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Export is significant in a country’s economic growth. It means that a particular country exports raw materials or goods produced in the country to other countries in order to gain more profit and a higher value for its products. India has been exporting both raw materials and finished products to many countries including the United States of America. The commercialization of exports has aided India’s economic development and growth. India exports a variety of products and raw materials to the USA including textiles, rice, spices, and leather goods. In this blog post, we’ll be discussing the most exported products from India to the USA.
India’s leather industry is responsible for approximately 12.9 percent of the world’s leather production of hides/skins and manages a substantial annual production of approximately 3 billion square feet of leather. India accounts for 9% of global footwear output. The industry is well-known for its consistently strong total exports. With access to 20% of the world’s cattle and buffalo, as well as 11% of the world’s goat and sheep population, India has an excess of raw materials. With a 17.22 percent market share, the United States is the largest market for Indian Leather & Leather Products. Leather is one of the most exported products from India to the USA.
India is the world’s leading rice exporter, exporting approximately 12.5 million metric tonnes of rice worth USD 7 billion per year. The country dominates the global rice trade because it is a strong and dependable source of it. Several business owners and companies depend on rice from India. All relevant rules and regulations, as specified by the FDA, USDA, and CBP, must be followed by the rice exporter. Rice is a major food export from India to the USA. Mainly two types of rice come under food export from India to the USA
India is the largest producer of spices in the world. Given their exceptional fragrance, texture, flavor, and medicinal properties, Indian spices are now the most desirable in the world. The domestic spice market in India is the largest. India is also the world’s largest, consumer, and exporter of spices, producing approximately 75 of the 109 varieties listed by the International Organization for Standardization (ISO) and accounting for half of the global spice trade. Spices worth $3.65 billion were exported in the Financial year 2019-2020. The United States is one of the top ten importers of Indian spices. The top spice products exported from India to the USA include coriander seeds, pepper, mustard seeds, assorted spices, fennel seeds, and more.
The USA is a top importer of pieces of jewellery from India. India exports a wide range of jewellery to the USA including artificial and imitation jewellery. According to GJEPC, India exported $10.48 billion in gem and jewellery to the United States in 2018-19 and $9.17 billion in 2019-20, accounting for 26% of total shipments. The spread of COVID-19 has adversely affected India’s jewellery exports
In 2018, total Indian textile and clothing exports to the United States reached $8,220.74 million, with apparel and home textiles accounting for a major share. Clothing and home textiles contributed for more than 90% of overall garment and clothing exports, with 52.7 and 40.8 percent shares, respectively. Broadly speaking, Indian textile and clothing exports to the United States increased at a CAGR of 4.3 percent between 2014 and 2018 and expected to hit US$ 9330.48 million by 2021. Clothes are one of the most exported products from India to the USA.
Textile, jewelry, spices, cereals are the most exported products from India to the USA but there are many other products exported from India to the USA like gems, precious metals, medical appliances, cereals, castor oil, organic oil, coconut oil, machinery, and more.
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