How to Find Top Products to Export Country-wise Using DGFT and Enhance Your Product Selection Strategy
Introduction:
The Directorate General of Foreign Trade (DGFT) is an invaluable resource for anyone involved in the export-import business. It provides comprehensive data on India's international trade, which can be used to identify top products for export on a country-wise basis. Additionally, understanding the crucial factors, ideas, research, analysis, and product pricing strategies for the export-import business can significantly enhance your product selection process. Here's a step-by-step guide on how to use DGFT to find these products and a valuable resource to enhance your product selection strategy.
Step 1: Visit DGFT Website
Start by visiting the DGFT website at www.dgft.gov.in. This is the official website of the Directorate General of Foreign Trade in India.
Step 2: Navigate to the 'Learn' Tab
Once you're on the DGFT website, navigate to the 'Learn' tab. This tab contains a wealth of information and resources about foreign trade.
Step 3: Access 'Trade Statistics and Analysis'
Under the 'Learn' tab, you'll find an option for 'Trade Statistics and Analysis'. Click on this to access a range of statistical data and analysis on India's foreign trade.
Step 4: Click on 'Export Import Data Bank (Annual)'
In the 'Trade Statistics and Analysis' section, you'll find an option for 'Export Import Data Bank (Annual)'. Click on this to access annual data on India's exports and imports.
Step 5: Select 'Country-wise all Commodities'
In the 'Export Import Data Bank (Annual)' section, select the 'Country-wise all Commodities' option. This will allow you to view data on all commodities exported from India, broken down by country.
Step 6: Choose Country and Set HS Code Level
Next, choose the country you're interested in and set the HS Code level to 8 digits. The HS Code, or Harmonized System Code, is a standardized system of names and numbers used to classify traded products.
Step 7: Sort by Current Year and Submit
Finally, sort the data by the current year and hit 'Submit'. This will give you a list of the top products exported from India to the chosen country in the current year.
Enhancing Your Product Selection Strategy:
To further enhance your product selection strategy for your export-import business, consider exploring the "Product Selection for Exim - Crucial Factors | Ideas | Research | Analysis | Product Pricing for Export Import Business" playlist on YouTube. This playlist provides valuable insights into various aspects of product selection, including crucial factors to consider, ideas for product selection, research methods, analysis techniques, and strategies for product pricing. You can access the playlist here.