Top 10 Exports of India & Who is Buying Them – Official Blog of iiiEM (2024)

India is the 19th largest exporter in the world, and its exports for 2017 totaled $302.2 billion. The 10 largest export categories account for about three-quarters (75.7%) of total Indian shipments.

India’s total exports in 2017 stood at $302.2 billion.

In 2017, India’s total exports stood at $302.2 billion. The country exported goods worth $300 billion in 2016 and $275 billion in the previous year, while it exported goods worth $261 billion in 2015, according to data released by the Ministry of Commerce and Industry on Thursday. The remaining $17.8 million was contributed by services such as software services and travel services.

In terms of individual commodities, petroleum products were India’s top export item with a value of $43 billion followed by gems and jewelry ($40 billion), chemicals ($33 billion), engineering goods ($27 billion), and organic and inorganic chemicals ($11 billion).

Petroleum products topped the list of exported goods from India, capturing a 13.3% share of total exports. Sulfuric acid was the largest item by value, accounting for 57% of all exports.

How to find buyers for exports?

The country’s top 10 export destinations were: the United States (16 percent), Saudi Arabia (14 percent) Germany (8 percent), Hong Kong SAR China (7 percent), United Arab Emirates (6 percent), Japan (5 percent), the Korea Republic of 5%), France 4%) and Netherlands 3%).

The United States was India’s top export destination for 2017, with nearly 23 percent of the country’s total exports going there.

India’s top 10 exports in order:

1. Petroleum products Value – 61.2 billion dollars
2. Jewellery Value – 41.2 billion dollars
3. Automobile Value – 14.5 billion dollars
4. Machinery Value – 13.6 billion dollars
5. Bio-chemicals Value – 12 billion dollars
6. Pharmaceuticals Value – 11.7 billion dollars
7. Cereals Value – 10.1 billion dollars
8. Iron and steel Value – 9 billion dollars
9. Textile Value – 9 billion dollars
10. Electronics Value – 9 billion dollars

India exported $83 billion worth of engineering goods to the US, with over half coming from the automobile industry. Today, Tata Motors (maker of Jaguar Land Rover) and Mahindra & Mahindra dominate the US market while Maruti Suzuki sells its high-end models in California through a franchise agreement with Mercedes Benz USA.

Gems and jewelry ($52 billion): India is one of the world’s largest producers of precious gems like diamonds, emeralds, and rubies—and by exporting these products at higher prices than it buys them for domestically, it earns an annual profit on this trade worth about four times what it nets from all other exports combined!

UAE (13.1%) and China (5.5%) followed close behind as leading export destinations for India, followed by Hong Kong (4%), Bangladesh (3.9%), and Singapore (3.8%).

Institutions that teach you about import-export:

International Institute of Import & Export Management is known for its import and export education and courses. With its head office in Ahmedabad, but situated in various cities across India, iiiEM is known for its versatile course programs in Import & Export Management.

Conclusion

India is one of the world’s largest economies, and its exports are diverse. It is a huge market for both domestic and foreign companies to tap into. As such, it has been able to grow rapidly over the last two decades with an average annual growth rate of 7% per year since 2000.