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Last year's plunge in global oil prices has affected no other economy more than that of Venezuela, the banana republic of Latin America which is excessively dependent on oil exports. Crude petroleum accounted for 73% of the nation's exports in 2015. Woes of dropping oil prices coupled with sky-rocketing inflation left the nation defaulting on its import bills.

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For importers in India, the requirement of importer data India is always felt to make certain decisions that help them to overcome the competition, trade restrictions and exploring the new markets. For this, you can collect the data from the Indian ports, products that are imported and the proper market analysis. If you do not wish to handle the entire process, then get in touch with a company that published importer data India for the users in India.

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The Goods and Services Network(GSTN) has signed a Memorandum of Understanding (MoU) with Directorate General of Foreign Trade (DGFT) for sharing of foreign exchange realisation and Import Export code data, a move that is expected to strengthen processing of export transactions of taxpayers under GST, increase transparency and reduce human interface.

As per the feedback received from some of the Indian participants at the China Import and Export Fair (Canton Fair), on-the-spot orders worth about USD 50 million have been booked and business worth about USD 100 million is likely to be generated, Federation of Indian Export Organisations (FIEO) informed in its release.

A recent media report has said that in a bid to enable the MSMEs (Micro, Small and Medium Enterprises) to import technology and equipment from USA, the Export Import (Exim) Bank of India has signed a Master Guarantee Agreement with the Exim Bank of USA.

"Our exports have been on a downhill drive for close to one and half years. So this is a reflection of the global slowdown across the world and also the variations in the commodity prices. "Petroleum prices have come down. Commodity prices have been moderating.

The Bangladesh government formed a committee on Monday to review a deal signed earlier with India on open-ended import and export of electricity, before ratifying the deal for power purchase from the larger neighbour, an official said.

The Federation of Indian Export Organisations said that growth in imports by 43.3 percent in April, as revealed by the foreign trade data revealed by the government Tuesday, signifies "complete revival" of the manufacturing sector.

The Federation of Indian Exports Organization (FIEO) Thursday strongly reacted to China's recent move to impose a ban on imports of low grade iron ore to the country.

The rupee was a tad up at 66.73 in the evening session on bouts of dollar selling by banks and exporters amid bearish dollar overseas. The rupee weakened by 3 paise to 66.77 against the dollar at the Interbank Foreign Exchange market today. It hovered in a range of 66.78 and 66.70 before quoting at 66.73, up 1 paise at 5 pm local time. The rupee had gained 28 paise against the American currency to settle at a nearly two-month high of 66.74 yesterday on persistent dollar selling by banks and exporters on hopes of foreign capital inflows into the equity market.

The current export offers of met coke variants stand at about $305.5/MT and $290.5/MT respectively on FoB China basis.

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The business of export-import can be risky and for a small and medium enterprise (SME) it can be a calamity, when one didn't know much about their far poising new partner sitting in another corner of the globe. Companies whether big or small often face critical business risks including the danger of corruption and fraud.

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Annual trade between India and Pakistan could reach $10 billion once both countries begin export and import through the Integrated Customs Check Posts at Wagha border, Indian High Commissioner Sharat Sabharwal said Thursday.

In a bid to support Indian companies' growing investments in East Africa, the Export and Import (EXIM) Bank of India will open an office in Ethiopia next month, officials said.