India is one of the biggest exporters of stuff in the world, ranking 19th. They export all sorts of things, and what they export is known for is really good quality and not too expensive, which makes them a lot of money.
If you’re thinking about starting your own export business in India, you should know about the top things people are buying from India in 2023. Here’s a list:
1. Petroleum Products ($61.2 billion): India exports a lot of energy stuff, and places like the United Arab Emirates, Singapore, and China really want it because they need energy.
2. Jewelry ($41.2 billion): India makes beautiful jewelry with gold, diamonds, silver, and pretty stones. People in the United States, Hong Kong, UAE, Switzerland, and the United Kingdom love buying Indian jewelry.
3. Automobiles ($14.5 billion): Indian companies like Tata Motors, Mahindra & Mahindra, and Maruti make cool cars that aren’t too expensive. These cars are becoming popular in places like South Africa, Latin America, Europe, and the Middle East.
4. Machinery ($13.6 billion): India makes machines that are strong and don’t cost too much. Countries like the United States, UAE, United Kingdom, Germany, and China use these machines to grow their businesses.
5. Bio-Chemicals ($12 billion): Indian companies make chemicals for lots of different things. They export these chemicals to the United States, European Union, Japan, and South Korea, which helps those countries do things in a way that doesn’t harm the planet.
6. Pharmaceuticals ($11.7 billion): India makes medicines that are good and don’t cost too much. They send these medicines to people all around the world.
7. Cereals ($10.1 billion): Indian grains like rice, wheat, maize, and millet are yummy and healthy. People in Saudi Arabia, UAE, Iran, Nepal, and Bangladesh like to eat these grains.
8. Iron and Steel ($9 billion): India exports a lot of iron and steel to other countries. These materials are used to build things like bridges and buildings in over 205 different countries.
9. Textiles ($9 billion): India makes fabric for clothes and other stuff. They use traditional methods and new ideas to make it interesting.
10. Electronics ($9 billion): India makes electronic stuff, like phones and computers. People in the United States, UAE, United Kingdom, Germany, and China buy a lot of these things.
To do well in the exporting business in India, you need to have a good plan for how to tell people about your stuff and get the right permissions to do business. There are special registrations that can help you, like:
1. Spice Board Registration: If you want to export spices, you need this to show that your spices are good and safe to eat. It also helps you find people who want to buy your spices.
2. Engineering EPC Registration: This registration gives you lots of helpful things like information about building stuff and a way to talk to experts.
3. Export Promotion Council for Handicrafts Certificate (EPCH) online registration: If you make crafts by hand, this helps you sell them to people all around the world. You get help with making your crafts better and finding places to export them.
4. Synthetic & Rayon EPC Registration: If you make synthetic stuff, like clothes, this registration helps you export it better. You get help with understanding the rules and finding people who want to buy your stuff.
Vital Certifications for Advancing Your Export Venture in India
1. ISO Certification
Obtaining ISO certification within an Indian export enterprise demonstrates a steadfast commitment to global benchmarks. It fosters trust among international partners, while also guaranteeing product quality and adherence to standards.
2. US FDA Certification
For Indian export enterprises, securing US FDA certification is imperative, given the stringent prerequisites for exporting food, pharmaceuticals, and medical goods to the United States. This certification ensures adherence to regulatory standards and facilitates market entry.
3. DUNS Number Registration
In simple terms, getting a DUNS number is really important for Indian businesses that want to sell stuff abroad. It makes them look trustworthy and helps banks decide if they should give them money to export things. Plus, it opens up opportunities to do business worldwide.