According to a recent economic survey for top exported products of India, Petroleum products contribute almost 14 per cent of the overall exports of the country i. e. around the US $ 46.54 billion. The top exports of the country account for almost 3-5th, i.e. 60.2 % of global shipment value.
The largest export destinations in the current financial year are – United States of America (USA), China, Hong Kong, Bangladesh, Pakistan, and the United Arab Emirates (UAE). India had shipped almost US $ 322.8 billion worth of goods in the previous year.
The latest available country-specific data shows that importers in the below-mentioned countries bought almost 54.8% of products that are being top exported products of India.
- United States (16.8% of the global total)
- United Arab Emirates (9.2%)
- China (5.3%)
- Hong Kong (3.5%)
- Singapore (3.3%)
- United Kingdom (2.7%)
- Netherlands (2.7%)
- Germany (2.7%)
- Bangladesh (2.6%)
- Nepal (2.2%)
- Belgium (2%) and
- Malaysia (1.9%)
The below chart shows the percentage share – (% shows total export)
|
No. |
Product name | Amount (in dollars) | Percentage |
|
1 |
Mineral fuels | 44.1 billion | 13.7 % |
| 2 | Gems, precious metals | 36.7 billion |
11.4 % |
|
3 |
Machinery, computers | 21.2 billion | 6.6 % |
| 4 | Organic chemicals | 18.3 billion |
5.7 % |
|
5 |
Vehicles | 17.2 billion |
5.3 % |
| 6 | Pharmaceuticals | 16.1 billion |
5 % |
|
7 |
Electrical machinery and equipment | 14.7 billion | 4.5 % |
| 8 | Steel & Iron | 9.7 billion |
3 % |
|
9 |
Clothing & Accessories | 8.6 billion |
2.7 % |
| 10 | Crochet & Knit clothing | 7.9 billion |
2.5 % |
The Indian government is aiming to build a new India and become a 10 thousand $ billion company in the export world.
Below are 7 of the top exported products of India.
1. Refined petroleum
Among the top exported products of India, the petroleum industry of India is a major source of income from the export market. Our major export countries are – the Netherlands, the United Arab Emirates, Saudi Arabia, and Singapore.
2. Precious stones and Gems
India is amongst the leading countries in the case of producing, consuming, and exporting jewelry and gems. Top countries that import from India are – China, the United States of America, UAE, Latin America, Hong Kong, Russia, and Singapore.
3. Mineral fuels
Our country processes almost 87 different types of minerals which can be bifurcated as 40 types of fuel minerals, 47 kinds of non- metals, 10 metallic minerals, and 26 others. The key export mineral is Iron ore.
4. Cars
Indian automotive industry is growing very strongly, and thus it attracts national and international markets.
5. Mechanical equipment
India is the largest manufacturer of mechanical appliances. Indian mechanical industry is currently producing self- propelled harvesters and tractor – driven harvesters in huge quantity. Countries like Africa, Asia, Middle East, South America are amongst the top importers.
6. Organic Chemicals
Top exporters of inorganic, agrochemicals, and organic chemicals are – USA, Indonesia, China, Brazil, Malaysia, Turkey, Italy, Netherlands, and France.
7. Pharmaceutical products
The country ranks 3rd in size and 14th in value in the pharmacy industry. We export to almost 200 countries in the world.
We considering the thriving opportunities and booming demand for the Export and Import sector, we provide the continual practical training of Import and Export Business so as to give the participants an insight into International Trade.