The Latest Trends in Import and Export from India

The Latest Trends in Import and Export from India

India is a major global player in both import and export. In 2021, India exported goods worth $403 billion and imported goods worth $532 billion. This makes India the 19th largest exporter and the 13th largest importer in the world.

There are a number of trends that are shaping the import and export landscape in India. These trends include:

The rise of e-commerce: E-commerce is growing rapidly in India. In 2021, e-commerce sales in India were worth $84 billion. This growth is being driven by the increasing use of smartphones and the growing middle class in India.

The growth of the manufacturing sector: The manufacturing sector is growing rapidly in India. In 2021, the manufacturing sector grew by 10.5%. This growth is being driven by government policies that are aimed at promoting manufacturing in India.

The increasing focus on exports: The Indian government is increasingly focused on promoting exports. In 2021, the government launched the Production Linked Incentive (PLI) scheme, which is aimed at boosting exports in a number of sectors.

These trends are creating opportunities for businesses that are looking to import or export from India. Businesses that are able to tap into these trends can benefit from the growing Indian market and the increasing opportunities for trade.

Here are some of the top products that are being imported and exported from India:

Imports

Electronics: India is a major importer of electronics, including smartphones, laptops, and televisions. The Indian government's PLI scheme is aimed at boosting the production of electronics in India.

Machinery: India is a major importer of machinery, including machine tools, industrial equipment, and transportation equipment. The Indian government is investing heavily in infrastructure, which is creating demand for machinery.

Chemicals: India is a major importer of chemicals, including fertilizers, plastics, and pesticides. The Indian government is promoting the use of chemicals in agriculture and manufacturing.

Food and beverages: India is a major importer of food and beverages, including fruits, vegetables, and dairy products. The Indian government is working to improve the food supply chain in India.

Exports:

Textiles: India is a major exporter of textiles, including cotton, silk, and wool. The Indian government is promoting the development of the textile industry in India.

Gems and jewelry: India is a major exporter of gems and jewelry. The Indian government is working to improve the quality and design of gems and jewelry made in India.

Pharmaceuticals: India is a major exporter of pharmaceuticals, including generic drugs and other pharmaceutical products. The Indian government is investing in research and development in the pharmaceutical industry in India.

Automobiles: India is a major exporter of automobiles, including cars, trucks, and buses. The Indian government is working to improve the quality and design of automobiles made in India.

These are just some of the top products that are being imported and exported from India. If you are looking to import or export from India, it is important to do your research and find the right suppliers and partners. By doing your research, you can ensure that you are successful in the Indian market. Contact us for more info. or business.