News: Union Minister of Commerce and Industry launched the Trade Intelligence & Analytics (TIA) Portal in New Delhi.
About Trade Intelligence and Analytics (TIA) Portal
- Launched by: The Trade Intelligence & Analytics (TIA) Portal was launched by Minister of Commerce and Industry
- Aim: The portal aims to make trade data more transparent, accessible, and useful for stakeholders across India.
- It seeks to help importers, exporters, MSMEs, and startups make informed and data-driven decisions.
- Objective: The portal has been developed to support evidence-based policymaking and targeted sectoral interventions.
- It consolidates global and bilateral trade data into a single platform to enhance the accuracy and efficiency of trade analysis.
- It helps identify market diversification opportunities, new product potential, and missed opportunities in India’s trade basket.
- It enables policymakers to better understand trade flows with over 220 countries and respond quickly to global developments.
- Features:
- The portal integrates multiple global and bilateral databases, including UN Comtrade, into one centralised hub.
- It offers 270+ interactive visualisations across 28+ dashboards covering India-level, global, and bilateral trade insights.
- The platform offers intuitive visualisations, advanced drill-down tools, and automated workflows to improve user experience and operational efficiency.
- The Trade Watch Tower identifies champion products by scanning global demand and mapping India’s supply capabilities.
- The portal replaces older platforms such as Niryat Portal, Tradestat Portal, and the Commerce Monitoring Dashboard.
- It automates major workflows such as the Monthly Trade Report (300+ pages) and surge monitoring reports
- API-based automated data collation enables easy extraction and download of country and commodity data.
- Dedicated dashboards track PLI commodities, critical minerals, and trade surges with FTA and non-FTA partners.
- Tariff Analysis and Target Monitoring dashboards are under development to further enhance analytical ability.
- Advanced trade indices such as the Trade Complementarity Index, Revealed Comparative Advantage, and Trade Intensity Index support deeper trade analysis.
- The portal provides tools for comparing macroeconomic, trade, and investment indicators across countries.
- It is a cost-effective, open-source solution with no licensing costs and minimal server requirements.]
- By integrating all trade analytics into one system, the portal enhances data-driven decision-making and strengthens India’s ability to respond to global trade trends.
