Top 10 Export Products Of India And How To Export These Products
India has a broad base of resources and a sound industrial base that has made it one of the most powerful competitors in the export sector. Primary products like readymade clothes, refined petroleum, gems and jewellery and industries of this type are reported to be at the commanding position in India’s exports.
The export industry has scripted a remarkable growth story for India during the last decades. For example, exporting products from India, merchandise, and services totalled $499.46 billion during the April-November 2023 period. This is India’s potential and capacity to meet the needs of the world.
In this blog Top 10 Export Products of India are described and also the steps on how to export those particular goods overseas are mentioned.
- Leather and its Products
Among all the export-related industries in India, the leather industry holds a top position. Products like shoes, jackets, purses, and even cricket balls are exported all over the world, mainly to Italy, China, and the USA. High-quality leather products manufactured in India are also very durable. For this reason, Indian leather is in great demand. Many European and US high-end fashion brands depend largely on Indian leather, which further helps in boosting the growth of the leather industry.
- Products of Petroleum
The Indian subcontinent is the second-largest exporter of petroleum products in the world. Exported products include diesel, petrol, LPG, petrochemicals, and many more which serve heavy demands in countries like the USA, China, and the Netherlands. Petroleum exports deepen not just India’s energy trade but also position it as a trusted supplier within the global energy market.
- Gems and Jewellery
The Gems and Jewellery sector emerges as a shining star among all Indian exports. Having secured a huge market share in world markets, India’s exports of cut diamonds, lab-grown diamonds, gold jewellery, and precious gemstones went to the UAE, the USA, Hong Kong, and Switzerland. This industry has been credited with over $2 billion worth of exports for the month of April 2024 alone.
- Vehicles and Equipment
Rich deposits of iron and steel have supported the Indian economy substantially during the immediate past as a result of expanding exports of automotive and machinery products. Auto components, electrical equipment, and vehicles go from India to China, the USA, and the UAE. This sector has been made stronger through improving manufacturing and infrastructure support because of India’s “Make in India” initiative.
- Pharmaceutical Products
The Indian pharmaceutical industry is a volume gainer selling the most net volume in the world ranking first, second, third in value standing at rank 14. APIs, vaccines and finished drugs are all reported to be getting exported to almost all ends of the world.
- Organic and Inorganic Chemicals
India is a considerable exporter in organic and inorganic chemicals, the value of which also crosses the figure of 2.4 trillion INR in the year 2023. Acetic acid is mostly utilized in the pharmaceutical sector and plastic items manufacturing. In contrast, inorganic chemicals like soda ash or calcium carbide are widely used in the automobile and cleaning chemicals industries. Among the major importers, Germany, China, and UAE are included.
- Milk Products
Being an agricultural hub, India is among the leading exporters of milk, ghee, and cheese. It is very famous for its high-quality milk and nutritional value from Indicine cattle. The main demand for these products is from western countries due to their superior taste and quality.
- Handloom and Cotton Yarns
India is the second most exporting country of cotton yarn, which is the backbone of textile products across the world. These cotton yarns are in high demand worldwide to fabricate fabrics and garments towards huge export earnings. Abundance of cotton and skilled manpower places India among the top internationally.
- Textiles and Apparel
The Indian textile industry is one of the most ancient and diversified industries, with various segments consisting of t-shirts, jeans, suits, jackets, and many more. The textile industry was valued at $165 billion in 2022, with exports contributing to US$ 40 billion. A number of countries, such as the USA, UAE, and UK, import large volumes of goods from India in the textiles industry. The sector will grow at a CAGR of 10% to reach US$ 350 billion by the year 2030.
- Cereal
India is one of the major exporters of various types of cereals like rice, wheat, maize, and millet across the globe. Saudi Arabia, Bangladesh, Nepal, and several other countries have their requirement for staple consumption depending on the various types of cereals provided by India. Thus, it provides the necessary strength to India’s agro – economy and fulfills the entire world’s demand for edible foodstuffs.
How to Export Products from India?
Exporting products from India is not an easy task; one needs to plan it out and follow the regulations. Here’s a step-by-step guide to help you get started:
- Set up a Business Entity
Get your venture registered as a sole proprietorship, partnership, private limited company, or whatever. Registration is the first step toward legal export business venture establishment.
- Obtain Licenses and Certificates
- PAN Card: Important for transactions dealing with finances.
- Import Export Code (IEC): A requirement for all exporters. You can apply for it via the DGFT portal online.
- RCMC Certificate: This is given by the Export Promotion Councils to enable the exporters to avail the advantages provided by the government in the provision of the Foreign Trade Policy.
- Conduct market research
- Targeted areas depend on each product’s demand, competitive environment, and business policies. For instance, electronic items could best be sold in the USA and UAE while for those in the jewellery industry the sole target regions are Hong Kong and UAE.
- Quality Assurance
- Keep a tight rein on quality, in compliance with international standards. Certifications such as ISO would improve your products’ standing.
- Find Overseas Buyers
Establish contact with buyers through trade fairs, export promotion councils, and online portals.
- Logistics and Documentation Management
- Efficient logistics are very important in exporting. Associate yourself with good shipping companies to facilitate the products in the market.
Prepare documents such as:
- Commercial Invoice
- Bill of Lading
- Certificate of Origin
7. Secure Payments:
- Use payment terms such as Letter of Credit (LC) or Advance Payment to reduce financial risks.
Endnote
India’s export sector stands tall for industrial strength, with its reach toward globalization. In fact, from high-value leather goods to ‘heart’ cereals, there’s no stream of Indian exportables that has missed a cross-border jump: for the simplest to the highly special, there is demand out there in the globalized markets. The set pattern of procedures, if well adopted, will definitely promise them much better opportunities. With developments and quality being incorporated in business practices Indian businessmen cannot just penetrate deeper into international market places but also add worthwhile value in terms of economic development to the country.
