Inspecting India's Exports: We take a look at India and their exports, the growth areas and logistics.
Quick Stats:
In 2020 India was the 18th biggest economy in total exports.
The top exports of India are Refined Petroleum ($25.3B), Packaged Medicaments ($17.8B), Diamonds ($16B), Rice ($8.21B), and Jewellery ($7.57B), exporting mostly to United States ($49.7B), China ($18.5B), United Arab Emirates ($18.1B), Hong Kong ($9.18B), and Germany ($8.8B).
In 2020, India was the world's biggest exporter of Diamonds ($16B), Rice ($8.21B), Crustaceans ($3.95B), Non-Retail Pure Cotton Yarn ($2.61B), and Pepper ($1.16B) *
Engineering Goods accounted for $52,3B in April to September2021
Growth Area:
India's export of electronic goods rose by almost 88% from USD 6600 Million in 2013-14 to USD 12,400 Million in 2021-22.
Mobile phones, IT hardware (laptops, tablets), consumer electronics (TV and audio), industrial electronics and auto electronics are the key exports in this sector. Government's initiatives are boosting domestic manufacturing of quality for globally competitive products.
Logistics:
India’s 95% of export trading (by volume) is done through maritime transport, with 13 Major Ports carrying the bulk. There is 6 new mega ports in development.
Inspexion’s interest in India:
We have over 400 inspectors and 87 Inspection Companies in India currently, so we can provide third party inspections for any consumer goods exported from India.
We have local inspectors in all 13 the busiest ports of India so whether you are buying spices from Kochi, or Iron Ore from Mangalore, we can get a local independent inspector to inspect and report saving you time and money. Speciality products and Engineering goods from Mumbai, petrochemicals form Thoothukudi, we have experienced inspectors on hand to provide you with professional reports.
With our inspection marketplace, quick on-boarding and competitive rates through job bidding you can post your request for inspection with the knowledge that we have you covered in India.
Log on to inspexion.com and request an inspection.
*https://oec.world/en/profile/country/ind
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