Aug 29, 2024
By: Prerna Tyagi
Export refers to the sale of goods or services produced in one country to another. It is a key component of international trade and is crucial for a country's economic growth. Let’s look at India’s top export destinations, according to the India Trade Portal:
The USA is India's largest export market, with key exports including gems and jewellery, pharmaceuticals, textiles, engineering goods, and IT services.
The UAE is a major trade partner due to its strategic location. India mainly exports petroleum products, gems, textiles, and food products.
Despite tensions, China remains a key destination for Indian exports like iron ore, cotton yarn, organic chemicals, and petroleum products.
India’s exports to Bangladesh include cotton, cereals, machinery, and pharmaceuticals.
The Netherlands is a gateway to Europe for Indian exports, primarily petroleum products, pharmaceuticals, machinery, and food items.
Singapore is a crucial Southeast Asian partner, with key exports including petroleum products, machinery, precious stones, and organic chemicals.
Hong Kong acts as a re-export hub for Indian goods, particularly gems, electrical machinery, textiles, and food products.
The UK is an important market for Indian textiles, gems, machinery, and pharmaceuticals.
Belgium is a significant European market, mainly for Indian diamonds, pharmaceuticals, textiles, and machinery.
Germany imports machinery, pharmaceuticals, auto components, and textiles from India.