The evolution of the manufacturing sector and the proper pricing strategies offered to foreign trade destinations are recording a pivotal growth of the overall GDP value. The country responsible for producing a wide variety of agricultural and industrial necessities is gradually increasing as a globally leading trade destination because of the impressive trade agreements signed with the government firms that focus on improving the trade rate and reducing taxes over global valuations of exported goods.

Due to the growing global acquisitions from the trade management authorities of India because of the better production capability, the nation's export valuation stood up at a staggering rate of 500 billion US dollars in 2023. The average annual rate of 9.4% year by year by 2023 from 2019 is expected to continue in the upcoming times because of the significant changes trade firms have undergone.

Top 10 Leading Global Exports of India in 2023

The diversification in the global export market, mostly driven by the characteristic feature of the trade agreements serves a major share of the annual revenue generation of India. According to the India Export Data, the top 10 global insights of the leading exported products of the nation in 2023 are,

• Pharmaceuticals – Export trade value of Pharmaceuticals from India in 2023 – 93 billion US dollars.

• Gems and Jewelry – Export trade value of Gems and Jewelry from India in 2023 – 57 billion US dollars.

• Engineering Goods – Export trade value of Engineering Goods from India in 2023 – 49 billion US dollars.

• Petroleum Products – Export trade value of Petroleum Products from India in 2023 – 38 billion US dollars.

• Agriculture Produce – Export trade value of Agriculture Produce from India in 2023 – 32 billion US dollars.

• Diamonds – Export trade value of Diamonds from India in 2023 – 28 billion US dollars.

• Chemicals – Export trade value of Chemicals from India in 2023 – 23 billion US dollars.

• Textiles – Export trade value of Textiles from India in 2023 – 22 billion US dollars.

• Iron & Steel – Export trade value of Iron & Steel from India in 2023 – 18 billion US dollars.

• Cereals – Export trade value of Cereals from India in 2023 – 12 billion US dollars.

The Leading Export Trade Partners of India in 2023

The adoption of stable political trade agreements and the distribution of regional trades have solidified the country’s position as a leading export trade destination. According to the India Trade Data, the top 10 export trade partners of the nation in 2023 are,

1. United States – According to the USA Import Data, valuation of the goods exported from India in 2023 – 110 billion US dollars.

LEADING EXPORTED GOODS FROM INDIA

• Petroleum products
• Diamonds
• Jewelry
• Electrical machinery and equipment
• Machinery including computers

2. China – According to the China Import Data, valuation of the goods exported from India in 2023 – 49 billion US dollars.

LEADING EXPORTED GOODS FROM INDIA

• Pharmaceuticals
• Automobiles
• Organic chemicals
• Iron and steel
• Cereals

3. United Arab Emirates – According to the United Arab Emirates Import Data, valuation of the goods exported from India in 2023 – 39 billion US dollars.

LEADING EXPORTED GOODS FROM INDIA

• Articles of iron or steel
• Textiles
• Bio-chemicals
• Rice
• Marine products

4. Hong Kong – According to the Hong Kong Import Data, the valuation of the goods exported from India in 2023 – 28 billion US dollars.

LEADING EXPORTED GOODS FROM INDIA

• Spices
• Buffalo meat
• Sugar
• Oil meals
• Coffee

5. Singapore – According to the Singapore Import Data, valuation of the goods exported from India in 2023 – 24 billion US dollars.

LEADING EXPORTED GOODS FROM INDIA

• Fresh fruits
• Cotton
• Castor oil
• Unmanufactured tobacco
• Processed fruits and juices

6. Germany – According to the Germany Import Data, the valuation of the goods exported from India in 2023 – 22 billion US dollars.

LEADING EXPORTED GOODS FROM INDIA

• Groundnuts
• Fresh vegetables
• Cereal preparations
• Tea
• Dairy products

7. United Kingdom – According to the United Kingdom Import Data, valuation of the goods exported from India in 2023 – 18 billion US dollars.

LEADING EXPORTED GOODS FROM INDIA

• Vegetable oils
• Manufactured tobacco
• Alcoholic beverages
• Cashew nuts
• Poultry products

8. Bangladesh – According to the Bangladesh Import Data, valuation of the goods exported from India in 2023 – 15 billion US dollars.

LEADING EXPORTED GOODS FROM INDIA

• Cocoa products
• Milled products
• Molasses
• Fruit and vegetable seeds
• Floriculture products

9. Nepal – According to the Nepal Import Data, valuation of the goods exported from India in 2023 – 14 billion US dollars.

LEADING EXPORTED GOODS FROM INDIA

• Sheep and goat meat
• Shellac
• Wheat
• Animal casings
• Other oil seeds

10. Netherlands – According to the Netherlands Import Data, valuation of the goods exported from India in 2023 – 10 billion US dollars.

LEADING EXPORTED GOODS FROM INDIA

• Cashew nutshell liquid
• Processed meat
• Leather products
• Footwear
• Handicrafts

FAQ’S

Que. What is the top export of India in 2023?
Ans. Pharmaceuticals dominate the top exports of India in 2023.

Que. What is the export trade value of India in 2023?
Ans. The export trade value of India in 2023 is 500 billion US dollars.

Que. Name the top export trade partners of India in 2023.
Ans. The United States leads the top export trade partners of India in 2023.

Que. Where can you get a detailed trade analysis of India’s global export market in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the country’s global trade in 2023.

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