List of Products Exported from India
In recent years, the Indian export market has aided the country's economic progress. Exports account for about 4% of India's total economic output. India exports many critical products to other countries, and Indian products determine global markets. India's export market brought in more than USD 260 billion in 2016. India's top exports include petroleum products, jewelry, pharmaceuticals, vehicles, and other commodities. This article examines a study of a list of products shipped from India.
Gold, jewels, diamonds, jewelry pieces, and similar materials are all included in the phrase jewelry. In order to keep the jewelry industry in India from failing, banks and government regulations assist it. During 2016, India exported 42.29 billion dollars of jewelry products. Only around 31% of Indian jewelry is sent to the United Arab Emirates, while about 28% and 23% are exported to Hong Kong and the United States, respectively. Belgium, Israel, Thailand, and Singapore are among the other countries in this category. Gold and gemstones, as well as precious metals, are the most popular jewelry items in other countries, with India exporting the most.
2. Petroleum Products
After jewelry, India's greatest exportable product is petroleum products or refined petroleum. It contains petroleum or bituminous mineral medium oils and preparations, as well as light oils and preparations. India's economy is heavily reliant on oil-based exports, which have largely supported the country's GDP. In 2016, India exported USD 27 billion worth of petroleum products. While only petroleum oils and oils obtained from bituminous rocks were valued at USD 26 billion. Hindustan Petroleum, Bharat Petroleum, and Oil Natural Gas Corporation are some of the companies that have made significant contributions to India's export sector.
India's pharmaceutical industry is ranked 10th in the world in terms of export value. Pharmaceutical exports brought in USD 13.04 billion for India. India now has a low market share of up to 2% of the worldwide market, but it is increasing at a rate of around 10% each year. Over the last few decades, India's pharmaceutical industry has grown dramatically. It is a research-based business. Major pharmaceutical companies including 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 an important role in pushing the sector to the international market.
4. Organic chemicals
Hydrogen, oxygen, nitrogen, and other elements can all be found in organic molecules. India was ranked 11th in the world in terms of organic chemical exporters. Organic chemical exports in 2016 totaled USD 11.25 billion. India's top markets are the United States, China, and Germany. In these three countries, India exported one-fourth of all organic chemicals. Organic chemical manufacturing is a multi- billion industry in India. The country is dotted with exporters and manufacturers. The organic chemicals sector has received a lot of help from research centers.
India's trump card in terms of exports is its textile sector. During 2016, India exported 9.05 billion dollars of textiles. The leading textile importing countries are the United Arab Emirates, the United States, and the United Kingdom. These three countries account for approximately half of all Indian textile exports. Textile is a soft material made up of natural or synthetic fibers. Knitted and knitted garments and accessories are included. India is largest producer of jute in the world and accounts for 63 percent of the worldwide textile and apparel market.
6. Iron and Steel
India is one of the world's top steel producers. Iron ore is used to make the majority of India's iron and steel. India's steel enterprises, such as TISCO, IISCO, and Bhilai Iron and Steel Centre, play a significant part in the country's iron and steel exports. According to India's Iron and Steel Export Data, the country exported USD 6.43 billion in 2016. India's exports in this industry are heavily reliant on importers like Italy, Nepal, Belgium, and Bangladesh.
India is the world's second largest producer of rice and one of the world's largest exporters of grains. India is an agriculture-based country that relies heavily on cereal production. Rice is the most important category, accounting for up to 90% of cereal export value. With a market share of 28.9% of global rice output, z. To increase rice exports from India, the Indian government has maintained a highly competitive pricing for exporting rice to importing countries.
When it comes to electrical equipment, India is still perceived as an importer. Since the previous few years, India's electronics sector has been quietly but steadily growing. Domestic demand for electronic goods pushes the industry to expand quicker, emphasizing the importance of export. The key drivers of demand for Indian electronics products around the world are technological advancements and competitive cost effectiveness.
Machinery is one of India's largest industries. Producing and maintaining machines for the manufacturing industry are some of the other businesses that largely contribute in exports. India's heavy machinery exports have increased by 4%. Mechanical appliances, nuclear reactors, pumps, heavy machineries, construction tools, agricultural equipment, and other types of machinery are examples of machinery. Nearly 14% of India's machinery is exported to the United States. Other important markets for machinery include the UAE, the United Kingdom, and Germany.