Opening an import/export business will increase your global customer base and revenue. This blog discusses top import/export company ideas, goods, and processes.
More people travel the world every day, giving exporters and consumers more possibilities. We no longer buy local things. Online retailers in Chicago, Illinois, sell Indian home decor.
Thus, an import export business corporation can increase its consumer base and revenue. Before exporting from India, evaluate market circumstances, regulatory constraints, shipping choices, and logistics. What product should be exported, how much investment is needed, what kind of staff, documents, licences, partnerships, etc.?
In 2022, why begin an export business?
India exported $417.8 billion in 2021-22. Online and paperless transactions in India have increased with exports. Indian exporters are also selling spices, Ayurveda, natural beauty products, textiles, and more.
Amazon Global Selling makes it easy to start an online store, list your products, and sell them
worldwide.
Ideas for successful export companies
You can choose an export business idea based on your interests, resources, and desired market. Some of India’s most promising opportunities in the international trade sector include:
- Textile
India dominates textile and garment exports. Last July, India exported 50.86% more cotton yarn, textiles, and handloom products. India exports formal, casual, sports, and ethnic goods with attractive designs and high-quality materials. India imports textiles from Europe, the US, Japan, Canada, the UAE, and Singapore. WWEPC, AEPC, and TEXPROCIL are Indian government bodies and initiatives that promote the textile sector abroad.
- Footwear
Indian footwear industry was worth $9.70 billion in 2019. Like apparel, footwear has subtypes like formal shoes, casual shoes, athletic shoes, etc. Instead of manufacturing and opening a store, leverage the country’s value chain to buy cheap goods and sell them abroad.
- Spices
India exports and produces the most spices. 75 of the 109 ISO-recognized types are made domestically (ISO). India exports spices to the US, Canada, Australia, and the Middle East. Your business’s product-market match depends on spice demand in high-traffic markets. You can then start a thriving Indian spice export business.
- Tea
India is the second-largest tea producer and exporter. GI-labelled Indian teas include Darjeeling, Kangra, Assam, and others. India exports over 10% of the world’s tea, including several of the best. Many new firms, existing brands, and individual sellers around the world have started and are successfully exporting tea. Bala Sarda started Vahdam Teas to promote Indian chai abroad.
- Gems and Jewellery
Exports of gems and jewellery from India are substantial. The gems and jewellery industry, which accounts for 12% of India’s exports, presents promising prospects for expansion. The jewellery industry in India exports its wares all over the world. Many different kinds of jewellery, including Kundan, copper, silver, gold, and ivory, are exported from the country due to its cultural diversity. India is the world leader in the export of cut and polished diamonds and silver jewellery. Gems and jewellery made in India are shipped all over the world, including to the United States, the United Arab Emirates, Belgium, Hong Kong, and Singapore. You can start an export business in gems and jewellery from India, focusing on whichever market area you feel most comfortable entering.
- Leather
One of India’s fastest-growing export sectors is leather, and hundreds of Indian vendors now ship leather goods all over the globe. Large quantities of leather goods are produced and shipped out of every region of India, from Tamil Nadu and Telangana to West Bengal and Jammu & Kashmir. Among the most popular types of finished leather products are those used in the footwear, clothing, furniture, and accessory industries.
- Sports Equipment
India has become a major player in the international sports equipment market. Products in the categories of fitness gear, inflatable balls, and sports gear (for games like boxing, cricket, and tennis) are among the most popular. Products including board games, instructional toys, and plush toys are popular in overseas markets. Did you know that India accounts for between 5 and 6 percent of the world’s total toy exports?
- Crafts and ornamental furnishings
Handmade and handcrafted items from India are popular all around the world. India is a major exporter of a wide range of handicrafts, including those made of wood, metal, pottery, glass, and textiles. Indian exporters can take advantage of growing demand by establishing a foothold in established markets like the United States, the United Kingdom, Canada, France, Italy, Germany, and the United Arab Emirates.
How can you get your export business off the ground with the support of Amazon Global Selling?
Amazon Global Selling is an e-commerce export programme that makes it simple and straightforward for Indian merchants and micro, small, and medium-sized enterprises (MSMEs) to export their goods to marketplaces in more than 200 countries and territories. Amazon’s straightforward registration process and stress-free logistical support allow you to reach clients all over the world without having to set up a shop in a foreign country. Follow these steps to export your goods using an online store:
- Register your goods.
- Create a catalogue for your brands.
- Transport and generate revenue.
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