Do you know about this recent economic survey which clearly states that petroleum products are one of the top-most products export from India? They contribute almost 14% to the total exports of our country. If we talk about the statistics, it’s almost US $46.54 billion.
Why did we share this? Because the ratio of export business is increasing like anything in India. And, it is evident that if we want to create some employment opportunities, expand foreign exchanges, or boost India’s economic activities, high growth of outbound shipments is much needed.
Now, suppose you are planning to start your export-import business, you need to do some research first about the topmost booming products that can be export from India to other countries and have high demands there. But you are often unsure how to start the export business if you are new to this.
Well, no worries! We have made a list of the top 5 booming products exported from India. You can try exporting these products or start with your product after carefully analyzing the demand. So, without wasting much time, let’s have a look at the topmost booming products to export from India:
- Refined petroleum
- Fruits and vegetables
Below listed are the most Booming products export from India
- Refined petroleum: –
If you ever closely observe the petroleum industry of India, it is one of the major and trusted sources of income for the Indian market. So, the Indian market exports refined petroleum in a very big volume. India exports refined petroleum to major countries like the United Arab Emirates, Singapore, Saudi Arabia, and the Netherlands.
- Spices: –
India is a very strong business hub for spices and is known for the business of various spices. If you are aware of the long history of India, you will get to know that India has a big history of trading with the ancient civilizations of Rome and China.
Today, Indian spices are famous globally in the modern world because of their enchanting aroma and exquisite, fine flavors, exotic taste, unique texture, and medicinal value. India is one of the biggest exporters of spices around the world. India produces almost 75% of the total varieties identified by the International Organization for standardization and accounts and produces more than half the global volume of species.
Turmeric, red chilies, garam masala, cardamom, cumin, cinnamon, other masala blends are the main spices that India exports around the globe.
So, this is one of the lucrative business opportunities, especially if you want to export spices from India.
- Cereals: –
Many of you might not be aware of this, but India is one of the largest cereal producers and the leader in the export business of cereal around the globe. If we talk about the major cereals that India produces are – paddy, barley, wheat, sorghum, millet(bajra), and maize.
Now, you surely might have a question in your mind that if India is the biggest exporter of cereals, then who is the biggest importer of Indian cereals. Yes, Iran has been one of the major importers of Indian cereals for the last few years. The strong demand for cereals worldwide develops a great environment for India to do the business of exporting cereals.
- Seafood: –
Before talking about India, we must want to mention here that China, Norway, and Vietnam are some of the countries leading in the exporter of Seafood around the globe.
So, India is the 4th biggest nation of seafood exporters around the world with an uninterrupted cold chain. It is important to keep the Seafood fresh for the long run, and the exporter needs to avoid the spoilage and losses of Seafood.
In the past short time, the whole world faced the coronavirus pandemic and financial crisis. In such a time, the Indian seafood industry is undergoing significant development. For India, the Seafood industry became one of the country’s biggest exporters during the pandemic time.
- Fruits and vegetables: –
When it comes to fruits and vegetables, India has a very healthy amount of experience of transporting perishable cargo such as vegetables and fruits around the globe. It is unfair to mention that India finds a way to protect vegetables and fruits from pests and spoilage here.
India exports the best quality of fruits and vegetables with high standard control procedures. We think that there are thriving opportunities and demands for fruits and vegetables, and it is one of the booming products for the export sector of India.
In a nutshell, we would like to add here that identifying the best product to export from India requires lots of good research analysis to get maximum benefits as an export business. The above-mentioned products are the top-most exported products based on our survey, and there are plenty of other products that have good business potential in 2022.
If you still have some doubts, queries, questions or need advice regarding your exports and import business, we can surely help you. At Impexperts, we have experienced yet best-in-class experts who can guide you through every phase of your export business. You do not have to worry at all! We will take care of everything. All you need to do is to schedule a call with our expert or shoot an email. We will be happy to help you!