Export is when goods or services from one country are sold in another country. According to India’s export data, the country exported 322.8 billion USD. Export is a vital contributor to India’s economy. In 2019 exports accounted for 31.4% of the GDP. It expands can significantly expand markets and increase the profitability of businesses in the country. Businesses today cannot depend on local businesses alone. Exports help to balance the fluctuation in local business cycles. Exports can generate jobs and help produce goods of cheaper quality because of the economy of scale. Exports encourage companies and countries to produce goods more efficiently and with better product quality.
India’s top exporters are:-
According to mineral fuel data, India exports 44.1 billion USD in 2019. India exported petrol, diesel, naphtha, fuel oils, and other distillation products. Mineral fuel has always been one of India’s chief exports in 2017 the product was 13.7% of total exports from India. The top mineral fuel exporters in India are:-
India is the second-largest diamond exporter in the world. The diamond export data showed India exported 23.82 billion dollars in 2019. Experts think the Indian exports could shrink to 19 billion USD after the expected fall in demand because of the Covid-19 outbreak. India is considered the hub of the global jewelry market because of its low cost and highly skilled labor. The top diamond exporters in India:-
According to machinery export data, 21.2 billion dollars’ worth of machinery was exported from India. India exports both new and second-hand machinery. The machinery sector is the backbone of the manufacturing sector in India. The government is planning various incentives to bridge the deficit in this sector. Some of the top machineries manufactured in India are textile machinery, construction equipment, material handling equipment, oil and gas exploration equipment, food processing and packaging equipment, etc. The top machinery exporters in India are:-
The organic chemical data indicate that India imported 18.3 billion dollars of chemicals in 2019. The Indian chemical industry is made of several small, medium, and large scale companies that can be private or public sector companies. China, the USA, Germany, and Pakistan continue to be top export destinations for organic chemicals. Acetic acid, acetic anhydride, acetone, phenol, methanol, formaldehyde, nitrobenzene, citric acid, aniline, acetaldehyde, ethanolamine, and ethyl acetate are some top chemicals exported from India. The top organic chemicals exporters in India are:-
According to vehicle export data, India exported vehicles valued at 17.2 billion USD in 2019. The export of passenger vehicles grew by 20.37%. Hyundai Motors India Limited accounted for 27.15% of the total vehicle exported. Ecosport was the highest exported vehicle. The vehicle export data showed that United States, United Arab Emirates, and China are the largest export partners in this segment. The top vehicles exporters in India are:-
The pharmaceutical export data shows India exported 16.1 billion USD for pharmaceuticals. According to projections, the exports are expected to grow by 30% and reach 20 billion USD in 2020. The United States of America, the United Arab Emirates, and China are the largest export partner. The Indian pharmaceuticals market has established itself as a manufacturing and research hub international hub. India supplies 20% of the global generic drugs in volume. The top pharmaceutical exporters are:-
Electrical Machinery & Equipment Exporters in India
According to electrical machinery and equipment data, India exports for electrical equipment was 14.7 billion dollars. The electrical machinery and equipment sector contributed 8% to the manufacturing sector and 1.6% to the GDP. Electrical machinery can be bifurcated into generation and transmission and distribution. The sector showed negative growth in exports with a 3.1% fall. The top electrical machinery exporters in India are:-
Iron and steel export data for India is valued at 9.7 billion USD. The steel exports declined in December 2019 767 thousand tons of steel. India is a net exporter of steel. United States of America, UAE, and China are India’s top export destinations. The top iron and steel exporters in India are:
India is the largest rice exporter in the world. According to rice export data, Indian rice exports fell to 485, 898 tons till Oct 2019. The surplus rice production harvest season decreased domestic prices as well. India exports three categories of rice – basmati, nonbasmati, and others. Iran is one of the largest importers of rice from India. India recently lost an export contract from the EU and Iran due to the strict pesticide residue laws. The high domestic prices in India are hurting India’s export competitiveness. The top rice exporters are:-
Aluminum Exporters in India
According to aluminum export data, India exported 772,000 tons of aluminum valued at 3357.61 in 2019. It showed a 21% jump from the previous financial year when 638,000 tons of aluminum were exported. The US, the UAE, and China are the biggest markets for Indian aluminum exports. The producers are trying to expand to Japan, South East Asia, Central Asia, and the EU. The top aluminum exporters in India are:-
According to raw sugar export data, India exported 5 million MT. India is the second-largest producer of sugar. India exports sugar to 58 countries. 65% of the export was shipped to Iran, Somalia, Malaysia, Sri Lanka, and Afghanistan. The top raw sugar exporters in India are:-
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