The organic chemicals industry is one of the most significant contributors to the growth and development of the Indian economy. It is the backbone of Indian agriculture and industrial sectors, and also adds to India's foreign reserves by promoting exports across the globe, accounting for about 5% of India’s export earnings.
According to the organic chemicals export data, Indian exports of organic chemicals increased to $119.26M in 2019 from $88.15M in 2018. Exports of organic chemicals reached an all-time high of $147.74M in 2017. Indian shipments of organic chemicals recorded the third-highest increase in value up 30.7% year by year.
Although India exports organic chemicals all across the globe, still the top two destinations stop for Indian organic chemicals for the past several years is U.S.A ($306.6B) and China ($116.23B). The country has established itself as a global sourcing base for generic agrochemicals, a major category of organic chemicals.
The organic chemicals export data published by the CHEMEXCIL (basic chemicals, pharmaceuticals, and cosmetics export promotion council) set up by the Ministry of Commerce and Industry Government of India highlighted the top 5 organic chemicals export trading partners of India -
Presently India’s organic chemical industry is continuously growing. Additionally, it is also attracting the leading players from all over the world to come and invest in this sector and become the world's top producers. With this some of the major organic chemicals exporters in India are -
The chemical sector especially the organic chemicals are expected to double to $300B by 2025, clocking an annual growth rate of 15-20 %. Recently the ministerial meet was held between the head of the governments of Argentina and India, leading to a common consensus for tripling the Indian export of organic chemicals to Argentina. Such initiative by the Indian government was welcomed by the organic chemicals exporters, encouraging the new entries.
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