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If you plan to start an export business as an Indian manufacturer, you are naturally a part of the international trade market. You must provide the necessary documents and paperwork to export goods adhering to governmental guidelines. To start an export business in India the required certifications and documents must include a valid business bank account, an IEC or import-export code, and a RCMC certificate. 

India has impressed the whole world with its innovative solutions while facing trade-related challenges. By 2023, India is touted to achieve a significant target of 350 billion dollars in income from export trade through e-commerce channels. Currently, the country is all set to take risks and keep up its resilience by strengthening the online retailing sector, demand for customized goods, and lucrative profits in export trade. 

Export Business High-Demand Products 

An export business can be called one when an organization from one specific country sells its products, goods, or services to other nations. Exported products are sent from your home country to another country. India exports many goods and products such as cotton yarn, synthetic jewelry stones, pepper, rice, diamonds, and more. Export trade has boosted the country’s economy to new levels encouraging businesses to explore the Indian export trade market. 

Indian Exports & Their Global Reach 

India is the 19th largest exporter in the world with a rich and varied portfolio full of products and services. According to a background check, the total export products from our country in the year 2017 earned around 302 billion dollars in income. Over the last few decades, India has witnessed a rapid growth in exports, thanks to government initiative policies, incentive schemes, and national logistics support. Some of the most profitable export businesses in India have been maintaining a reputation for superior quality and affordable rates. This has been the single most critical factor in magnifying the Indian export trade and uplifting our logistics prowess to new heights. 

Let us throw a glance at the five most lucrative export products from the Indian shores:

• Petroleum Products – Valued at 61.2 billion dollars, the petroleum industry offers the most profitable export business in India. Petroleum products namely; naphtha, liquefied petroleum, and refined petroleum are some of the major export products. These hold a unique place in the energy market, especially in countries like the UAE, China, and Singapore. Countries wanting reliable energy sources rely on Indian petroleum products resulting in high demand and consistent supply. 
• Jewelry – The Indian jewelry sparkles its way to other countries as one of the top exported products valued at 41.2 billion dollars. It includes silver, gold, diamond, and precious gemstones. The international market is a stickler for a dazzling array of Indian jewelry items showcased as beautiful bangles, rings, necklaces, earrings, and other jewelry products. Indian jewelry exports have great demand and increasing global consumers from countries like UAE, Switzerland, Hong Kong, the United States, and the UK.

• Automobiles – The export business in India cannot ignore the contribution of automobile manufacturers and companies. Valued at 14.5 billion dollars, the automobile exports are gaining rising momentum in the foreign market. With companies like Maruti, Tata Motors, and Mahindra & Mahindra, the export destinations include big names such as Europe, Middle East, South Africa, and Latin America. Advanced designs and competitive rates are some of the driving factors that work in favor of Indian automobile exports.
• Machinery – Known for their curable nature and affordability, Indian machinery products are highly valued in many countries like the UK, US, UAE, China, and Germany. Making an impressive impact on economic growth and development, Indian machinery exports are arguably one of the most profitable export businesses in India. The vital role played by Indian machinery products has deeply influenced the global machinery market with its vast assortment of goods and products like construction machines, agricultural tools, textile equipment, and industrial machines. 
• Bio-chemicals – Valued at 12 dollars, Indian biochemical products are widely exported to cater to the needs of various global industries. Indian biochemicals have gained international attention and top export destinations in countries like the United States, Japan, the European Union, and South Korea among others. This has also earned India a worthy reputation for aiding sustainable development.  

Other Export Products 

Numerous Indian export products have secured markets in the world. Some of the other major export businesses in India include pharmaceuticals and cereals. Indian pharma companies have been exporting a wide range of medical products such as generic drugs, vaccines, APIs of active pharmaceutical ingredients, and biosimilars. India is well-known as the Pharmacy king of the world, supplying best-quality and cost-effective medicinal products all over the world. 

India’s export-quality cereals comprise products including wheat, maize, millet, and rice. India’s export-quality cereals are tasty, nutritious, and healthy. Indian cereals have great demand in Middle East countries namely Saudi Arabia and UAE. Other nations like Iran, Nepal, and Bangladesh also import our highly-valued cereals as an addition to their local cuisine. 

Other valued export products such as textiles and electronics are valued at 9 billion dollars. India’s rich heritage and cultural importance is popular all over the world. Indian textile products having adopted digital techniques and traditional handiwork offer super-quality textile exports. Operations involving embroidery, weaving, dyeing, handloom, hand printing, embossing, etc have a deep impact on the NRIs and overseas customers. With a fabulous fusion of traditional and innovative craftsmanship, the Indian textile industry has attracted global attention and foreign trade markets.

Role of Logistics Companies 

Even the electronics industry in India has been performing really well getting help from upgraded logistics companies like Onnsynex. The warehousing facilities offered by OSV help exporters reduce overhead freight costs and other regulatory compliances. Providing quality infrastructural units and warehousing spaces, some of the most profitable export businesses in India are operating within their free trade zones. 

India has become the hub for trusted-quality and affordable export products. Indian exporters are keen on exploiting this golden opportunity to start trade operations for import/export business in and out of India, tapping effortlessly into the foreign market.