thanks to trading in rupees and a number of recent bilateral free trade agreements (FTAs), including those with Australia and the United Arab Emirates (UAE). India also recently unveiled its National Logistics Policy, which calls for the seamless integration of various means of transportation by utilising technology, procedures, and skilled labour. As you can learn about this policy in any reputed import export course , this will increase the competitiveness of Indian exports around the world. The PM GatiShakti National Master Plan-aligned strategy will significantly expand India’s $200 billion logistics industry, facilitating efficient domestic and international trade. Due to India’s robust policy drive and significant infrastructure investment, exports and imports have increased recently. One of India’s most important commercial partners is the US, which overcame China in the previous fiscal year to take the top spot. UAE has also emerged as one of India’s major trading partners thanks to the growing oil trade. Increasing by 43.18 percent from US$291.18 billion in FY 2021 to US$417.81 billion in FY 2022, India’s exports of products reached a record high. During the same period, India’s imports of goods increased to US$610.22 billion, a 54.71% increase over the US$394.44 billion total from FY 2021.

India’s top exports

Engineering goods, gemstones and jewellery, petroleum products, medications and pharmaceuticals, organic chemicals, electronic goods, etc. are among India’s biggest exports. The main items that India imports include crude oil and petroleum products, electronics, gold, machinery, and electrical appliances, as well as pearls, semi-precious stones, semi-precious metals, and transportation tools.

Mandatory documents for export and import in India

For Export

Bill of Lading, Airway Bill, Lorry Receipt, Railway Receipt, Postal Receipt Commercial Invoice cum Packing list Shipping Bill, Bill of Export, Postal Bill of Export

For Import

Bill of Lading, Airway Bill, Lorry Receipt, Railway Receipt, Postal Receipt in Form CN-22 or CN-23 Commercial Invoice cum Packing list Bill of Entry Other important export import documentation requirements are GST Return Forms (GSTR 1 and GSTR 2) and GSTR Refund Form Exchange Control Declaration Bank Realization Certificate RCMC

How to set up an export-import unit in India

A company, partnership firm, or sole proprietary concern must first be established in accordance with protocol in order to launch an export business. Open a current account with a bank that is permitted to do foreign exchange business. The Income Tax (IT) Department’s PAN is a requirement for all exporters and importers. The IEC must be obtained in accordance with the FTP in order to export or import goods from India. According to ANF 2A, an application for an IEC must be submitted electronically to the DGFT, together with the required supporting documentation that is listed in the application form and payment of the 500 INR application fee online using net banking or credit/debit card. In order to receive an export-import licence or any other benefit or concession under the FTP 2015-2020, exporters must have an RCMC issued by the relevant Export Promotion Councils (EPCs), Federation of Indian Export Organization (FIEO), Commodity Boards, or authorities. In order to use the services and advice provided by EPCs, RCMC is also required. An adequate policy from the Export Credit Guarantee Corporation Ltd. can cover risks involved in international trade due to buyer or country insolvency (ECGC). In situations when the buyer places an order without paying in advance or opening a Letter of Credit, it is advisable to obtain a credit limit from ECGC for the overseas customer to guard against the risk of non-payment.

India exports timber since after Independence. The Export Import Trade in India is in bloom since ancient times. India was a land covered with trees and forests.

The potential to export timber was realized only after India won its independence. India made forests a responsibility of the people under the National Forestry Policy in 1988.

India Exports different types of Timber wood to the countries of the world. Here’s a variety of timber woods and what they are used for:

• Logs and Timber Beams are used as building materials
• Timber Wood sheets to make tables and doors
• The wood of Timber is used to make furniture.
• Timber Wood Beams to make pillars and other alike structures

Woods are used for more than many purposes. India exports the best quality of Timber to the world.

China is the largest competitor of India in Timber export. China ranks first in exporting Timber whereas India exports only 42 percent of its total production of timber.

India earns huge profits by exporting timber wood to the world. Here’s a list of countries where India exports and revenue we earn:

1. Seychelles – 65 Lac Inr
2. Kuwait – 46 Lac Inr
3. UAE – 44 Lac Inr
4. Nepal – 18 Lac Inr
5. USA – 18 Lac Inr

Indian sellers of Timber wood are many but exporters are few in number. It is advisable to export timber wood instead of only selling timber wood in the local markets.

India is a hub for exporting many goods across the world. India is in Trade relations with many countries and this facilitates Export Import Trade. 

Exporting to superpower countries has its own advantages and exporting to neighbouring Asian countries has its own. India exports to a total of 192 countries and hence flourishing in Export Import Trade.

If you feel inspired to read more about export-import, here’s a link:

Visit our page and let us know what you think about export-import trade:

There are new opportunities around every corner, all you have to do is grab them. Start this year with full power and energy. For those of you who wish to start your own business this new year, we have given you some ideas about how to do so. Export import business training will help you in starting your business. The export-import course will also guide you in product selection.   There are many products (which will cost low) with which you can start your business and earn a good profit. Join an online import-export course and start your business.  

Here in this blog, we have shared some ideas for you to start an export business. 

1 Spices-

India is a spice hub and one of the leading countries to export spices. Indian spices are incredibly famous and are in demand globally because of their strong flavour and smell. The total spice export of India was 1.4 million metric tons and 3.1 billion U.S. dollars in value from April to August 2023.   Top Importers of Indian Spices are- China, the US, Bangladesh, UAE, the UK, Hong Kong, Australia, Canada, Malaysia, Sri Lanka, Thailand, and Vietnam.  Main Spices Export from India are- Pepper, Cardamom, Chilli, Cloves, Ginger, Turmeric, Coriander, Fennel, Cumin, Tamarind, Fenugreek, Cinamon, Star anise, and Bay Leafe.  

2 Vegetables & Fruits-

The fruits and vegetables exported by India are of the highest quality with the best quality. Having fruit and vegetables on hand is one of the most important export products for India. There are many potential opportunities and demands for fruits and vegetables.  The top importers of fruits and vegetables in India are- UAE, Nepal, Bangladesh, Malaysia, Sri Lanka, Canada, Germany, Thailand, Brazil, and the UK. 

3 Readymade Clothes-

The clothing industry is growing and will never decline. Clothes are one of the best ideas to start small export business. Exports of readymade cloth from India are the sixth largest in the world.  In the six months from April 2023 to August 2023, readymade garments exports from India amounted to 6.03 billion U.S. dollars, and for August 2021, the figure was 14.15 million U.S. dollars. 

4 Handicrafts-

In India, the handicraft sector is an important part of the economy. Due to their uniqueness and great beauty, Indian handicraft items are highly sought after around the world. India exported handicraft items stood at $3.5 billion in FY 2019–2020. More than 50% of the total handicraft exports go to the United States and Europe from India.  Top Markets for Indian Handicrafts products- Europe, Africa, USA, South Africa, China, UK, UAE, and Canada.  

Main Handicrafts exported from India- metal ware, woodware, carpets, hand-printed textiles, imitation jewellery, stone crafts, scarves & shawls. 

5 Fish & other seafood-

The Indian seafood industry exported 5.96 billion in the FY 2020-21 and 12,89,651 MT of seafood worth USD 6.68 billion (Rs 46,662.85 crore) during 2019-20.  Top Seafood exported from India- Fish, Shrimp, Black tiger shrimp, Frozen fish & shrimp, crustaceans, and other marine fish. 

6 Textile-

All textile exports from India in the period April to October 2021 stood at US $233.54 billion. The industry is extremely diverse, and at one end of the spectrum are hand-spun and hand-woven textiles. India’s textile industry is capable of producing a variety of goods suitable for different market segments both within the country and internationally.   These exports include cotton, wool, woven fabric, man-made yarn, different fabrics, and handloom products.   India exports textiles to the US, UAE, UK, Bangladesh, Germany, Spain, France, Saudi Arabia, and Sri Lanka.  

7 Artificial/ Imitation Jewellery-

Every woman loves jewellery and they are in high demand across the globe. India’s imitation jewellery is growing fast. Imitation jewellery exported from India stood at US $140 million in the year 2020.   The top countries where India exports Imitation jewellery- are the USA, the UK, Nigeria, Iran, Spain, Saudi Arabia, Germany, and UAE. 

Conclusion-  

If you also see potential in these businesses with good returns with low investment, start your business. Hope you get some ideas to start your export-import business without investing much. These are some most demanded products worldwide and you can start your export business from India.   Join our free live webinar and start your import-export business with us.  https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8    Do give us a Visit!   

With the world facing a global crisis, it is no surprise that people all around the world are also facing an economic crisis, in the least. Export Import Trade has been an exception to this crisis as it is the only trade flourishing in such times. 

The reason for Export Import Trade running successfully at such times is the global need for pharmaceutical goods and others. India is exporting Pharma products since the beginning of the pandemic.

When the world is facing a global crisis, the Indian government decided, this week, to waive off the import duty levied on the life-saving drug, Remdesivir. The raw material required for the manufacture of the drug was also waived off the Import Duty. 

First of all, let’s begin with understanding what Import Duty mean. The definition of Import Duty can go something like this, ‘the type of levied on the import of goods and specific export of nation’s custom authorities.’ 

Import Duty is sometimes referred to as customs duty, import tax, import tariff or tariff. The amount of import duty levied is generally decided from the value of goods. Widely, a 29.8% Import duty is levied on the import of Pharmaceutical products in India after GST.

There are some pharma products that are exempt from import Duty levied, they are mentioned below:

• 3002: Human blood and its components
• 3006 and 4014: All types of contraceptive products
• Services provided by rehabilitation professionals for activities covered under the Rehabilitation Council of India Act, 1992.

These are the products on which 0% import duty is levied. The reason these pharma products attract 0% import duty is the fact that these are some most vital, life-saving drugs and services.

The Central government waived off the Custom duty of Remdesivir saying taking this step was a necessary deed in the public interest. Beta Cyclodextrin was also relieved off the Customs duty, which is an important raw material in the manufacture of Remdesivir.

As stated by the Finance ministry, the waiver of these materials is subject to the condition that the importer follows the procedure set out in the Customs rule 2017. The government further mentioned that this waiver of customs duty will remain in effect till October 31, 2021. Such a decision was made to increase the production of the drug to save lives fighting against COVID-19.

The government saw many benefits, in the public interest to decide to waive off the customs duty levied on Remdesivir. The surge in demand for Remdesivir over the past few days in India arose due to the severity of the second wave of the COVID-19 pandemic. With the second wave hitting the nation hard, the people and government are trying to stay in the fight, clinging onto Remdesivir.

The government is also trying to fight the hike in prices of these Life-saving drugs and their raw materials. The Minister of State for Chemicals and Fertilizers held a meeting with the manufacturers of drugs, asking for an increase in production and a decrease in the prices of the meds. 

There are seven Remdesivir manufacturers in India who has agreed to reduce the prices of the drug, for their own brands, ranging from 1000Rs to 2700 Rs. 

The government data shows that the seven manufacturers, together in India of Remdesivir drug hold the capacity of producing 38.80 Lakh vials per month. A Fast-track approval was provided by the government to these companies to increase their production of the drug to another 30Lakh vial per month. This will bring the total production of drugs to around 78 lakh vials per month.

This is the latest Government strategy to fight against the pandemic crisis. The strategy will not only help fight persistently against the viral disease but also increase the import of raw materials required for the manufacture of the drug.

As a result of this waive off, Russia, India’s old friend has come forth to aid, Russia offers India Oxygen and Remdesivir in the next fifteen days. Moscow offered a supply of 3 to 4 Lakh injections of Remdesivir per week to the Indian government. They are also willing to help India by providing Oxygen supply through ships.

Such are the impacts of waiving off Import Duty levied on Pharmaceutical goods, in India. Not only other nations are reaching out to with a helping hand in times of crisis, but it also sparks a ray of hope in the eyes of the sufferers.

The perks of being a part of the Exim Industry are ever present even in times of a global crisis. The best part of joining Export Trade is you can run it as a side hustle that requires only proper management and not absolute attention.

If you wish to read more Export Related blogs, here a link:

 https://digitalexim.com/blog/

Do visit our webpage and let us know how you feel about being an Exporter.

India is a part of the Export-Import Trade since Ancient times. Export is International trade in which goods and services produced by a nation are sold to the buyers of various countries. Export allows you to expand your business worldwide and earn more profit. Indian Exim Industry grew with the advancement and development of Export Import Courses.

Why Export is Important

• Exports play a crucial role in revenue generation and economic growth of a country.
• It offers business owners a wider global market.
• Bigger markets will hold to earn more profit than domestic.
• Benefits given by government.
• Help in creating more employment.
• Maintain a healthy relationship between the two countries.
• Exchange of foreign currencies.

When a country exports more than it imports, it directly impacts the economic growth of the country due to high fund flow. This Pandemic was tough for many of us. It challenges and opportunities for many, and those who overcame their challenges changed the world for good. The Exim Industry witnessed growth like never before and Indian Exporters earned huge revenue when other businesses were facing severe crisis and loss!

India’s Exports this July:

India’s merchandise exports rose to a record high of $35.2 billion in July 2021. The export boost has led to a sharper economy in the country after the second Covid-19 wave. India’s economy has been recovering steadily after the deadly second wave of Covid-19 dented the GDP growth outlook. One of the factors that played a key role in the recovery is the improvement in merchandise exports. Merchandise exports from India hit a record high of $35.2 billion in July 2021 — the highest-ever monthly figure in the history of India. It is an increase of 47.91 percent over $23.78 billion in July 2020 and an increase of 34 percent over $26.23 billion in 2019. The government has set a merchandise exports target of $400 billion for the year 2021-22 and $1 trillion in the next five years. Petroleum Products lead the export cart with a rise of 65 percent, followed by engineering goods with a rise of 50 percent and inorganic chemicals with a rise of 36 percent. A spike in oil exports boosted the overall merchandise exports to a high-level record in July. The country’s exports are likely to rise further as global trade activity gains momentum. The data released by the Ministry of Commerce indicates that Indian exports have gradually grown after the first wave of Covid-19 disrupted world trade. In 2021, Indian exports seem to be rising faster than ever.

Exports remained above $30 billion for the fifth consecutive month in July with the previous peak in March at $34.5 billion. Total exports during the first four months of 2021 stand at $130.6 billion, which is 22 percent higher than 2019. Imports of gold were up 135.5% to $2.42 billion and pearls, precious and semi-precious stones were $1.68 billion in July. While imports of transport equipment, project goods, and silver shrank last month. Imports during the first four months of the year increased by 94 percent to $172.5 billion. From India the maximum increase in exports was to the US  with $6.7 billion then UAE with $2.3 billion, followed by Belgium with $826 million. While India witnessed a maximum fall in exports with Malaysia, Iran, and Tanzania.

Explaining why Exports Surged this July:

The Exim Industry has been a ray of hope for millions this year. The Export-Import Business grew because the global need was still there and India had the resources to fulfill the same. Indian Exporters changed and re-furnished many strategies to complement the increase of Exports from India. With other businesses crumbling and falling left and right, export-import trade flourished.

The export of Petroleum increased from India since the Middle East was also affected by the pandemic. The world’s policy of having another option for when China is not able to fulfill the world’s demand was an added benefit for the increase in India’s exports. The world’s economic giants, looking at the Pandemic had decided that their reliance, majorly, on China for the supply of goods and commodities might turn out to be more dangerous than they had thought to be. Rising exports are a good sign for India as we are still recovering from the Covid-19 economic shock. With the implementation of lockdown measures to stop the spread of Covid-19 export and imports dropped in the first few months of 2020-21. India is rich in resources and Indian Exporters have been in the export-import Trade for a long time to sense the opportunity and dive deep into it! Indian Exporters had this sense of supplying the needful to the world and strategizing accordingly. If you still are wondering which product to start with import export training courses will assist you in International Trade. Digital exim provides you best import-export consultancy services with over 33+ years of experience in international trade. Our trade managers can solve any problem with personal consultancy. Digital Exim provides India’s only Integrated Export, Import, Shipping, & Logistics Program. We are one of the best because we are not an institute we are providing you with consultancy. Your export trade too can make you a millionaire if you make the right choices. You can easily earn more than your peers by investing properly. The Export Import Trade can be your ‘Big Thing’ but you need to take some steps in the right direction. Feeling inspired already? Join the best import export consultancy services to learn more about Export Import Business. You can visit us at our HQ in Ahmedabad too!

International trade or export-import is the need of the hour. Even a small trader through International trade can expand his product to the whole world. There are many ways to know about the trade but what can be done to find out from experienced ones? Import-export business courses can assist you in becoming a master in international trade. With that, you can also go for International trade market books for some worldwide experiences as we all know the fact that books are best friends of humans. Digital Exim is one of India’s oldest and most experienced consultancy with 33 years of experience which provides export, import, shipping & logistics programs. We assist in entering the world of the International trade market with our years of experience and knowledge of trade managers.  

Benefits of Export Import-

•         Provides Large Market which results in more buyer/ seller
•         Benefits provided by the government
•         Export-Import helps in employment generation
•         Large markets provide more profits to investor
•         International trade can be helpful in times of crisis
•         And most important it helps in the exchange of foreign currencies which lifts the country’s GDP

We are blessed with such great authors and books that guide us to enter, sustain, understand and run a successful export or import business. So, here we have mentioned top International trade market books which will guide you in your export import business.   1. International Trade Law Statutes and Conventions 2019-2021- The book is written by Indira Carr, Jae Sundaram and published in May 2021. This book contains legislation for international trade law. 2 International Trade in Forest Products Lumber Trade Disputed Models and Examples-  One of the recently published book on international trade. This book was written by Professor G. Cornelis van Kooten, Linda Voss, Joseph Buongiorno and was published in March 2021. The book describes economic theory, mathematical programming and statistical modes. 3 Handbook of International Trade Agreements-Author of the book is Robert and was published in October 2018. The book explains and examines international and regional preferential trade agreements. It offers strengths and weaknesses of agreements.  

4 Export Procedures & Documentation- The book explains about the sea rules, regulations, and paperwork. It also informs about license requirements, valuation, and export control reform act. The book was written by Donna L. Bade and was published in February 2015. 5 The Practice of International Trade- This book offers information from the base like the product, buyer, supplier, intermediaries in overseas trade, market identification, and business relationship. The book was published in October 2012 and was written by Karl Miville de Chene. 6 Global Trade Policy: Questions and Answers- This book written by Pamela J. Smith covers questions and answers of international trade theory and the changing policy. This book was published in June 2013. 7 Agricultural Supply Chains and the Challenge of Price Risk- This book is written by John Williams. This was published in November 2013.  The book analyses price risk management strategies. It discusses price risk challenges with the agricultural supply chain.  

Conclusion-

These books will help one with the past, current and upcoming trade scenario. They explain the trade system from the 80s to the current situation. These books give enough information about the whole concept of export import business. All these are available in market, online platforms, and e-books.   So now you’re interested in International trading. Can visit the link below to known more: https://digitalexim.com/advanced-export-import-program/ Give us a visit to know about the export import Industry.

India is a developing country and technology and software play an important role in the development of any country. India is not only in product exporting but in technology exporting too. Export-import course online teaches the best way to know about software exporting and export-import courses in Ahmedabad provide an understanding of how software has revolved the world.  India has the potential to become a global superpower in the knowledge economy. Software and services will contribute over 7.5 percent of the overall GDP growth of India.

 India Software Export:

 India’s exports of software services are estimated at US $133.7 billion during 2020-21. Registering 4% growth from the previous year.  The share of off-site mode of exports of software services has increased gradually to 87.1% in 2020 from 80.1 % five years ago.  Computer services and ITES contributed 65.3% and 34.7% of the total software services exports.  The United States was the major destination for software exports accounting for 54.8%, and Europe had a 30% share.  Total exports of software services, including services delivered by foreign affiliates companies, recorded 2.1% growth during 2020-21 and stood at US $ 143.3 billion.

 Services that can be exported from India:

• Professional Services-   legal, taxation, accounting, auditing, architectural services
• Research Services-  R&D services on natural science, interdisciplinary R&D services
• Rental/ Leasing Services without Operators-  Related to ships, aircraft, transport equipment
• Audio-visual Services- Sound recording, motion picture projection services
• Construction and Engineering-related Services- Construction work of building, civil engineering, assembly work
• Educational Services- Primary, Secondary, higher, and adult education services
• Environmental Services-   Sewage services refuse disposal services
• Health and Social Services- Hospital services
• Tourism and Travel Services- Restaurants, travel agencies, tourist guide services
• Recreational, Cultural, and Sporting Services- Entertainment services, sporting, libraries, museums services
• Transport & Auxiliary Services-  Passenger, freight, transportation, rental of vessels, aircraft
• Other Business Services-  Advertising, photographic, packaging, printing services

The software industry is seen as the strongest industry as compared to other industries throughout the world because of its large economies of scale and insatiable demand from both consumers as well as producers. India’s IT industry has recorded an exceptional growth rate mostly after the period of liberalization. The domestic software industry growth rate was even higher than that of the global industry. The full value of the software exported as declared on the SOFTEX dorm or as certified by the officials concerned of the Government of India, whichever is higher should be realized on the due date of payment or within 180 days from the date of invoice whichever is earlier. The demand for IT and software has increased so much with time that every business, whether big or small, needs a website or software to run their business smoothly and efficiently. This is the reason why Indian software export companies make more profit than any other business. Digital Exim provides online training. It is India’s only Integrated Export, Import, Shipping, & Logistics Program. Digital Exim provides export import classes, 6-month consultancy, and a lifetime help desk. Attend a live doubt-solving session with our trade managers.  Do give us a visit!

SWOT analysis is a technique used to guide decision-making and determine the pros and cons of an organization. SWOT stands for Strength, Weakness, Opportunities, and Treats. It is an insight into the four areas of an organization. Import-export classes online will teach you the ways of analyzing SWOT and learn export import with import-export training in India to give a fresh start to your business. The SWOT analysis shows where the company is, where it will be shortly, and what it Plans. It helps to reduce risk for the company. It is a technique that helps an organization to make a goal and grow its business. Import and export courses online will help you understand how SWOT is beneficial for you and your business.

SWOT is further divided into two parts-

1 Strength and Weakness-

There are internal factors affecting strength and weakness in a company- things over which you have control, for instance, what you provide that others do not, or what to be improved within your organization.

2 Opportunities and Threats-

The Opportunities and Threats are influenced by external factors of the company- things that happen in the market outside of your control, so you have to deal with them anyway. SWOT analysis not only helps an organization to run smoothly but also helps individuals to manage their lives in general.  

Strength– Strengths of your company are excellent interpersonal skills, handling customers, financial resources, team strength, and quality of the product or services. Weakness- It can be a lack of funding, low technical skills, customer churn, or production overhead. Opportunities- Attract a larger target market, keeping customer satisfaction high, after-sales assisting customers, and increasing market share. Threats- Big competitors, customers taking time, cost & investments, mismanagement in supply chain, market requirements.

Additional Points-

• The SWOT analysis is most effective when diverse groups of employees within an organization are encouraged to provide realistic data rather than prescriptive messages.
• SWOT analysis has the primary purpose of assisting organizations in understanding the factors influencing business decisions.
• SWOT analyses are most commonly carried out by business entities, however non-profit organizations, as well as individuals may use them to assess their situation.
• Find the objective of your SWOT analysis. Do market and industry research to grow your business.
• List down all your strengths, weaknesses, opportunities, and threats so that you can work effectively on it.

• SWOT analysis is equal to brainstorming meetings, and there are many ways to run them whether it be right or wrong. Let everyone speak their heart, who knows if someone else has a great idea with a new thought.
• You can still do a SWOT analysis if you run a business on your own. Seek additional opinions from friends who know your business, from your accountant, or even from vendors and supplies. It is important to have several viewpoints.

Conclusion-

Following an analysis of all four SWOT elements, you’ll want to build on your strengths, improve on your weaknesses, address any threats, and take advantage of any opportunities. You’ll likely find yourself with a lengthy list of possible actions. Export import business training will provide you with insight and knowledge of how SWOT works. Join a free webinar on Digital Exim and learn how you run your business smoothly. https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8Do give us a visit!

There are many Export Import Courses in India but you might find many of them are not able to convince you. It’s not that the services don’t appeal to you, they are not able to communicate effectively with the audience. 

Psychology says, ‘The first impression is the last impression’, which stands true in many cases. Communication is one such skill that can leave a long and lasting impression on a person’s consciousness. A lot of people find communication difficult, in which they are unable to express themselves in the best possible way.

You may be a very good speaker but with a different audience, you might not be able to reach out your ideas the way you used to with the known audience. This generally happens when the speaker is a native English speaker while the audience is not, or vice versa.

Even with the English language, with slang and accents being different, the language of communication can pose a difficulty.

First, let’s check out the points a speaker should take into consideration and then look at the communication required for running an efficient EXPORT IMPORT BUSINESS.

STYLIZING YOUR COMMUNICATION SKILLS:

Depending upon the nationality of your listeners, you must adapt the way you communicate. Clients from the US will expect you to be informal and direct, where you can directly address them with their first and/or last name. Likewise, use titles and formalities as and when necessary.

INCULCATE WORDS OF THE LOCAL LANGUAGE:

Learn a few words of greetings in the local language. Your ability to converse in the local language can be limited, or non-existent but you can always learn a few words of greetings. This will help develop goodwill in the consciousness of your clients, which is a welcome gesture.

Also, remember to keep the comments made in the local language precise. You don’t want to mispronounce something important and generate a feeling of annoyance instead of goodwill.

SPEAK AUDIBLY:

When you are delivering a great speech, the last thing you want is to be misunderstood. Read into your audience and see if they can follow through. If you have a habit of speaking fast, your listeners might not follow every word you say and miss out or misunderstand an important word. You must always keep your audience’s comprehension in mind.

BE DESCRIPTIVE, BUT DON’T OVERDO IT:

Be specific about what you want to convey but don’t linger a lot on one particular topic. Keep your statements descriptive but precise. They say, ‘A picture is worth a thousand words’, and so it would only do you good if you add pictures and little animation in your presentation.

DON’T HIT WHERE IT HURT THE MOST:

Don’t mention incidents or references that have a negative and/or hurtful effect on the audience. Unless you have a reverse psychology backup plan ready to soothe that wound.

Be mindful of the humor you are willing to use in your speech. A joke is funny only if it is conceived by your audience. You can crack jokes at yourself, it will do you no harm and your audience will be able to relate to you, going through similar dilemmas of life.

HIRE INTERPRETER:

When you find yourself in a situation where you are dealing with an audience with a different language, one way to overcome this is to hire an interpreter. An interpreter will simplify your communication and will also reduce the chances of misunderstanding.

You can also hire an interpreter who is specialized in your field of work. When you use words or phrases typically used in your field of work, the interpreter will be able to properly understand and translate them.

You may not always communicate with a live audience. More often than not your communication is through the website or your company brochure. Let’s look into how you can communicate through social media and reach out to your clients.

WEBSITE:
Your website is the first impression that your clients are going to conceive about you and your business. You want it to be of the best quality. Invest in making a good and attractive but most importantly your trade-related website.

You can also incorporate pages that clearly show your achievements, the services you provide, and the testimonial page. This will help you build trust in your clients and make them feel welcome.

HAVE SEO:

A good website will only be able to reach out to the audience if it is well written too. SEO is an abbreviation for Search Engine Optimization. This technique helps you find important keywords and incorporating them in the right place increases your chances of being seen more often.

Find a good SEO team and don’t hesitate to invest in them, you are more likely to get new clients. A good SEO team will help you distinguish your website from others and in a way make it unique, which is worth it.

BE ONLINE:

Since you have invested so much in making a good website and getting a good SEO team, make sure that your investment and efforts don’t go in vain. Try to be online as much as possible. Make sure you are seen online in the form of your blogs, videos, and/or images related to your trade.

Having a conversation with one of your clients or with people interested in trading with your company, every once in a while helps you generate a feeling of contentment. Your clients feel attached to you when you talk to them or respond to their queries.

HAVE AN ACTIVE SOCIAL MEDIA TEAM:

With the world becoming digital and social media influencing people more than ever before, it becomes necessary to be active on all social media platforms. Hire a social media management team, which will help you create and manage social media posts.

Social media can also serve as a very good platform for you to promote your services as you can reach out to a whole bunch of people at once. You can also flaunt the offers your company provides on social media platforms.

You may inculcate many or all of these for the betterment of your company and business but nothing beats constant efforts to strive and hustle. You may have hired the best of people from the industry but they will only yield results when you practice what you preach. You must not only rely upon your team to do your work, but you must also be ready to grind.

If you are willing to read more about EXPORT IMPORT BUSINESS you can go visit this link below and be enlightened.
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You can also visit this website and relate to what is written in this blog and know all about EXPORT IMPORT BUSINESS.
https://digitalexim.com/

International trade gives you the chance to expand your business worldwide and earn more profit. Before getting to issues faced by people while international trade let’s know more about international trade. ” In layman’s word international trade is the exchange of products and services. ” International trade comes into existence when nations have less recourse, to satisfy the needs international trade started. In recent years international trade has increased due to the advantages we get like a large market with good profits, benefits by the government, and lots of more. International trade isn’t as simple as it looks so, we are here to guide with an online import export course.  

Types of Global Trades:

• Export Trade: Export is International trade in which goods and services produced in a nation are sold to the buyer of various country. 
• Import Trade: Import is International trade in which goods and services are bought by a nation from other countries to fulfil the domestic needs. 
• Entrepot Trade: Entrepot trade means re-exporting. Entrepot trade is importing goods and services from a country and re-exporting it to different countries at a higher price. 

  Digital Exim provides India’s only Integrated Export, Import, Shipping, & Logistics Program. We are one of the best export import business consultancy with over 33 years of experience in export. Our experience speaks and our actions work. We give you training and personal consultancy with our years of experienced trade managers. You have a problem, we have the solution. Joint with us to know A to Z of International trade.   But before that let’s talk about some common Issues traders face while International business.1 Inaccurate Documentation- It is one among the foremost common issues a new trader faces. As there’s an inventory of documents exporters and importers need to prepare. This involves export import licence, shipping bill, entry bill, letter of credit, warehouse receipt, and lots of more. This should be the primary step to possess all the accurate documents.

2 Shipping Issues- You have to make sure that shipment arrives on time, in the right place at the right time. You’ll need to plan everything. Finding fast and reliable shipment is what makes it easy. As per your product you’ll need to decide whether you would like to ship by land, sea, or air.  3 Lack of trade policy/ restrictions knowledge- International trade market has many policies. To be a champion in export import, trade policies should get on your tongue. With that there are many restrictions in trade and it varies from country to country. Not knowing about the policies and restrictions will end up costing you fine and penalties. 4 International market knowledge- You have decided your product, country, everything is final but do you know about the international market? One should have all the knowledge of the market he/she is going to sell or buy the merchandise. Know the cultural, social, and economical factors of the market. 5 Countries law and regulations- Knowing the country law, rules, and regulations in which you are going to sell or buy is a must task. Every county has their own laws and regulations for trading. Every trader must be aware of the same.

6 Background Check- Your trade partner should be trustworthy. Confirm to cross check your client’s background. Check your client reputation, business history, and financial status. Avoid connecting with companies you’ve doubted or have any bad business history. 7 Currency Exchange Rate- If you don’t know the currency exchange rates in international trade, you’ll find yourself making wrong decisions. You’ll make a wrong profit calculation and will make your future plans or trade with that amount making it a wrong plan. Currency rate fluctuation is one of the most challenging problems.   Before going International, traders must plan all the above mentioned factors carefully. Especially to the ones who are new in this business. Find the trouble spot and make a path in between, homework is must before the real execution. International trade brings you new opportunities to shine, get your doubt clear with us and become a trade master. Hope now you are more into international trade, for more visit the link below: https://digitalexim.com/advanced-export-import-program/ Give us a visit to know about the export import Industry or Call +91-9898724798.