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Foreign Trade Procedure


Introduction

Foreign trade procedure or international trade is the exchange of goods between countries. It deals with the documents of various procedure related to the Import and Export.

Terms in Foreign Trade Procedure:

EXPORTS – goods or merchandise that are sold to other countries in order to earn dollars

IMPORTS – goods or merchandise bought from foreign countries.

TRADE DEFICIT – occurs when a value of a nation’s export is less than the value of its imports.

TRADE SURPLUS – occurs when a value of nation’s export is greater than the value of its imports.

Factors which affects foreign Trade Procedure

  • Movement of goods Easier to move goods without much restrictions Restricted due to complicated custom procedures and trade buyers like tariffs.
  • Mobility in factors of production (land, labor, capital and entrepreneur)
  • Free to move from one state to another within the same country Quite restricted.

Importance of Foreign Trade Procedure

Provides goods and services: Some of the goods and services we are provided comes from outside the country.

Provides Employment:

  • Create jobs
  • International trade also motivates workers to produce the goods or services better.

Dictates of goods/services: Demand and supply affects the global events. Examples are: oil and political conditions.

Domestic vs. International Trade

Domestic Trade:

  • It is free to move from one state to another within the same country.
  • Easier to move goods without restrictions.
  • Limited market due to limit in population.
  • Speaks and practice same culture

International Trade:

  • International trade is quite restricted.
  • It is restricted due to custom procedures and trade buyers like tariffs and quotas.
  • Communication challenges due to language and cultural barriers.

References

For further details please visit the sites:-

dgft.gov.in
commerce.nic.in
nbaindia.org
dgftcom.nic.in
India export 7801 products 151.48 million on 2016-11-19. Total export shipments reported were 0 during this period. Average Price for this period was 258.88 INR.

Export Trade data

HS Code Product Value price Date from to
78019100 LEAD ALLOY IN THE FORM OF INGOTS., COLORCODE : LIGHT GREEN & YELLOW., "WE INTEND TO CLAIM REWARDS UNDER MEIS" 119,908.00 11.75 2016-02-16 Mangalore Sea Sohar
78019990 LEAD ALLOY IN THE FORM OF INGOT (99% LEAD CONTENT) 123.00 12.10 2016-02-15 Chennai Sea Kwangyang
78011000 REFINED LEAD INGOTS, 126,822.00 13.57 2016-02-13 Mundra Baltimore
78011000 WE INTEND TO CLAIM REWARDS UNDERMERCHANDISE EXPORTS FROM INDIA SCHEME(MEIS) 0.00 0.00 2016-02-13 Mundra Baltimore
78019990 LEAD ALLOY IN THE FORM OF INGOT(99% LEAD CONTENT) 134.00 13.32 2016-02-13 Chennai Sea Kwangyang
78011000 REFINED LEAD INGOTS, 99.97 PCT 117.00 5.80 2016-02-12 Rewari Penang (Georgetown)
78019990 LEAD ALLOY IN THE FORM OF INGOT (LEAD CONTENT 98.6% & TINE CONTENT 1.4%) 144.00 3.14 2016-02-12 Chennai Sea Colombo
78011000 LEAD INGOTS 99.97% PURITY 116,602.00 18.66 2016-02-11 Chennai Sea Baltimore
78011000 PURE LEAD JUMBO BLOCK 99.97% 120,279.00 5.89 2016-02-11 Mundra Yokohama
78019100 LEAD ALLOY IN THE FORM OF INGOTS., COLORCODE: BLACK., "WE INTEND TO CLAIM REWARDS UNDER MEIS" 128,746.00 9.53 2016-02-11 Mangalore Sea Chittagong
78011000 "WE INTEND TO CLAIM REWARDS UNDER MERCHANDISE EXPORTS FROM INDIA SCHEME (MEIS)" 0.00 0.00 2016-02-10 Nhava Sheva Sea Keelung (Chilung)
78011000 LEAD 99.99% 134,436.00 13.44 2016-02-10 Nhava Sheva Sea Keelung (Chilung)
78011000 PURE LEAD INGOTS99.97 % MIN PURITY 122,944.00 3.07 2016-02-09 Mundra Penang (Georgetown)
78019100 LEAD ALLOY IN THE FORM OF INGOT (LEAD CONTENT 88% & ANTIMONY CONTENT 12%) 132.00 21.97 2016-02-09 Chennai Sea Busan(Korea)
78011000 PURE LEAD 123,445.00 6.05 2016-02-08 Mundra Jebel Ali
78011000 LEAD INGOTS 99.995 % 131,515.00 17.23 2016-02-06 ICD Loni Ho Chi Minh City
78011000 LEAD INGOTS 99.995% 131,020.00 8.65 2016-02-06 ICD Loni Ho Chi Minh City
78011000 REFINED LEAD INGOTS 126,828.00 13.57 2016-02-06 Mundra Baltimore
78011000 WE INTEND TO CLAIM REWARDS UNDERMERCHANDISE EXPORTS FROM INDIA SCHEME(MEIS) 0.00 0.00 2016-02-06 Mundra Baltimore
78011000 LEAD INGOTS 99.97% PURITY 119,102.00 14.17 2016-02-05 Chennai Sea Kwangyang
78019100 LEAD ALLOY IN THE FORM OF INGOT (LEAD CONTENT 88% & ANTIMONY CONTENT 12%) 128.00 12.95 2016-02-05 Chennai Sea Bilbao
78019100 LEAD ALLOY IN THE FORM OF INGOTS(LEAD ANTIMONY ALLOY SB 5 PCT)., COLOUR CODE:RED"WE INTEND TO CLAIM REWARDS UNDER MEIS" 124,898.00 3.12 2016-02-05 Mangalore Sea Chittagong
78019100 LEAD ANTIMONY ALLOY (SB 1.7 PCT)., COLOUR CODE: RED., "WE INTEND TO CLAIM REWARDS UNDER MEIS" 119,168.00 2.98 2016-02-05 Mangalore Sea Karachi
78019930 LEAD ALLOY (OTHER DETAILS AS PER INVOICE& PL.) 215,783.00 4.96 2016-02-05 Mundra Jebel Ali
78019990 LEAD ALLOY IN THE FORM OF INGOT (99% LEAD CONTENT) 134.00 13.32 2016-02-05 Chennai Sea Kwangyang
Origin Ports for exportfrom India..Mangalore SeaChennai SeaMundraMundraChennai Sea0481216
PortValues
Mangalore Sea11.751
Chennai Sea12.098
Mundra13.57
Mundra0
Chennai Sea13.323
Destination Ports forexport from India..SoharKwangyangBaltimoreBaltimoreKwangyang0481216
PortValues
Sohar11.751
Kwangyang12.098
Baltimore13.57
Baltimore0
Kwangyang13.323
Top export shipmentsLEADALL…LEADALL…REF…LEADALL…26.3%26.7%
PortValues
LEAD ALLOY IN THE FORM OF INGOTS...11.751
LEAD ALLOY IN THE FORM OF INGOT ...12.098
REFINED LEAD INGOTS, 13.57
WE INTEND TO CLAIM REWARDS UNDER...0
LEAD ALLOY IN THE FORM OF INGOT(...13.323
View detailed market data

Import Trade data

HS Code Product Value price Date to from
78011000 PURE LEAD (PB: 99.99% MIN)(PO NO. 1200005973) 130,201.00 30.21 2016-02-16 Chennai Sea KOREA,REPUBLIC OF
78011000 PURE LEAD (PB: 99.99% MIN)(PO NO. 1200005975) 129,907.00 20.27 2016-02-16 Chennai Sea KOREA,REPUBLIC OF
78011000 PURE LEAD (PB:99.99% MIN) (PO NO:1200005976) ( FTA REF NO: 004-16-0052217) 130,112.00 12.75 2016-02-16 Chennai Sea KOREA,REPUBLIC OF
78011000 REFINED LEAD STRAPPED IN BUNDLES WITH PB 99.97 PCT . 123,003.00 6.15 2016-02-16 Kolkata Sea KOREA,REPUBLIC OF
78019990 LEAD ALLOY C-21,RAW MATERIAL FOR AUTOMOTIVE BATTERY 162,001.00 3.24 2016-02-16 Nhava Sheva Sea JAPAN
78019990 LEAD ANTIMONY 3.1% ALLOY ( P.O NO: PPO/001291/15-16 DT 05.01.16) 132,507.00 4.90 2016-02-16 Chennai Sea AUSTRALIA
78019990 LEAD INGOTS 128,661.00 12.61 2016-02-16 Nhava Sheva Sea UNITED ARAB EMIRATES
78019990 TIN LEAD ALLOY (2.0-98.0) - (P.O.NO. 1200005968) 154,225.00 2.93 2016-02-16 Chennai Sea KOREA,REPUBLIC OF
78019990 TIN LEAD ALLOY (2.0-98.0) - (P.O.NO. 1200005971) 155,668.00 5.92 2016-02-16 Chennai Sea KOREA,REPUBLIC OF
78019990 TIN LEAD ALLOY (2.0 -98.0) (PO NO:1200005970) ( FTA REF NO:004-16-0052217) 157,329.00 2.99 2016-02-16 Chennai Sea KOREA,REPUBLIC OF
78011000 99.97 PCT. MINIMUM PURITY LME REGISTERED ENTHOVEN AND SONS BRAND LEAD.(365 BDLS=15330 INGOTS) 118,233.00 23.88 2016-02-15 Kolkata Sea UNITED KINGDOM
78011000 99.99 % MIN. PURITY REFINED PRIMARY PURE LME REGD. LEAD OF KZ BRAND(7560SLBS)(C/O REF NO.:001-16-0043169 DTD.19/01/2016) 131,752.00 25.56 2016-02-15 Kolkata Sea KOREA,REPUBLIC OF
78011000 99.99% MIN. PURITY REFINED PRIMARY PURE LME REGISTERED LEAD OF KZ BRAND (C/O REF NO:001-15-0686643 DTD.06/10/2015) 127,622.00 10.85 2016-02-15 Kolkata Sea KOREA,REPUBLIC OF
78011000 LEAD INGOTS 116,998.00 11.70 2016-02-15 Nhava Sheva Sea MEXICO
78011000 PURE LEAD 99.97%MIN( PO NO: 1200005982) 129,180.00 51.67 2016-02-15 Chennai Sea AUSTRALIA
78011000 PURE LEAD 99.97%MIN(PO NO: 1200005980) 129,404.00 43.87 2016-02-15 Chennai Sea AUSTRALIA
78011000 REMELTED LEAD INGOTS 102.00 2.04 2016-02-15 Raxaul NEPAL
78019100 REFINED LEAD INGOTS 115,554.00 11.44 2016-02-15 Nhava Sheva Sea UNITED ARAB EMIRATES
78019910 PIG LEAD 111.00 16.24 2016-02-15 Chennai Sea UNITED ARAB EMIRATES
78019910 PIG LEAD. 112.00 5.62 2016-02-15 Chennai Sea UNITED ARAB EMIRATES
78019920 REMELTED LEAD INGOTS 110,890.00 5.32 2016-02-15 Kolkata Sea VIETNAM, DEMOCRATIC REP. OF
78019990 REMELTED LEAD INGOTS (INDO-SRI LANKA FTA (ISFTA) REF:CO/ISFTA/16/1128 DT:05.02.2016) 115.00 5.77 2016-02-15 Chennai Sea SRI LANKA
78019920 UNREFINED LEAD ( RE- MELTED LEAD ) ( ASSORTED SIZES ) 128.00 2.71 2016-02-14 Petrapole Road BANGLADESH
78019920 UNREFINED LEAD ( RE- MELTED LEAD )( ASSORTED SIZES ) 128.00 5.16 2016-02-14 Petrapole Road BANGLADESH
78019920 UNREFINED LEAD ( RE-MELTED LEAD ) ( ASSORTED SIZES ) 128.00 5.16 2016-02-13 Petrapole Road BANGLADESH
Destination Ports forexport to India..Chennai SeaChennai SeaChennai SeaKolkata SeaNhava Sheva Sea010203040
PortValues
Chennai Sea30.207
Chennai Sea20.266
Chennai Sea12.751
Kolkata Sea6.15
Nhava Sheva Sea3.24
Origin Ports for export toIndia..KOREA,REPUB…KOREA,REPUB…KOREA,REPUB…KOREA,REPUB…JAPAN010203040
PortValues
KOREA,REPUBLIC OF30.207
KOREA,REPUBLIC OF20.266
KOREA,REPUBLIC OF12.751
KOREA,REPUBLIC OF6.15
JAPAN3.24
Top import shipmentsPURELEAD(PB:99.9…PURELEAD(PB:99.9…PURELEAD(PB:…REF…LEADALL…41.6%27.9%
PortValues
PURE LEAD (PB: 99.99% MIN)(PO NO...30.207
PURE LEAD (PB: 99.99% MIN)(PO NO...20.266
PURE LEAD (PB:99.99% MIN) (PO NO...12.751
REFINED LEAD STRAPPED IN BUNDLES...6.15
LEAD ALLOY C-21,RAW MATERIAL FOR...3.24
View 7801 Products Classification
LEAD ALLOY IN THE FORM OF INGOTS...
LEAD ALLOY IN THE FORM OF INGOT ...
REFINED LEAD INGOTS,
LEAD ALLOY IN THE FORM OF INGOT(...
PURE LEAD (PB: 99.99% MIN)(PO NO...
PURE LEAD (PB: 99.99% MIN)(PO NO...
PURE LEAD (PB:99.99% MIN) (PO NO...
REFINED LEAD STRAPPED IN BUNDLES...
LEAD ALLOY C-21,RAW MATERIAL FOR...
Values
Values
Values
Values
KOREA,REPUBLIC OF
KOREA,REPUBLIC OF
KOREA,REPUBLIC OF
KOREA,REPUBLIC OF