Tag: learn export import

Have you ever considered beginning an import-export company in or with Korea but are unsure how to proceed with the formalities? You can speak to the experts of Ahmedabad export service regarding the stages and procedures, how to successfully conduct an export-import business in Korea, what profitable import-export items and ideas there are, as well as the business culture in Korea. With a GDP of $1.8 trillion and a per capita income of 34.865 USD, Korea has the 10th largest economy overall and the 4th largest economy in Asia. There has been a huge development in the local economy – thanks to the improved transportation infrastructure systems, such as roads, bridges, and ship networks. As one of the emerging Asian dragons with a strong economy, Korea is turning into a preferred business destination. Enroll in the import-export courses online to understand more about the scope of the business.

Advantages of doing business in Korea

In terms of ICT, Korea is ranked first out of 152 developed nations. South Korea is at the top of the world in developed industries such as machinery manufacture, electronics, chemicals, shipbuilding technology, and automobiles. It is one of the nations with highly regarded educational systems, which aids in the growth of a sophisticated economy with high-paying jobs. This shows that Koreans can afford to buy high-quality goods because their average annual salary is over $30,000 in Korea. Agriculture and seafood imports are extremely important to Korea. Since Korea is essentially an island nation, it lacks sufficient agricultural land. One of Korea’s key imports is and will continue to be basic agricultural products. The main natural and energy resources, as well as rare metals and chemicals, are also lacking in Korea.

What are the downsides?

Finding foreign partners that can produce goods that match Korean standards necessary for imports, such as food products, is challenging for Korean importers. Food safety and cleanliness are held to extremely high standards, and deep processing is required. One thing to keep in mind is that Koreans are devoted to the goods made in their nation. This is not a smart move if you want to compete with domestic products. Because Koreans still favor using their stuff, regardless of how amazing yours is. You can, however, also use a variety of methods to market your goods, encourage import and export through various channels, or give Korea raw supplies. People who wish to sample products from international brands will always exist.

How to export things from Korea?

Step 1: Create the export business plan

Make sure you have a detailed plan for your export-import firm before you start anything. It’s crucial to complete market research before completing the plan. The major points of the plan should include: deciding on the best export items, determining the setup timescale, location, budget, and financials; developing a marketing and sales strategy; identifying your competitive advantages and weaknesses (SWOT analysis); and any other pertinent information.

Step 2: Select the suppliers and products for export

Find and choose trustworthy and affordable suppliers with whom you can begin working as an agent or direct trader. To achieve this, you must carry out a market analysis and have answers to the following questions: What should the product price range be?, What standard of quality should there be? Understanding the packing and branding visuals. Attend regional fairs and exhibitions for the best information. There, you can gather data from both customers and suppliers. The most crucial step is gathering market data from the perspective of the customer to ensure that all potential customer needs are met. Based on this, you can specialize (find your niche) and choose the manufacturers and suppliers who are best able to produce goods that satisfy Korean clients’ commercial and technical needs.

Step 3: Proceed with the export marketing

You must do focused marketing and sales if you hope to attract people who will ultimately purchase your goods. Your customers and the channels they use determine your marketing and sales strategies ( you should deliver the marketing messages in their channels). You can use both online and offline channels and techniques for marketing. You can publish a few product introduction pieces with material that demonstrates the integrity of your products while making it simple for customers who want to buy from you to view and be impressed by them in the chosen media channels, forums, groups, social media, and specialized applications.

Step 4: Sign the export contracts and receive the deposit

It’s important to establish a commercial contract to ensure that your exports will proceed without a hitch and meet your agreements after negotiating and receiving orders. When negotiating a contract, you must display professionalism because Koreans are meticulous, and straightforward, and demand a high level of professionalism. You should avoid making unnecessary mistakes like time lags, spelling errors, etc. Since the majority of Koreans have advanced degrees, fraud cases are rare. Nevertheless, you must exercise caution while dealing with each partner and refrain from making snap judgments about them.

Step 5: Pack the products, prepare the delivery terms and related documents

Korea has its specifications for product packaging. You must be mindful of the unique labeling regulations for each product. Korean should be used on the labels of exported goods to identify their country of origin. The following information must be listed as the primary content of product labels: Name of the product, manufacturing date, and batch information; Manufacturer and importer names and addresses; Amount; amount of units; Preservation technique; material composition.

Step 6: Buy insurance

Insurance is available for export services. To avoid transit issues if you do not employ an export service, you must get shipment insurance. Most international freight companies, like DHL, UPS, TNT, DSV, FedEx, and others, can also provide you with insurance. Typically, the insurance coverage ranges between 0.02 and 0.5% of the item’s worth. The greatest way to safeguard the contract if you don’t want to cover all potential damages is through insurance.

Step 7: Custom procedures and track the delivery

The exporter must complete the export processes through the customs of his nation. The exporter may delegate this task to a customs agent, a freight forwarder, or a transport business. Experts advise outsourcing this to international shipping providers like DHL, TNT, and DSV. You will have to pay several hundred dollars for the export declaration and related processes. Customs clearance for exports is always simpler than for imports.

How to import goods from Korea

Step 1: Identify the products to import

The demands and tastes of both Asians and Europeans may generally be satisfied by Korean items. Korean goods come in a variety. Although it may cost more than goods from China or Thailand, buyers value it more for its great quality and trust it. You must ascertain your company’s needs to choose the products you want to import. You can import electronics, computers, phones, components, clothing, fabrics, cosmetics, and food for your company.

Step 2: Find the source of suppliers

Choosing the goods you wish to import is the first stage; the next is locating suppliers and partners. Partnering with Koreans will benefit your import firm because Koreans have a good reputation. You can advertise on websites that you are looking for products or request product recommendations from others in your industry. You should look for partners who share your ideals and outlook on business when selecting partners and suppliers.

Step 3: Check the samples before ordering goods

You can email a request to try the samples to ensure the product suits your needs. The next steps might be taken once the partner or supplier approves your requests.

Step 4: Sign an international sales/purchase agreement

It’s time to prepare an international sales and purchase agreement with your supplier and agree to all the terms after making sure the products fulfill your criteria and the pricing is reasonable. All pertinent terms and conditions, including product quality and how to check it, packing method, pricing, warranty, audits, terms of payment, delivery terms, delivery schedule, and penalties, must be agreed upon within the ordering contract.

Step 5: Make payments

Once the contract has been correctly signed, you can move on with paying your provider in advance by the terms of the agreement. Experts advise paying no more than 30% in advance, and the remaining balance when the goods have been checked and are ready for delivery. Use PayPal or Alibaba payments if the supplier doesn’t deliver the items; with these suppliers, a refund can be requested.

Step 6: Track the shipment and receive the goods

The delivery party will send the products to you after you and the sales party have reached a sales agreement and payment has been finalized. You follow the shipping procedure and accept delivery at the meeting location. Depending on the laws in your country, you could have to pay import taxes

India is a nation filled with countless hopes & courage to fight no matter what comes. This time, through this motto of ‘Vocal for Local’ huge benefits this nation can acquire.

The Significance of Indian Products in the International Market is quite high, we just can’t deny this. See, the dependency on other nations has reduced though but still, we need to improve, improve and improve in the export-import industry. Here the right thing is the #atmanirbharbharat movement, hats off to the government of India for encouraging exports rather than imports. This action fits perfectly with the current situation in India. 

In earlier time period of this Pandemic, India Significantly suffered a lot economically which resulted in a downfall in its G.D.P as well. Here, believe it or not, ‘Vocal for Local’ is the perfect motto that fits to recover the loss in such tough times. There is no doubt that India needs to not be dependent on other countries from now onwards especially. We still need to focus on other factors such as production & manufacturing that will lead to exporting them. Hence, #nomoredependency on other countries. 

Vocal for local Indian brands

Most of the Importing product has a substitute as an Indian Brand, which might be more or less profitable. From now on, the consumers need to know the importance of Indian Brands logically and they should go vocal for local here after checking certain quality of the respective products. 

Vocal for local benefits in India

This is what tells the whole story! India has countless benefits from this motto as per the circumstance. Employment opportunities will be created, poverty can be reduced, and other such factors are to be considered here. 

Export-Import Industry 

Exports are in a better position than import trade. Hence the dependency on imported products is reducing, the opportunity to go to Atma nirbhar( self-dependent). The same goes with the Steel sector and engineering goods as their demand falls, many leading companies are shifting to exports instead of selling much in the domestic market so that they would at least survive steadily. 

*–^^–*For the upward line in the export sector an average proportion of credit also goes to the Indian government for running different export promotion activities and schemes under the current ‘Foreign Trade Policy’. Check Out the full blog ‘Impact of Pandemic on Exim Industry’.

Conclusion: 

Export-Import business in India plays a huge role in boosting the nation’s economy. To become the best, we need proper training to reach the top. Digital Exim, is the perfect land for export import ultimate guidance. Call 9505506333 to join India’s best Export Import Consultancy Group Today. 

That time has gone when people used to struggle hard to even turning on the internet from Mobile. Now with advancement of Time live export import courses are rocking everywhere.

Let’s check what are the benefits of online exim courses.

We’ve got to start making people realize that it’s a proud thing to run a business, to export your goods around the country.

– Karren Brady

1) Modern Era – Change

The Day people decide to do something out of the box is the day they win. See nowadays the stop of excuses has gone, you ought to change with time. Export-Import Industry works the same way. Online Export Import Institute adopted virtual consultancy through different mediums to guide future exporters. Any Export Import Institute that did not change to online consultancy in this pandemic then their end might be near. Words sound harsh but the door growth naturally shuts off for such export import institutes.

2) Anytime – Anywhere

Time can be consumed through an online live Live Export Import Course. Hardly it takes 2 hours a day, you can manage your time accordingly. Also in case of too much of a hectic schedule, you can attend an export-import class during breakfast as well. See there are many tasks that we do in our daily life. Therefore thanks to this modern world for introducing this great technology. In Offline Export Import Courses, half of the time gets consumed in traveling only. This is why for all those workaholic exporters, online export-import classes are best.

3) Review Export Import Session

There are many things available for Online Classes which are not there offline. In hours of export-import online classes, you can go through the whole video again. Great feature, isn’t it? I am not sure if all the mediums but most platforms have this feature. So even if you missed the export-import class due to some reasons, you can watch it once you get free. This is how the modern online exim course takes place in modern times. 

4) New approach, New Place 

In offline Export Import Classes, there is a sitting arrangement but digitally it’s not. The time is so advanced that the students can sit wherever they want. They are not bound with any restriction but discipline is a must. Turning difficulties into opportunities is something that everyone should believe in. In this Tough Time everyone wants to be the best but changing with time is something that passionate people do. 

5) Boosted Confidence 

Asking Questions during an offline course is something that not everyone feels comfortable with. Here as the discussion related to export import is mainly healthy, students feel comfortable in asking questions. Also in an Online Exim Course, whatever doubt or worry arises in your mind, you simply just ask it out. 

6) Cost Saved

Though the Live Export Import Course cost remains the same both digitally & offline still your expenses get reduced. Your travel expense is a major thing that should be considered first here. Though you might use your internet or Wi-Fi we all know the charges of Internet Pack is quite low in India. Your Time is also the most valuable thing, so indirectly you are saving!

Why us?

Currently the Best Online Export Import Institute in terms of total practical guidance. Our Various programs define what a dedicated & ethical Group Does. Our Super responsive experts team makes your Online Exim Course reliable & best. Also, our features in export import consultancy are extraordinary that no other institute has currently in India with this much of fee. There are dozens of tasks and USPs of our Program be it: ‘Advanced Export Import Management’ which are just remarkable.  So why to think more? Join Our Online Exim Course now! 

Conclusion

I know that before joining an online exim course the trust factor is not 100% but you have to think & act. Join Digital Exim today, the best export-import Institute in India. Digital Exim, Nowadays online export import institute to guides future trading stars practically with ultimate virtual support. We have undoubtedly the pioneers of Export export-import industry for 3 decades. Live Export Import Course with total Guidance under experts. Call at 9505506333 or follow us on our Instagram account & become the No.1 International Businessman.  

Export Import Business is not new to mankind, it is indeed an ancient one. Countries all around the world have been in this Export Import Trade to gain an economic edge over others.

Even in historic times, with the volume of Indian trade and the range of commodities entering into the trading list, India was better compared to contemporary countries. Indian ports were busy and the Indian economy was richer in old times compared to the present times.

Before 1813, Indian export import included manufactured goods, articles of metal, and luxury products. This pattern of trade was replaced by the import of manufactured goods and the export of agricultural raw materials and food grains.

The trade statistics of the early years of the British East India Company are not available. However, some institutional changes did take place during this time period.

English, Dutch, French and Portuguese traders, and merchants majorly conducted trade in India. But the revolution in 1757 strengthened British supremacy and as a result of it, they monopolized trade in India.

During the outbreak of World War 1, the emergence of multilateral trade was observed. India’s foreign trade saw an economic rollercoaster during this time period.

After India won its independence, India’s trade fluctuated but because of supportive Indian trade policies, Indian exports grew.

The Government of India for the first time introduced the Indian Exim Policy on April I, 1992. In order to bring stability and continuity, the Export Import Policy was made for the duration of 5 years.

The need for Export Import Industry is high and due to widespread and acceptance of E-commerce, Export Import has become of more value.

To become an Exporter or an Importer, it is important to have technical knowledge instead of just having academic knowledge.

Mentioned below are some top skills one might require to become a successful Export Import Businessman.

• Finance and Budget Management

Financial stability is a must for any businessman and this holds true even for an Export Import Businessman.

Indian Budge is formed in such a way that it especially allows Indian Exporters and Importers to set goals and priorities for that financial year.

Finance management skill is valuable for export import traders working with small businesses since such organizations operate with a small budget. Hence, huge fluctuations from the plan of action more often than not prove to be harmful.

• Technological Support

The use of basic technology has become second nature to mankind unless a caveman finds his way in the 21st Century. 

Some of the most important things technology has helped small businesses with are leveraging capital efficiently, improve customer service skills, cost-cutting by automation, online documentations, and global outreach.

Technology helped small and big businesses to reach out to the world and showcase their products.

• Understanding of International trade

Different countries are governed by different rules. Trade Compliance is the process of understanding the import export laws and regulations of a country and trade agreements it has signed.

These are the people who need to ensure that the employees are well aware of the country’s updated import export laws and regulations. The risk involved in the failure to understand these formalities may result in penalties, hold-ups, or soaring of relations with the customer country.

• Networking Skills

One of the key responsibilities of an export-import manager is communication with customers, freight forwarders, transport service providers, etc. Such relations must be maintained and nurtured.

An easy way to connect with customers is through Social Media. Most of these platforms allow easy access to create profiles and pages that can be used to interact with customers.

Nurturing these relations is advantageous. Firstly, it builds loyalty in customers, and secondly, service providers and government officials may be responsive in times of trouble. 

• Analytical Skills

Data analysis helps small and medium businessmen to attract more customers. The business generates data and analysis of this data can give businesses a clear insight into customers’ behaviors and demands.

Exporters could gather this information and improve their services and gain higher levels of customer satisfaction.

• Accountability and adaptability

Taking responsibility or ownership for work, adaptability is defined as a person’s ability and willingness of a person to accept new ways of thinking and behavioral patterns.

Such a skill can prove to be very useful in the export import business as a person with well-adjusting nature is more accepted among customers than the one with a rigid or conservative attitude.

• Digest Feedback and Criticism

People in higher positions are majorly reluctant towards taking criticism. Customer feedback is a very important aspect and hence must always be heeded.

Keeping the customer at the center of the business is a good practice that enhances the reputation of the business. This leads to mouth-to-mouth sales, which is excellent for any business.

These are the skills that are required to become good and successful in the Exim industry. There are always more than one ways to arrive at a particular destination. The ways we choose to achieve our goal defines us.

The Exim industry has good scope and a successful career in the Exim industry is not a Myth. Knowledge and proper implementation of the acquired knowledge are most important to make any business a success.

 To know more about Exim Industry, you can click on the link below 

https://digitalexim.com/

To read more Exim related blogs, click on the link below.

https://digitalexim.com/blog/

Payment terms are the requirements both parties agree to in order to finish the payment process. Generally, exporter wants to be paid before releasing products, and importer wants to receive merchandise before making payment. Learn export import online with us and have a deep understanding of international trade payment methods.   Choosing an appropriate payment method that is advantageous for both the exporter and importer is crucial to increasing business at an international level. In international trade, different payment methods and terms are available that both parties can select according to their convenience. 

Different Types of Payment methods- 

1 Cash in Advance- 

In simple terms, cash with advanced is a method where the payment is received before goods ownership is transferred. It is also called cash on order. Options for payment include wire transfers, international cheques, and payments by debit cards.  It is one of the safest methods of payment for the exporters, while it is the least appealing for the importers. Cash in Advance poses a great deal of risk to the importers, as the exporter remains in possession of the goods and has received payment. 

2 Letter of Credit- 

In this type of payment, a bank acts as a principal on behalf of the importer and promises to pay an exporter if all terms of the contract have been met. It is one of the safest and most common forms of payment in international trade.  This type of document also protects the buyer since the buyer is not obligated to pay until the goods have been shipped. LCs are commonly used when there is a new and untested trading relationship between the importer and exporter. 

3 Open Account- 

The importer receives the goods on credit and pays them later. Open accounts are terms of payment in which the goods are shipped before payment is due. Usually, payment is due in 30, 60, or 90 days.  Taking delivery of goods without paying for them is clearly in the favor of importers, but it entails a higher risk for exporters since there is the risk of non-payment or bankruptcy. 

4 Documentary Collection- 

Exporters instruct their banks to send the documents related to the sale to the buyer’s bank with a request that the documents be presented to the buyer as a request for payment. They also specify when and under what conditions the documents can be released to the buyer.  A documentary collection is a kind of payment that occurs between two banks acting on behalf of both parties. 

5 Consignment- 

 The consignment payment in international trade procedure in which payment to the exporter is sent after the goods are sold to the customers by the importers. The payment method works like an open account.   Exporters who use this payment mode are at risk since they are not guaranteed to receive payment. The exporter retains ownership of the goods while they are in the possession of the importer. 

Conclusion-  

It’s up to the two parties to negotiate and agree on these critical trade terms, some payment terms will be more favourable to the exporter and some to the importer. Exporters and importers need to understand the different payment terms that are available and the costs & risks attached to each.  To understand more about payment terms, join import export management course. You can also attend our live free webinar and start your import export business in just 60 days. Click the link below to attend the webinar.   https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Do give us a visit 

E-commerce has a huge impact on every trade nowadays, but when E-commerce initially came into existence, it was met with a rebellion. Scepticism was at its peak when E-commerce first came into the picture. Even EXPORT IMPORT is unimaginable without E-commerce. E-commerce has now become an inseparable part of any business. For most of us, it’s hard to imagine modern life without E-Commerce. It would not only be inconvenient but also much more complicated.   Lets first define E-commerce. E-commerce, also known as Electronic commerce or Internet commerce, deals with buying and selling goods and/or services using the internet, and the transfer of money or data to execute these transactions.   Micheal Aldrich, in 1979, introduced E-Commerce. He is also considered as founder or inventor of E-Commerce. Micheal connected a transaction-processing computer with a modified TV Through a Telephone connection. To secure data, Micheal connected these devices. E-commerce affects the Export business in a lot of ways. E-commerce can elevate export by highlighting the export product’s quality or can state the ugly truth in a harsh way that adversely affects the exporter.   Before jumping to how E-commerce affects export business, let’s first see the different types of E-commerce. There are about 6 established types of E-commerce, they are:

• Business-to-Consumer (B2C):

B2C is one of the most popular sales models of E-commerce. The meaning of B2C is the transaction made between a business and a consumer, as the name suggests. An example of this type of E-commerce would be when you buy clothes from an online retailer.

• Business-to-Business (B2B):

B2B E-commerce, unlike B2C, includes sales made between businesses, that is trade between a manufacturer and a wholesaler. Consumers are not involved in this type of commerce. B2B, more often than not, focuses on the repackaging of products that are sold to customers or sales of raw materials.

• Consumer-to-Consumer (C2C):

C2C is one of the earliest forms of E-commerce and it mostly deals with sales of product or services between customers. The best example of this would be UBER & OLA. The way it functions is it puts the car owner in touch with the people requiring its services.

• Customer-to-Business (C2B):

C2B is the exact opposite of what traditional E-commerce is all about, with individual customers offers their services for business buyers. This means that customers have special products or services that can be valuable to businesses. In this type of E-commerce, customers are not investing their capital in anything but the business organization investing in the individual or product.

• Business-to-Administration (B2A):

B2A encompasses the transaction between Businesses and Administration bodies. This type of commerce can be understood by an example of filing taxes. When you fill the form to pay tax online, which is paid to the Government, through a third party involved, is called a B2A transaction.

• Consumer-to-Administration (C2A):

Consumer-to-Administration type of E-commerce is similar to B2A, the only difference being a consumer directly offers services or sells products to a Government organization. The above example will fit perfectly when you remove the involvement of a third party in filing online tax to the government. 

nother example can be booking an appointment online at the hospital for a health check-up. E-Commerce serves every sector and affects every small to big businesses because of its ready involvement and ease of promoting any business. Many websites not only use E-commerce but runs effectively because of E-commerce.  E-commerce helps small and big businesses to reach out to a greater number of people which leads to the generation of greater profit. The impact of E-commerce can not be denied on any business but let’s look at how it specifically impacts Export Import Businesses.

• Small Business can reach out to Global Customers:

Adopting E-commerce can be a slow process for a small business but those who welcome it with open arms unlock a whole new realm of possibilities and opportunities. E-commerce is particularly useful for small business owners because it not only helps small businesses reach diverse customers all around the world but also poses a fair chance at competition.   

In India, E-commerce immensely helps promote small businesses, because the need to buy items within the economic range is always there but not a lot of people are aware of small businesses in the local market.  

• Huge offline businesses are turning to E-commerce:

Small and local businesses are mostly online which poses competition to established, big businessmen. They are forced to turn to E-commerce to promote their hereditary business. Big businesses, for their growth and expansion, need to promote their business online with the help of E-commerce.

• Increase in the E-commerce marketplaces:

Only a decade or two ago, a person living in India could not dream of wearing US fashion, unless that person visits the States. With the advent and growth of international E-commerce marketplaces like Alibaba and Amazon, this everyone who dares to dream is actually living that dream. These Giants have offered customers a broad range for selection of products and by delivering those products home, convenience is at par. Such can be some of the reasons for the success of E-commerce Giant Marketplaces. India has adopted a few policies to support and secure E-commerce. The National E-commerce Policy uses various strategies to promote Export through E-commerce.

• Introduction of E-commerce Policy under Logistics Policy:

 To promote the growth of E-commerce, the Indian Government introduced this policy under Logistics Policy. For all the shopping done online, it becomes necessary to have a physical platform for the products to be collected in one place.  Thus when Indian goods are Exported such infrastructure is built to promote Export. It is proposed that E-commerce will be separately handled under Logistics Policy. 

• Policies Supporting Courier Export:

According to the extant Courier Import and Export (Clearance) Regulations, 1998, the export is done by courier services and costs within 25 k INR, only is passed to use courier services. Packages costing beyond this range is exported through Cargo mode, which increases the expenses significantly.    

Indian Government proposed to extend this limit and make Indian e-commerce Export more attractive even for high-value packages export through courier mode.

• International Freight Carriers: 

The exporting body bears the cost of International Logistics. Such International Logistics providing companies may charge huge sum which might be unaffordable for small businesses, thus creating a difficult situation for small businesses to export. Private courier companies provide end to end delivery services that ensure sustainable and continuous export for small businesses. Indian Post bears the responsibility to negotiate for lower costs with International Freight Carriers.  The government is putting in efforts to promote and expand E-commerce in India. With India’s fast-growing business and convenience seeking youth, acceptance and spread of E-commerce is unstoppable.  Even the Exim Industry is making full use of E-commerce’ potential to increase trade exponentially in International Markets.     If you are interested in reading EXPORT IMPORT related blogs, click on the link below and enter the kingdom of EXIM BLOGS.   https://digitalexim.com/blog/   If you are inspired enough to actually learn to expand your business or start a business of your own, click the link below and be enlightened.   https://digitalexim.com/advanced-export-import-program/

Fruit industry is one of the fastest growing and profitable business now a days in India. India exports a vast array of goods or agricultural products worldwide. Learn with import export classes online on how you can start your export business. Export import institute are best resources to know how you can make more profit by exporting fruits.   Are you also interested in exporting fruits from India? Then this blog is for you. Here in this export import blog, we will discuss about is fruit export business is profitable or not. Do you know that, Fruits export itself contribute over 30% to the agriculture GDP.  Apple, Banana, Pomegranates, Mangoes, Cherries, Guava, Pears, Oranges, Grapes, Plum, Water Melons are top fruits that are exported from India.  Dragan fruit export is the new trend in 2021.   Dehydrated fruits are also a good option to export and also has a good demand. You can export Apricots, Dates, Cheery, Dry Coconut, Dry figs, Dry berries, etc.

Top 10 Importers of Indian Fruits- 

• Vietnam 
• Hong Kong 
• USA 
• UAE 
• Saudi Arabia
• Bangladesh
• Uk
• Germany
• Turkey 
• Netherlands 

From fiscal year 2015 to fiscal year 2021, India’s fresh fruit exports increased consistently. In fiscal year 2021, the value of fruit exports reached nearly 765 million U.S. dollars.  As reported in the trade data, the first three months of 2021-22 witnessed the highest merchandise exports (in agriculture industry) ever reported in a quarter, at $95 billion – a percent increase of 85% over 2020-21 and 18% over 2019-20.  Gather information about the market that demands your product.   If you are planning to start fruits export business, there are some important steps that you should follow. 

• First and foremost, work is to finalize which product or fruit you exactly want to export. 
• Then you have to finalize the target market. Decide where you want to sell your fruits considering the demand of the fruits in that country.  

• After comes the establishment of your company and documentation process.
• Applying for an IEC number is just to start an export import business.
• After setting up the company and documents I need to find the buyer. There are many B2B portals where you can find buyers easily. 

• Then comes the price and costing. Keep the price of your product in which all your expenses cover up including a good amount of profit for you. Don’t keep the price very high, that no one wants to buy it.
• After finalizing the deal, payment process and shipping & logistics comes. Choose the correct way of payment and best route to ship your product like by air or water. Mostly, fruits are shipped by air. 

Conclusion-  

There is a high demand of frozen fruits and vegetables overseas. You can earn good profit out of it. Most of the countries lacks in fresh fruits during their winter time and it’s the best time to export fruit and make money.  Start your export business with import export training by Digital Exim and be an entrepreneur.  To know more about export import business, you can join our live webinar. Click the link below to attend it.   https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Do Give us a Visit! 

Joe Biden, is now the 46th President of the United States. Joe Biden victory would surely strengthen India-US trade relations. India is the 9th largest goods trading partner of the United States. Let’s Check How Joe Biden’s Victory Would Develop Indian Trade In 2021. & how it will impact India in many different ways. 

Corruption is a cancer: a cancer that eats away at a citizen’s faith in democracy, diminishes the instinct for innovation and creativity; already tight national budgets, crowd out important national investments. It wastes the talent of entire generations. It scares away investments and jobs.

– Joe Biden

“We did it” – Kamala Harris 

Undoubtedly, the 2020 U.S. elections are something that no one would want to forget. Watching the headlines on Television that Kamala Harris, the first Indian-origin woman vice president of the U.S. ‘Could not be prouder’, said the 44th U.S. President, Barack Obama. Obama wished Kamala Harris Saying “groundbreaking election.” From India’s perspective, we too look forward to strengthening India-US trade relations & much more. What sounds better that India’s Prime Minister, Narendra Modi saying ‘We will work together again’? So, as great leaders around the world wished Joe Biden, let’s hope for the best. 

India-US Trade Relations 

The US is India’s largest trading partner in the world. Mainly, the US imports products like information technology services, machinery & textiles. Also, it includes; gems, diamonds, chemicals, iron & steel products. Wherein, India mainly imports; aircraft, fertilisers, computer hardware, medical equipment & scrap metal. Also, India is the United State’s one of the largest investment partners. 

In July 2005, former President Bush & Prime Minister Manmohan Singh created The Trade Policy Program.  Overall, the goal of TPP is to increase investment flow & bilateral trade. Making India-US Trade relations stronger. Sounds good, isn’t it? 

There are Five major subdivisions of the trade policy forum including: 1. The US & India will sign the basic exchange & cooperation agreement (BECA).

2. Here, India can cut special regulations on trading carbonated drinks, and some medicinal drugs, & lower many import regulations.

3. Many agricultural terms & regulations exist. Majorly, to certify Indian products to the standards of the US Department of agriculture & executing regulation procedures.

What is the stake of India In the US Election?

US presidential elections are always important for India as well. There is no doubt about it. After all, it’s about India-US Trade as well. Overall, bilateral, global, economic & geostrategic are major inclusions. But, wait! There are two major reasons:

1. Interdependent affairs, & national economic progress.
2. Complex relationship between India & US. 

We can just hope that Joe Biden’s Victory would lead to the best India-US trade relationships. 

 Impact on Future Trade deals

Both the countries are growing stronger but still more things to be done in future. India’s US- trade relationships can surely open the door to huge investment opportunities. Also, Joe Biden has a good working experience as well. No Newbie! Joe Biden once said “Corruption is a cancer: a cancer that eats away at a citizen’s faith in democracy, diminishes the instinct for innovation and creativity; already-tight national budgets, crowding out important national investments. It wastes the talent of entire generations. It scares away investments and jobs.” So, we can see a man with clear intentions. 

India’s Prime Minister, Narendra Modi also deserves a word of appreciation. Joe Biden’s victory would lead to a healthy relationship between India-US trade. Also, if we look at the history, India & US relationship is amazingly good. Touchwood! Nothing suspicious, just to add a little creative writing stuff. So, Let’s look forward to how Joe Biden’s victory would impact India economically & much more. Many other factors are also equally important like; world peace, awareness activities, employment & so on. 

Conclusion:

Healthy India-US trade relationship is what India is expecting after Joe Biden’s Victory. Over and above, the governments of both nations are equally responsible. Equally responsible for India-US trade relationships. Equally responsible for growing together economically. Also, many more things are there Indian Us Trade Relation. Let’s start exporting! Export more & more for yourself & to contribute to this nation. Join Digital Exim, India’s best export import consultant to make you the No.1 International businessman. East or West, Digital Exim is always the best. Learn through proper export import practical training with India’s best export import consultancy group. Therefore, call on 9505506333 to start your golden export-import with us.