Here is the list of India's Main Exports and Imports that is very helpful for a businessman to understand the structure of Import Export Business.
As there are many things that come under the list of India's Main export and Import we are gonna discuss the overall factor list via the volume of the business.
List of India's Main Exports and Imports
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| India's Main Exports and Imports |
India's main exports and imports according to the post by Guardian, India’s biggest export was petroleum, followed by gems and jewelry, pharmaceutical products, transport equipment, machinery and instruments, ready made garments, metals, electronics, rubber/glass and products, cotton, yarn and fabrics.
But since that article was written, IT, Business Process Outsourcing (BPO) and software services are growing faster than other exports, bringing in $154 billion in revenue in FY 2017. However, there is a lot more potential for exports – to the tune of $17.2 billion in unrealized export potential.
India's Top Imports in 2020
In our discussion of India's main exports and imports here is the list of India's Top Imports .
17.5% ($64 billion): Petroleum oils and oils obtained from bituminous minerals, crude.
5.95% ($21 billion): Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or powder form.
4.32% ($15.8 billion): Diamonds
4.31% ($15.8 billion): Coal; briquettes, ovoids, and similar solid fuels manufactured from coal.
4.14% ($15.2 billion): Petroleum gases and other gaseous hydrocarbons.
2.3% ($8.47 billion): Electronic integrated circuits.
2.16% ($7.98 billion): Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form, and machines for processing such data, not elsewhere specified or included.
2.05% ($7.54 billion): Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video camera recorders; digital cameras.
1.91% ($7.05 billion): Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or digital line systems; videophones.
1.59% ($5.87 billion): Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils.
India's Top Exports in 2020
In our facts of India's main exports and imports here is the list of India's Top exports.
9.5% ($26 billion): Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils.
6.03% ($16.6 billion): Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale.
5.52% ($15.2 billion): Diamonds, whether or not worked, but not mounted or set.
2.89% ($7.98 billion): Rice.
2.77% ($7.65 billion): Articles of jewelry and parts thereof, of precious metal or metal clad with precious metal.
1.67% ($4.62 billion): Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
1.5% ($4.14 billion): Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
1.42% ($3.91 billion): Unwrought aluminum.
1.4% ($3.87 billion): Iron ores and concentrates, including roasted iron pyrites.
1.38% ($3.82 billion): Crustaceans, whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; crustaceans, in shell, cooked by steaming or by boiling in water, whether or not chilled, frozen, dried, salted or in brine; flours, meals and pellets of crustaceans, fit for human consumption.
This is all the main info on India's main exports and imports, if you have any question ask it in the comments section.
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