List of Products Exported from India - India’s Top 10 Exports
21 August 2017
Indian export market has boosted the growth of Indian
economy in last years. Exports contribute around four percent to India’s gross
economic output. India is exporting many essential products to other countries
and foreign markets are determined with Indian products. Indian export market
has earned nearly USD 260 billion during the year 2016. The major export
products of India include petroleum products, jewellery, pharmaceuticals, motor
cars and so on. Here are the top 10 commodities exported from India and fetched
foreign currency. Are you planning to start export business in India? Well, you
must be aware of most exported products from India which have high demand in
global market. Here, we take a comprehensive look at the analysis of list of products
exported from India.
Jewellery
The term jewellery includes gold, gemstones, diamonds, parts
of jewellery and similar materials. In India, the jewellery sector is supported
by banks and government policies so that the industry does not decline
drastically. India did the export business of USD 42.29 billion from jewellery
products during 2016. Nearly 31% of Indian jewellery get exported to the United
Arab of Emirates only while it is nearly 28% and 23% get exported to Hong and
United States respectively. The other such countries include Belgium, Israel,
Thailand and Singapore.
Diamond exports recorded highest dollar values in this category. India recorded value of USD 22 billion during 2016. Gold and Gemstones, precious metals are also the most demanded jewellery products in other countries, which has exported most from India.
Petroleum Products
Petroleum products or refined petroleum is the most
exporting product of India after jewellery products. It includes medium oils
& preparations and light oils and preparations, of petroleum or bituminous
minerals. India is hugely dependent on exports of oil based products, it has
supported the economy to a large extent. India did export business of USD 27
billion from petroleum products in 2016. While the value of USD 26 billion
recorded only from petroleum oils and oils obtained from bituminous minerals. Hindustan
Petroleum, Bharat Petroleum, Oil Natural Gas Corporation are some companies that
have contributed largely to the export sector of India.
Automobiles
India generated USD 15 billion from automobiles (vehicles)
exports during the year 2016. From 2012 to 2016, Indian automobile export
market has seen a rise 4%. However, it has seen a rise 6% in 2015. Being one of
the leading steel producers in the world, India invests largely on the export
of automobile sector. In this category, India exported motor cars in other
countries across the world to a large extent. Indian automobile companies in
the Indian market are expected to make India a leader in Two Wheeler and Four
Wheeler market across the world in the coming years. The growing interest of
companies in exploring the rural markets aided the growth of the sector. Also, check the sample of Automobiles Export Data of India.
Machinery
Pharmaceuticals
The pharmaceutical industry in India ranks 10th
in terms of value in world exports. India recorded USD 13.04 billion from
pharmaceuticals exports. In terms of global market, India currently holds a
modest upto 2% share but it has been growing at approximately 10% per year. Pharmaceuticals Export Data of India showed that USA
is the biggest market for Indian Pharmaceutical Industry which recorded 40% of
total exports during the year 2016. The pharmaceuticals sector in India has seen
a huge growth over the past few decades. It is a research based industry. Major
pharmaceutical industries such as J. B. Chemicals and Pharmaceuticals Limited,
Suven Life Sciences Limited, Dr. Reddy's Laboratories, Aurobindo Pharma,
Luipin, Ranbaxy, Sun Pharma, Zydus Cadila and Calyx play a huge role in
promoting the sector to the world market.
Organic Chemicals
Organic chemicals contain hydrogen with or without oxygen,
nitrogen and other elements. India stood as 11th largest in organic
chemical exporting countries in the world. It recorded value of USD 11.25
billion from organic chemical exports during the year 2016. USA, China and
Germany are the main markets for India. India did one-fourth of the organic
chemical exports in these three countries. Manufacturing organic chemicals is a
nationwide business in India and the industry contributes hugely to the
national economy. Exporters and manufacturers are spread all over the country.
Research facilities have also supported organic chemicals industry to a large
extent.
Textiles
Textile industry is India’s trump card when it comes to
exports. It is the only industry that has generated huge employment for both
skilled and non-skilled labour in textiles. India did textile export business
of USD 9.05 billion during 2016. United Arab Emirates, United States of America
and United Kingdom are its top textile importing countries. India exports
nearly 50% of textile articles to these three countries. Textile is a flexible
material consisting of natural or artificial fibres. It includes articles of
clothing and apparel accessories, knitted or knitted. India is largest in
global jute production and shares 63% of the global market of textiles &
garments.
Electronics
Iron and Steel
India is one of the largest steel producers in the world.
Most iron and steel in India is produced from iron ore. Some steel companies of
India like TISCO, IISCO, Bhilai Iron and steel centre play a major role in the
iron and steel export from India. As per the Iron and Steel Export Data of India, the exports of USD 6.43 billion recorded during the year 2016. It has seen a
rise of 2% in exports of Iron and Steel since 2015. India exports of this
sector depends largely on its importer countries such as Italy, Nepal, Belgium
and Bangladesh.
Cereals
India is one of the largest exporters of cereals across the
world and second largest producer of rice. India is an agriculture driven
country and it depends largely on its production of cereals. Saudi Arabia, UAE,
Iran and Iraq are its top rice importing countries. India recorded USD 5.55
billion from cereal exports during 2016. Rice is the major category which
generates upto 90% value of cereal exports. India is the top in rice exporting
countries around the globe with its market share of 28.9% from world’s output.
Indian government has kept a highly competitive price for the exported price to
the importing countries to boost the rice export from India. Go through the link to check the Rice Export Data of India.
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