Largest export from India to which Country

by Seair Exim Solutions Get the best India Import Export Data

India has always been in the limelight for exporting various items to different countries. If we consider the demographics of India export data country-wise in the pre-independence era, the prime importer of Indian goods was Britain. But with time, the trends have changed. A large part of the workforce is engaged in agriculture and a large portion of Indian exports consists of various agricultural products, India is also known for exporting pearls, jewels, mechanical appliances, and many more. So to understand the behavior of Indian exports, we need to list all the significant details related to this. Let’s discuss the same in the upcoming sections of this blog.

Export opportunities in India

If we study the India export data year wise and the contribution of exports in the GDP, a significant hike is observed. In 1960, it contributed to 4.46% of the GDP (with a value of $1.65B). In a decade, the contribution declined to 3.78% of the GDP, but the value accounted for $2.36B, which was almost double. After this year, there was no backstep as the contribution towards GDP and the amount increased without a downfall. But after 2015, there was a decline in Indian exports to various issues. But the value of exports was quite high, and in 2020, it was $474.15B. That signifies the endless opportunities of this sector of the economy.

India export data 2020 & 2021

Export data for 2020

The overall exports in 2020 (till September 2020) were around $221.86B.

India’s top 5 exports in 2020

Mineral fuels – 9.2% (amounting to $26.9B)

Gems & precious metals – 8.96% (amounting to $26.1B)

Pharmaceuticals- 6.64% (amounting to $19.4B)

Mechanical appliances – 6.49% (amounting to $18.95B)

Organic chemicals – 6.15% (amounting to $17.95B)

Top 5 destination for exports in 2020

USA – 16.95%

UAE – 9.21%

China – 5.3%

Hong Kong – 3.5%

Singapore – 2.85%

Export data for 2021

India’s overall exports were around 312.47B, and after comparing this India export data year wise, it clearly shows positive growth. There are multiple reasons like investment in biotechnology, new governmental schemes to boost exports, and many more.

India’s top 10 exports that observed a positive growth in 2021

Coffee (62.55%)

Cashew (49.4%)

Petroleum products (47.91%)

Cotton yarn/fabrics/handloom products etc. (40.5%)

Engineering goods (36.83%)

Organic & inorganic chemicals (29.65%)

Man-made yarn/fabrics (26.49%)

Electronic goods (26.33%)

Other cereals (21.18%)

Fruits & vegetables (21.13%)

Though these commodities observed a hike, it is not necessary that these will be the top exports of the year.

Top 5 destinations for exports in 2021

USA

China

UAE

Bangladesh

Singapore

After analysing compiling the information from the report of India export-import data year wise, it was clear that the ranking of the destination changed because of the change in demand. Such types of global trends can be interpreted with similar statistics.

More ways to discover trade opportunities

Herein we discussed our conclusion on the basis of India export data 2020 & 2021. You can further analyse the data according to the commodity or country. But getting the required information in one place is not an easy task. If you are looking for the simplest way to access India export data country-wise or India export-import data year wise, then you can contact Seair Exim Solutions. You will get an interface to access 100% authentic trade data from around 80 countries. It will help you to understand the best destinations for trading and even the organizations that may be willing to join hands with you.

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Created on Dec 24th 2021 00:07. Viewed 217 times.

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