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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