Introduction
India is a global export powerhouse, contributing significantly to international trade. With a vast and diverse production base, Indian goods are in high demand worldwide. From pharmaceuticals to textiles, the country supplies quality products to key markets like the USA, UAE, and Europe.
If you’re an Indian entrepreneur looking to expand into new markets, exporting can be a highly profitable venture. Let’s discuss how to export and the top export products from India.
Steps to Choose the Best Products to Export From India
Picking the right products is the first step to building a successful international business. Here’s how to make the best choice:
1. Understand Market Demand
- Find the Right Markets: Look for countries where your product is in high demand.
For example, resources like the AgriExchange portal by APEDA can help with market insights on major exports of India in agriculture.
- Track Trends: Stay updated on global buying habits to spot top export products from India.
2. Meet International Standards
- Get Certified: Make sure your product meets the standards of your target market. Certifications like BIS (Bureau of Indian Standards) build trust with buyers.
- Follow Quality Norms: Labels like ISI and Agmark guarantee product safety and quality, which is essential for exports.
3. Stand Out from the Competition
- Highlight Your USP: Focus on what makes your product better—superior quality, unique features, or competitive pricing.
- Leverage Local Strengths: Use traditional skills or regional materials to offer something unique among the most exported products from India.
4. Know the Rules & Regulations
- Check for Export Incentives: Government schemes like MEIS can help reduce costs and boost profitability.
- Understand Trade Agreements: Learn about tariff concessions and trade rules on top export products from India to maximize benefits.
5. Consider Logistics & Feasibility
- Assess Your Supply Chain: Ensure reliable transportation for smooth international shipping.
- Factor in Shelf Life: If exporting perishable goods, check if cold chain logistics are available.
6. Ensure Financial Viability
- Calculate Costs: Include production, packaging, shipping, and compliance costs to maintain healthy profit margins.
- Price it Right: Set a competitive price that covers expenses while attracting buyers.
7. Assess Potential Risks
- Check Market Stability: Avoid countries facing economic crises or political unrest.
- Plan for Currency Fluctuations: Exchange rate changes can impact profits, so factor them into pricing.
By thoroughly analyzing these factors, you can select the best products for export while minimizing risks and maximizing profitability. Let’s have a look at what does India export the most.
Top 9 Products to Export from India
Top 9 Products to Export from India
- Pharmaceuticals
- Textiles and Apparel
- Gems and Jewellery
- Engineering Goods
- Organic and Processed Food
- Handicrafts and Home Decor
- Leather and Footwear
- Automobiles and Auto Components
- Chemicals and Petrochemicals
Top Export Product from India: Pharmaceuticals
India’s pharmaceutical industry is a global leader, known for its high-quality yet affordable medicines. Generic medicines, OTC medicines, biosimilars, low-cost vaccines, and custom research manufacturing are key exports from India.
- Average Selling Price: Varies based on drug category (generic, OTC, specialty drugs)
- Popularity Reasons: India’s strong pharmaceutical manufacturing capabilities, cost-effectiveness, and high-quality generics
- Potential Markets to Export: USA, Europe, Africa, Latin America
- Expected Growth Rate: CAGR of 9.6% (2024-2030)
- Trend Analysis: Rising global demand for affordable medicines, increasing investments in R&D
- Pro Tip: Obtaining certifications like USFDA, WHO-GMP, and EU-GMP enhances credibility in regulated markets
- Shipping Considerations: Requires temperature-controlled logistics for perishable drugs; ensure compliance with Good Distribution Practices (GDP)
Top Export Products from India: Textiles and Apparel
India’s rich textile heritage and affordable production make it a top sourcing hub for global fashion brands. From traditional fabrics to modern sustainable textiles, Indian manufacturers cater to a wide range of consumer preferences worldwide.
Popular export items include cotton, silk, and synthetic fabrics.
- Average Selling Price: Dependent on fabric type and quality
- Popularity Reasons: Strong textile heritage, competitive pricing, and diverse fabric range
- Potential Markets to Export: USA, UAE, UK
- Expected Growth Rate: CAGR of 10% and exports expected to reach $100 Billion
- Trend Analysis: Rising demand for sustainable and organic fabrics in global markets
- Pro Tip: Focus on eco-friendly textiles as demand grows
- Shipping Considerations: Proper warehousing to prevent product mix-up/wrong sizing
Top Export Products from India: Gems and Jewellery
India is one of the largest exporters of diamonds, silver, and gold jewellery. India blends skilled craftsmanship with advanced technology. The industry continues to evolve, with rising demand for ethically sourced and lab-grown diamonds.
- Average Selling Price: Varies based on gem type and craftsmanship
- Popularity Reasons: India is one of the largest exporters of diamonds and gold jewellery
- Potential Markets to Export: UAE, USA, Hong Kong
- Expected Growth Rate: Steady growth with rising luxury demand
- Trend Analysis: Shift towards lab-grown diamonds and ethical sourcing
- Pro Tip: Compliance with the Kimberley Process Certification Scheme is crucial
- Shipping Considerations: Secure packaging and insurance for high-value goods. AEO status from the government for quicker cargo release.
Top Export Products from India: Engineering Goods
Engineering goods stand at 25.22% , making them the top export products from India. The sector received a major boost after implementing the zero-duty Export Promotion Capital Goods. A highly skilled engineering workforce at a lower cost and strategic geographical location makes it a trusted partner for infrastructure and manufacturing projects.
- Average Selling Price: Depends on machinery type and specifications
- Popularity Reasons: Cost-effective production and high-quality standards
- Potential Markets to Export: USA, Germany, UK
- Expected Growth Rate: Strong growth with rising infrastructure projects
- Trend Analysis: Demand for energy-efficient and smart engineering products
- Pro Tip: Invest in R&D for innovation-driven exports
- Shipping Considerations: Secure packaging to prevent transit damage
Top Export Products from India: Organic and Processed Food
Indian food exports capitalize on the country’s diverse agricultural produce and growing demand for organic products. India is a leading producer of spices, tea, fruits, vegetables, milk, meat, and poultry. Government initiatives like 100% FDI and profit exemption for the first 5 years of food processing plants can help new exporters get started.
- Average Selling Price: Dependent on product type and packaging
- Popularity Reasons: High global demand for Indian spices, tea, and organic food
- Potential Markets to Export: Middle East, USA, EU
- Expected Growth Rate: The food processing industry is set to grow by US $1247 by 2027
- Trend Analysis: Growing awareness of health-conscious eating and organic food
- Pro Tip: Certifications like USDA Organic and FSSAI boost credibility
- Shipping Considerations: Cold storage and proper labeling compliance
Top Export Products from India: Handicrafts and Home Decor
Indian handicrafts showcase the country’s artistic traditions, attracting niche markets worldwide. The demand for eco-friendly, handmade decor items is on the rise. Woodwork, pottery, and metalware are in great demand. Indian handicrafts represent an opportunity for small-scale exporters
- Average Selling Price: Depends on craftsmanship and material
- Popularity Reasons: Unique handmade appeal, cultural significance
- Potential Markets to Export: USA, Europe, Middle East
- Expected Growth Rate: Steady growth in niche markets
- Trend Analysis: Increased demand for eco-friendly and artisanal home decor
- Pro Tip: Online marketplaces like Etsy offer great exposure
- Shipping Considerations: Fragile items require careful packaging
Top Export Products from India: Leather and Footwear
India’s expertise in leather goods stems from local craftsmanship combined with cutting-edge manufacturing units. The availability of cattle supports cheaper raw materials. Export demand for shoes, belts, bags, saddlery, and harnesses.
- Average Selling Price: Varies by design and material
- Popularity Reasons: India’s expertise in leather craftsmanship
- Potential Markets to Export: Italy, Germany, UK
- Expected Growth Rate: 12%
- Trend Analysis: Rise of sustainable and vegan leather options
- Pro Tip: Eco-friendly leather is a growing segment
- Shipping Considerations: Protection against moisture damage
Top Export Products from India: Automobiles and Auto Components
India’s auto industry is known worldwide for its cost-efficient manufacturing, saving up to 10-25% compared to Europe or Latin America. The sector is rapidly evolving with advancements in electric vehicles and smart mobility solutions. Key exports include drive transmission and steering, engine components, body/chassis, suspension, and braking etc.
- Average Selling Price: Varies by vehicle type and component category
- Popularity Reasons: India’s cost-efficient manufacturing, robust automotive sector
- Potential Markets to Export: Africa, Latin America, Southeast Asia
- Expected Growth Rate: CAGR of 7.5% (2024-2030)
- Trend Analysis: Growing demand for electric vehicles and sustainable transportation
- Pro Tip: Focus on electric vehicle components to tap into emerging markets
- Shipping Considerations: Bulk shipping for vehicles, careful handling for precision components
Top Export Products from India: Chemicals and Petrochemicals
With a robust industrial base, India supplies essential chemicals for pharmaceuticals, agriculture, and manufacturing. The shift toward sustainable and biodegradable chemicals is opening new avenues for exporters. The proximity to the Middle East also offers India an advantage when it comes to petrochemicals.
- Average Selling Price: Depends on chemical type and purity levels
- Popularity Reasons: Strong industrial base, competitive pricing, high global demand
- Potential Markets to Export: China, USA, Brazil
- Expected Growth Rate: USD 1 Trillion by 2040
- Trend Analysis: Increased focus on sustainable and biodegradable chemicals
- Pro Tip: Compliance with REACH, EPA, and other international regulations enhances marketability
- Shipping Considerations: Requires hazardous material handling, adherence to safety regulations
How to start exporting from India
Exporting products from India involves several key steps to ensure compliance with regulations and successful international transactions. Here’s a concise overview:
- Establish Your Business Entity: Form a sole proprietorship, partnership, or company with a unique name and logo.
- Open a Bank Account: Set up a current account in your business’s name at a bank authorized to deal in foreign exchange.
- Obtain Necessary Registrations:
- Permanent Account Number (PAN): Issued by the Income Tax Department.
- Importer-Exporter Code (IEC): Mandatory for export activities, obtainable from the Directorate General of Foreign Trade (DGFT).
- Select Top Export Products from India: Choose products with international demand, considering factors like market trends, competition, and compliance with export regulations.
- Conduct Market Research: Identify target markets by analyzing customer trends, trade statistics, competitors, and import regulations of potential countries.
- Understand Export Documentation Requirements: Familiarize yourself with necessary documents, such as commercial invoices, packing lists, certificates of origin, and bills of lading or airway bills. Proper documentation is crucial for smooth export operations.
- Find International Buyers: Connect with potential buyers through trade fairs, buyer-seller meets, or online platforms like Amazon Global Selling and Shopify.
- Arrange Logistics and Shipping: Decide on shipping methods and manage logistics, either by partnering with freight forwarders or utilizing fulfillment services.
Shipping plays a crucial role in export success. iThink Logistics helps businesses streamline international shipping for faster deliveries within 10-12 days with minimal delays at affordable costs. Get the benefit of CSB5 with GST-compliant invoices when you partner with iThink Logistics.
Also Read: International Courier Partners for E-commerce in India
- Ensure Compliance with Export Regulations: Stay updated on export policies, product standards, and international trade agreements to ensure adherence to all legal requirements.
- Manage Payments and Currency Exchange: Set up systems to receive payments in foreign currencies, ensuring compliance with financial regulations and efficient currency conversion.
By systematically following these steps, you can establish a robust foundation for exporting products from India, paving the way for successful international business operations.
Final Thoughts
Exporting from India is a lucrative opportunity with immense growth potential. From pharmaceuticals to textiles, top export products from India are well-received across global markets. By understanding demand, regulations, and logistics, businesses can maximize profitability.
Need a reliable shipping partner? iThink Logistics streamlines your export operations with seamless international shipping solutions. Start your global journey today!
