The export market of the Southeast Asian nation; India has come across several new evolutionary movements in the present times, with the government initiatives and schemes supporting the manufacturing sectors to produce the specific amount of globally demanded acquisitions in its industrial sectors, countering the annual valuations. The diversification of demands in high-value sectors mostly the technology-driven sectors and the engineering goods accompanied by pharmaceuticals and electronics, are the attributing factors behind the strategic growth of export trade in the international market. The trade agreements and the expansion of the Indian trade firm's services into new markets are the other ones contributing to the significant share of export revenue.

Due to the strategic technological evolutions in the manufacturing units and the modernization of the transportation infrastructures, the export market of India has solidified its position as the 17th largest exporting destination worldwide by a valuation of 331 billion US dollars in 2020, which has come up to a valuation of 545 billion US dollars in 2024. The regulatory practices of the government firms towards modernization and evolution of the industrial sectors are continuously working for expansion of the trade services in different central areas across the globe, countering the annual valuations and gross domestic product.

The Leading Variants of Goods Exported From India in 2024

India with its diversifying trade rates and affordable pricing strategies has solidified its position in the global trade market with the utmost production capability of the Industrial sectors. According to the India Export Data, the top 10 leading variants of goods exported from the nation in 2024 are,

1. Pharmaceuticals – The total value of Pharmaceuticals exported from India in 2024 – 98 billion US dollars.

2. Textiles and Garments – The total value of Textiles and Garments exported from India in 2024 – 76 billion US dollars.

3. Agriculture Products – The total value of Agriculture Products exported from India in 2024 – 54 billion US dollars.

4. Gems and Jewelry – The total value of Gems and Jewelry exported from India in 2024 – 48 billion US dollars.

5. Automobiles and Auto Components – The total value of Automobiles and Auto Components exported from India in 2024 – 37 billion US dollars.

6. Electronic Goods – The total value of Electronic Goods exported from India in 2024 – 28 billion US dollars.

7. Leather Products – The total value of Leather Products exported from India in 2024 – 18 billion US dollars.

8. Chemical Fertilizers – The total value of Chemical Fertilizers exported from India in 2024 – 12 billion US dollars.

9. Machinery and Mechanical Appliances – The total value of Machinery and Mechanical Appliances exported from India in 2024 – 10 billion US dollars.

10. Organic & Inorganic Chemicals – The total value of Organic & Inorganic Chemicals exported from India in 2024 – 9 billion US dollars.

The Top Export Trade Partners of India in 2024

The strategic geographical location of India has indulged the country’s trade rate by providing a feasible exchange of goods as per the acquisitions. As per the India Trade Data, the top 10 export trade partners of the nation with which it trades most of its domestically produced goods in 2024 are,

1. United States – According to the USA Import Data, the valuation of the goods exported from India in 2024 – 110 billion US dollars.

TOP 5 EXPORTED VARIANTS OF GOODS

1. Textiles
2. Chemicals
3. Organic foods
4. Beverages
5. Spirits

2. China – According to the China Import Data, the valuation of the goods exported from India in 2024 – 87 billion US dollars.

TOP 5 EXPORTED VARIANTS OF GOODS

1. Agricultural products
2. Machinery
3. Medicines
4. Electronic devices
5. Woolen fabrics

3. United Arab Emirates – According to the United Arab Emirates Import Data, the valuation of the goods exported from India in 2024 – 76 billion US dollars.

TOP 5 EXPORTED VARIANTS OF GOODS

1. Spices
2. Cereals
3. Fruits
4. Vegetables
5. Seafood

4. Hong Kong – According to the Hong Kong Import Data, the valuation of the goods exported from India in 2024 – 65 billion US dollars.

TOP 5 EXPORTED VARIANTS OF GOODS

1. Textile equipment
2. Chemical essentials
3. Machinery
4. Medicaments
5. Industrial equipments

5. Singapore – According to the Singapore Import Data, the valuation of the goods exported from India in 2024 – 49 billion US dollars.

TOP 5 EXPORTED VARIANTS OF GOODS

1. Woolen fabric
2. Household appliances
3. Textiles
4. Machinery
5. Plastic articles

6. Germany – According to the Germany Import Data, the valuation of the goods exported from India in 2024 – 38 billion US dollars.

TOP 5 EXPORTED VARIANTS OF GOODS

1. Iron and steel products
2. Iron articles
3. Plastic equipment
4. Fruits
5. Cereals

7. Netherlands – According to the Netherlands Import Data, the valuation of the goods exported from India in 2024 – 27 billion US dollars.

TOP 5 EXPORTED VARIANTS OF GOODS

1. Mechanical equipments
2. Automotive goods
3. Mineral oils
4. Textiles
5. Iron and steel

8. United Kingdom – According to the United Kingdom Import Data, the valuation of the goods exported from India in 2024 – 19 billion US dollars.

TOP 5 EXPORTED VARIANTS OF GOODS

1. Agro goods
2. Mechanical essentials
3. Crocheted fabrics
4. Staple food products
5. Fibers

9. Bangladesh – According to the Bangladesh Import Data, the valuation of the goods exported from India in 2024 – 15 billion US dollars.

TOP 5 EXPORTED VARIANTS OF GOODS

1. Fertilizers
2. Mineral fuels
3. Agricultural goods
4. Essential oils
5. Textiles

10. Vietnam – According to the Vietnam Import Data, the valuation of the goods exported from India in 2024 – 9 billion US dollars.

TOP 5 EXPORTED VARIANTS OF GOODS

1. Iron and steel
2. Food products
3. Machinery
4. Steel articles
5. Plastic equipment

FAQ’S

Que. What is the top export of India in 2024?
Ans. Pharmaceuticals are the top export of India in 2024.

Que. Who is the top export trade partner of India in 2024?
Ans. The United States is the top export trade partner of India in 2024.

Que. What is the annual valuation of India’s exports in 2024?
Ans. The annual valuation of India’s exports in 2024 is 545 billion US dollars.

Que. Where can you get a detailed trade analysis of India’s growing exports in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of India’s growing exports in 2024.

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