Exports are a valuable part of any countries business. By exporting made in country products almost every country earns a lot. India too is one of those countries that has been exporting many products and raw materials to other countries to earn billions of dollars. If you are also interested in exporting products from India then you have to look at products that are most profitable to export from India to other countries like UAE, Australia, Iran, Saudi Arabia, USA, UK, Malaysia, etc.
Also Read :- Procedure To Start Export Business in India
Here are 10 Profitable Products to Import from India to other Countries:
1. Regional Handicrafts
Regional handicrafts are designed and made by local experts at very cheap rate. In Indian rupees it costs only few hundred to thousand rupees. Exporting such items have huge margin of profit as they are in huge demand in foreign countries. There’s a huge demand of native art handicrafts in Europe where these products are sold both in fare as well as on online portals. The advantage of exporting such product is that it doesn’t requires huge investment but only a very small investment and some good networks with local artisans. There is a huge margin of profit as these crafts are sold at great rates in those countries.
2. Organic Supplements and Medicines
There’s a huge market that is involved in exporting organic supplements and medicines inIndia. Organic products include original harvested honey, juice of fruits and vegetables, herbs, Ayurveda products, etc. These products that are herbal and organic are in huge demand throughout the world and especially in the western countries who have got hugely attracted by these supplements since the rise of yoga and Ayurveda in these countries. Being in healthy demand these products are sold at great prices abroad therefore one can have huge profit from exporting these products. Just identify what types of products are sold the most and which of them have huge potential to sell out.
3. Meat Exportation
There’s huge demand of meat products in many countries. You can identify which meat is being exported the most and which meat has huge demands. Buffalo meat has been in huge demand and India has remained a huge exporter of buffalo meat in the world. Apart from this, pork is also exported from India in huge amount as the consumption in India is very limited. Countries that are not exposed to sea also lack sea foods therefore exporting sea foods to these countries also have huge returns. The point here is that all such products mentioned do not require huge investment and can give huge returns when sold.
4. Dairy Products
India is lucky to have bos indicus cow breed whose milk is considered to be the best among cows. Bos Indicus milk is in huge demand in the United States and similarly in many other countries. You can try your luck in dairy sector by exporting packaged milk to these countries. One can add other dairy items like cheese, curd and ghee in your list of dairy items. These dairy products of bos indicus breed cow is sold at four times the rate of products from local cows found in those countries. This can be sector where you can get huge returns.
5. Homeopathy Medicines
Homeopathy and homeopathic medicines have seen huge growth since the disadvantage and side effects of allopathic medicines have been found. There are many countries that are exploring homeopathy and are hugely consuming homeopathic medicines. Homeopathic medicines do not only have almost no side effects but they are also quite cheap in comparison to allopathic medicines. In 2014, it was reported that export of homeopathic medicines has risen in India and is continuing to grow. One can explore this field and also setup its own export business by exporting homeopathy medicines earning great returns.
6. Jewelry and Precious Stones
Indian traditional culture has long been the torch bearer of jewelry and precious stones. There has been a huge market and India is certainly the number one consumer of jewel products, precious metals like gold and precious stones. The world too has followed the same trend and many countries have shown interest in Indian jewelry art and precious stones market. One can setup his business of exporting these jewelries and precious stones. There is also a good demand of local handmade jewelry that may be not much costly but is hugely attractive. These kinds of jewelries have huge return margins.
7. Leather and Leather Products
Leather as usual has always remained in huge demand around the world. Leather purse, leather shoes, leather coat will never go out of fashion. India too produces huge leather which is often exported at great price. You can also try your hand into leather exporting business. To excel the profit one can sell leather products or semi treated leather that is used directly to make products. Leather products have been exported to all over the world from India in huge numbers. India’s exporting markets are mainly US, UK and Germany where India has exported around 36% of its total export to the world.
Ceramics are non-metallic and inorganic materials mostly made from carbon or silicon is used to make pottery, cutlery, bone China, plates, glass, tiles, bricks, sanitary wares, etc. Ceramics have long been exported from India. There’s a huge industry involved in manufacturing ceramic products in India. India’s ceramic industry amounts to Rs 27000 crores while the export in 2016 was measured to be 2000 crores. There’s 30% rise in exports in the last few years and is expected to grow further. One can easily export these items by registering to the council of ceramics in India and by obtaining the required export documents.
9. Petroleum Products:
Petroleum products are the number one on the list of top exports from India. Though it is not easy to export petroleum products from India as it requires very huge investment and lots of hard work. What one can export is semi products of petroleum like pet coke, wax, charcoal, coal, and many such semi products. You can take the required permission to import such products. Such products have huge requirements in small developing nations like that of Bhutan, Bangladesh, Nepal, Myanmar, etc. You can get good returns as the demand is also huge and you can sell them at good margin.
Textile export from India accounts for 15% of the total export. There’s a huge market involved in it. The market of textile in India amounts to $120 billion at present and is expected to grow to $230 billion by 2020. There’s also a huge rise in export and is continuing to grow. One can also export textile products or raw textile to the demanded market. There’s also very huge margin of return as the local production is quite cheap in comparison to the export. There’s also a good demand in Khadi textile which you can export. Silk is also one of the most exported textile which amounts to $312 million.
The above mentioned export products may not be the top exporting goods but they offer great return margins. The export profit margin rises as the product is manufactured or produced at local level. So export those goods that have not only healthy demands but also good retuns.