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Top 10 export products from India you must know

Top 10 Export Products from India and Its top Export destinations

India is one of the top exporters for various products into world and today we will discuss top 10 products being exported from India to its top export destinations. Our focus will remain on two stuffs; one is to identify top export products and second to identify top destinations for those top products.

My previous topics talk about Introduction to Export, Learning Insights on Import and Impact of GST on Export

 In this article, we will discuss top 10 products exported from India and top 5 countries for each of 10 products imported from India along with some explanatory data like ranking in India and in the world and % of exports from India and from the world etc.

Let us check few facts of exports made by India. Export data of India shows a positive progress and get continuous increase from last 8 months. The exports done in May 2017 exceed the exports made in May 2016 by 8.3%, although the monthly performance of Exports in May 2017 compared to April 2017 are declined by 2.5%. The cumulative exports of April- May 2017 performed well and got increased by 13.83%.

Now we will find out what top products are exported from India and top markets where those top products are exported.

Top 10 products exported from India in 2016

We will see here top 10 products exported by India, top 5 export destinations and India`s export ranking in the world export of these products ;

1- Gems, precious metals

Entire exports made by India into world is $ 42.290 billion. India has secured 19th position in the world export ranking for this products. The share in world export is 1.6%.

Top countries importing this product are ;

i- United Arab Emirates

ii- Hong Kong China

iii- Unites States of America

Iv- Belgium

v- Israel

i- UAE is the biggest importer of this product in dollar value from India and imports 31.4% of India`s total export and 6.1%  from world to meet its requirement.

ii- Hong Kong China comes to second number and imports 28.5% of India`s total export from India and the balance 10.8% from other exporting countries.

iii- USA which is the third largest import from India and 5th largest importer from the world, imports 23.5% of India`s total export and 10.5% of world imports.

iv- Belgium which is the fourth largest importer from India by getting 8th ranks in world import, imports 2.8% of India`s total export and 2.8% of total world Imports.

 v – Israel come on 5th in the list and import 21.2% of India`s total export and comes on 16th rank in world import by importing 1.2% of total world import.

2- Mineral fuels, mineral oils and products of their distillation

India has exported $ 27.715 billion and got 18th ranking for this product by contributing 1.8% share in the world export.

The top 5 importing countries for this product are numerated below;

i- United Arab Emirates

ii- Singapore

iii- United States of America

iv- Gibraltar

v- Oman

i- UAE which is one of the top 5 importer countries of this products from India and 30th importer from world- imports 13.3% of India`s total export from India and 0.6% of world import. Tariff – import duty, faced by UAE against the product imported from India is 5%. (Tariff will be explained in a separate blog in detail)

ii- Singapore which takes second position for the product to import from India and 8th position from the world, imports 12.6% of India`s export and 3.3% of world Imports.

iii- USA comes as third largest importer of the product from India and second largest importer from the world. USA imports 7.1% of India`s total export and 10.5% of world imports. Tariff faced against this product exported by India for USA is 1,2%.

iv – Gibraltar which is the 4th largest importer of the product from India and 39th from other exporting countries imports 6% of India`s total export and 0.5% of world imports.

v- Oman which comes on 5th from India and 67th from the world imports 4.8% of India`s total export and 0.1% of world imports to meet its domestic needs.

3- Vehicles other than railway

The third largest product amounting to $14.99 billion exported by India makes 1.1% shares in world export and gets 21st export global ranking. India`s share in the total world export of this product is 1.6%.

5 top export destinations of this product by India are ;

i- Mexico

ii- USA

iii- Nepal

iv – Bangladesh

v- United Kingdom

i- Mexico which is one of the top importers of this product  imports 12.2% of total exports made by India and 2.8% of total world imports. The ranking of the country among importing countries for this product is 10th. The tariff faced by Mexico against the product is 20.2% which is a bit high.

ii- USA which is the number two importer of this product from India and number one importer from other exporting countries, imports 8.7% of the entire exports made by India and 21.1% of the total made by the world. The tariff faced by USA against the product exported by India is 3.1%.

iii- Nepal participated 4.9% of total exports of India and 0.06% of the total world import gaining 91st rank in the world import. The tariff faced by Nepal against the product exported by India is 52.3% that is huge and it will increase the landing cost much in Nepal.

iv- Bangladesh is the 4th largest importer of this product from India and 68th importer from the world. India’s export to bangladesh is 4.4% of its total export of the product while the share of imports of Bangladesh from the world is 0.1%. The tariff faced by Bangladesh against the product exported by India is 16.1%.

v- United Kingdom which is the 5th largest importer of this product from India and 3rd largest importer from the world imports 4.2% of India`s total export and 5.6% of world`s total imports. The tariff faced by UK against the product exported by India is 8.2%.

4- Machinery, mechanical appliances, nuclear reactors, boilers; parts the

This is the 4th top product exported by India for $ 13.557 billion which is the 5% of total world exports for this product. The product is positioned at 25th in the world export ranking along with the 0.7% share in world export.

Top 5 countries import the product are;

i- United States of America

ii- United Arab Emirates

iii- United Kingdom

iv- Germany

v- Turkey

i- USA is the number one importer from India well as from the world imports 13.9% of India`s total export and 16.2% of world imports. The tariff faced by USA against the product exported by India is 0.1% that is very minimal and favourable for USA.

ii- United Arab Emirates who is the second largest importer from India and 23rd from the world imports 4.9% of India`s total export and 16.2% of world total imports. The tariff faced by UAE against the product exported by India is 4.1%.

iii- United Kingdom which is the 3rd largest importer from India and 4th largest importer from the world imports 4.8% of India`s total export and 3.9% of world total imports. The tariff faced by UK against the product exported by India is 0%.

iv- Germany which is the 4th largest importer from India and 3rd largest importer from the world imports 4.8% of India`s total export and 7% of world total imports. The tariff faced by Germany against the product exported by India is 0%.

v- Turkey which is the 5th largest importer from India and 19th largest importer from the world imports 3.7% of India`s total export and 1.4% of the total world  imports. The tariff faced by Turkey against the product exported by India is 0%

5- Pharmaceutical products

Pharmaceutical products is the top export product made by India and the industry is booming very fast. India has exported $ 13.042 billion imported by top countries numerated below;

i- United States of America

ii- United Kingdom

iii- South Africa

iv- Nigeria

v- Russian Federation

i- USA is the 1st largest importer of pharmacy product from Indian as well as from world. It imports 39.8% of India`s total export and 17.4% of total world imports for this product. The tariff faced by USA against India`s pharmacy Product is 0%.

ii- United Kingdom  is the 2nd largest importer of pharmacy product from Indian and 4th largest importer from world. It imports 3.6% of India`s total export and 6.2% of total world imports for this product. The tariff faced by UK against India`s pharmacy Product is 0%.

iii- South Africa is the 3rd  largest importer of pharmacy product from Indian and 44th importer from world. It imports 3.2% of India`s total export and 0.4% of total world imports for this product. The tariff faced by SA against India`s pharmacy Product is 0.1%.

iv- Nigeria is the 4th largest importer of pharmacy product from Indian and 74th importer from world. It imports 2.7% of India`s total export and 0.1% of total world imports for this product. The tariff faced by Nigeria against India`s pharmacy Product is 0.0%.

v- Russian Federation the 5th largest importer of pharmacy product from Indian and 13th largest importer from world. It imports 2.6% of India`s total export and 1.7% of total world imports for this product. The tariff faced by Nigeria against India`s pharmacy Product is 4%.

6- Organic chemicals

$11.253 billion exported by India makes 2.6% shares in world export. Organic chemical gets 11th ranking in the world export. India is the 6th largest exporter and 5 top export destinations are;

i- United States of America

ii- China

iii- Germany

iv- Japan

v- Netherlands

i- USA which is the top importer from India as well as from the world imports 12.4% of India`s total export and 13.2% of total world`s import. The tariff faced by USA against the product exported by India is 1.4%.

ii- China which is the second largest importer from India as well as from the world imports 7% of India`s total export and 11.6% of total world`s import. The tariff faced by China against the product exported by India is 5.2%.

iii- Germany which is the 3rd largest importer from India and 4th largest importer for the product from the world imports 4.8% of India`s total export and 8.1% of total world`s import. The tariff faced by Germany  against the product exported by India is 4.3%

iv- Japan which is the 4th largest importer from India and 6th largest importer for the product from the world imports 3.5% of India`s total export and 3.8% of total world`s import. The tariff faced by Germany  against the product exported by India is 0%

v- Netherlands which is the 5th largest importer from India and comes on 9th largest in the world, imports 3.2% of India`s total export and 3.6% of total world`s import. The tariff faced by Germany  against the product exported by India is 4.3%

7- Apparel and clothing accessories

Export of Garment and clothing is the backbone for India. Many people works in this industry in domestic market as well as for export. India has exported 7.910 billion which is 3.6% of total world export with securing 6th rank in the world export.

Top 5 export destination of Apparel for India are below;

i- Unites States of America

ii-United Arab Emirates

iii- United Kingdom

iv- Spain

v- Germany

i- USA which is the top importer from India as well as from the world imports 23.4% of India`s total export and 19.4% of total world`s import. The tariff faced by USA against the product exported by India is 10.7%.

ii- UAE which is the 2nd largest importer from India and comes at 11th as importer from the world imports 18.3% of India`s total export and 2.2% of total world`s import. The tariff faced by UAE against the product exported by India is 5%.

iii- UK which is 3rd largest importer from India and placed at 4th from the world, imports  9.4% of India`s total export and 6.1% of total world`s import. The tariff faced by UK against the product exported by India is 9.2%.

iv- Spain which is the 4th largest  importer from India and gets 6th rank from the world imports 5.9% of India`s total export and 4.7% of total world`s import. The tariff faced by Spain against the product exported by India is 9.2%.

v- Germany which is the 5th largest  importer from India 2nd largest importer from the world, imports 5.8% of India`s total export and 8.8% of total world`s import. The tariff faced by Germany against the product exported by India is 9.2%.

This is worth mentioning that the above product does not include knitted, if the same is covered, the UAE is the 1st largest importer, Germany 4th and  France 5th largest importer.

8- Electrical machinery and Its equipment.

$ 8.217 billion exported by India is 0.4% shares and comes on 32nd rank in world export. The product being imported by top 5 countries are below;

i- United State of America

ii- United Arab Emirates

iii- Germany

iv- China

v- United Kingdom

i- USA which is the top importer from India and 2nd largest importer from the world, imports 14.2% of India`s total export and 13.5% of total world`s import. The tariff faced by USA against the product exported by India is .1%.

ii- UAE which is the 2nd largest importer from India and 22nd largest importer from the world, imports 9.2% of India`s total export and 0.9% of total world`s import. The tariff faced by UAE against the product exported by India is 2.6%.

iii- Germany which is the 3rd largest importer from India and 4th largest importer from the world, imports 4.9% of India`s total export and 5.3% of total world`s import. The tariff faced by Germany against the product exported by India is 0.5%.

iv- China which is the 4th largest importer from India and number 1 largest importer from the world, imports 4.7% of India`s total export and 16.6% of total world`s import. The tariff faced by China against the product exported by India is 4.6%.

v- UK which is the 5th largest importer from India and number 11th largest importer from the world, imports 4.7% of India`s total export and 2.3% of total world`s import. The tariff faced by UK against the product exported by India is 0.5%.

9- Iron and steel

India has exported $ 6.436 billion which is 2.1% of world export and 14th rank in world export. Iron and Steel industry is one of the most important industry in India stands third largest producer of raw material. Iron and steel is produced from Iron ore which is itself exported in good amount. Iron and Steel has a good demand in domestic market as well.

The top 5 countries importing Iron and Steel from India are;

I- Italy

ii- Nepal

iii- Belgium

iv- Bangladesh

v- United Arab Emirates

i- Italy  which is the top importer from India and 4th largest importer from the world, imports 7.9% of India`s total export and 4.7% of total world`s import. The tariff faced by Italy against the product exported by India is 0.3%.

ii- Nepal which is the 2nd largest importer from India and 72nd largest importer from the world, imports 7.9% of India`s total export and 0.2% of total world`s import. Nepal depends on Indian Iron and Steel products majorly.The tariff faced by Nepal against the product exported by India is 11.3%.

iii- Belgium which is the 3rd largest importer from India and 8th largest importer from the world, imports 7.8% of India`s total export and 3.1% of total world`s import. The tariff faced by Belgium against the product exported by India is 0.3%.

iv- Bangladesh which is the 4th largest importer from India and 36th largest importer from the world, imports 5.8% of India`s total export and 0.7% of total world`s import. The tariff faced by Bangladesh against the product exported by India is 2.9%.

v- United Arab Emirates which is the 5th Largest importer from India and 29th largest importer from the world, imports 5.5% of India`s total export and 0.9% of total world`s import. The tariff faced by UAE against the product exported by India is 5%.

The notable point here is UAS although comes on 1st or 2nd largest importer always hear fails to secure its inclusion in the list of 5 largest importers and it is the 6th largest importer of the product from India and 2nd largest importer from the world.

10- Cereals

Cereal is a part of aggro products consisting of  Barley, Broken Wheat, Buckwheat, Chia seeds, corn flakes, cracked wheat, wheat, flaked rice, macaroni and maize. India is leading exporter of agro products including rice on large scale.  The $ 5.554 billion exported by India makes the share of 5.9% shares of world export. India is the 10th largest exporter and gets 6th ranking in world export.

The top 5 importer countries are ;

i- Saudi Arabia

ii- United Arab Emirates

iii- Iran

iv- Irag

v- Nepal

i- Saudi Arabia is 1st largest importer from India with the rank of 15th in world export. It imports 12.8% of total India`s export and 2.1% of total world imports.

ii- United Arab Emirates is the 2nd largest importer from india and is on 23rd ranking in world imports. 11.8% imported by UAE from India is the 1.3% shares of world imports.

iii- Iran – a third largest export destination imports 9.1% of total India`s export and 2% share in world imports. Iran is ranked at 16 to import from the world. The tariff faced by Iran against the product is huge that is 35.7%.

iv- Iraq for few years is largely depending on India`s product and imports 7.4% of India`s total export and 0.6% of world imports. Iraq is the 4th largest importer from India and 41st from the world.

v- Nepal to a great extent depends on India to meet its domestic requirement and imports 5.2% of India`s total export and 0.3% of world imports. Nepal is considered to be 5th largest importer from India while it is on 65th ranking in world importers.

Conclusion

An exporter can get insights which products are to be picked to work out and give its start and can target which country is more suitable to export. The products categorized in top lists are based on 2 level HS code & Tariff mentioned against each product is averaged one.  

4 replies on “Top 10 export products from India you must know”

This article is informative. However author may highlight why India is the preferred destination for these products and why this list is so short despite the fact that India is not so small country.

India exports lot of products and top 10 export products are listed down here in terms of dollar value exported to the world in 2016. These top Products preferred to be imported from India by Importing countries are mainly quality of goods maintained along with the best prices. There are some other aspects as well for these products to be on top for export like “Import Penetration Index”, “TII values” and “RTA status” which will be elaborated in coming blogs. Keep tracking.

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