Should we prefer Data Loader over Data Import Wizard and why?

Hi Manpreet,

You can get solution of your query by going through points given below that differentiate between Import wizard and data loader and by this you will enough knowledge which one we have to use in  the given situation:

Import Wizard:

For simple imports of up to 50000 records.
It supports all custom objects and only few standard objects like Account, Contact, Leads, Solution.
It supports schedule export.
Delete operation is not available.
We cannot export data.
It doesn’t require installation.
While importing, duplicates can be ignored.
Data Loader:

For complex imports of any size more than 50000 records.
It supports all standard and custom objects.
It doesn’t support schedule export.
Delete operation is available.
We can export data of all custom & standard objects, and can import all custom & standard objects except User standard object.
It requires installation.
While importing, duplicates cannot be ignored.

Hope this may help you:

Thanks