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Export Ideas for 2024

Some Best Export Import Ideas to Start in This New Year 2024 

There are new opportunities around every corner, all you have to do is grab them. Start this year with full power and energy. For those of you who wish to start your own business this new year, we have given you some ideas about how to do so. Export import business training will help you in starting your business. The export-import course will also guide you in product selection.   There are many products (which will cost low) with which you can start your business and earn a good profit. Join an online import-export course and start your business.  

Here in this blog, we have shared some ideas for you to start an export business. 

1 Spices-

India is a spice hub and one of the leading countries to export spices. Indian spices are incredibly famous and are in demand globally because of their strong flavour and smell. The total spice export of India was 1.4 million metric tons and 3.1 billion U.S. dollars in value from April to August 2023.   Top Importers of Indian Spices are- China, the US, Bangladesh, UAE, the UK, Hong Kong, Australia, Canada, Malaysia, Sri Lanka, Thailand, and Vietnam.  Main Spices Export from India are- Pepper, Cardamom, Chilli, Cloves, Ginger, Turmeric, Coriander, Fennel, Cumin, Tamarind, Fenugreek, Cinamon, Star anise, and Bay Leafe.  

2 Vegetables & Fruits-

The fruits and vegetables exported by India are of the highest quality with the best quality. Having fruit and vegetables on hand is one of the most important export products for India. There are many potential opportunities and demands for fruits and vegetables.  The top importers of fruits and vegetables in India are- UAE, Nepal, Bangladesh, Malaysia, Sri Lanka, Canada, Germany, Thailand, Brazil, and the UK. 

3 Readymade Clothes-

The clothing industry is growing and will never decline. Clothes are one of the best ideas to start small export business. Exports of readymade cloth from India are the sixth largest in the world.  In the six months from April 2023 to August 2023, readymade garments exports from India amounted to 6.03 billion U.S. dollars, and for August 2021, the figure was 14.15 million U.S. dollars. 

4 Handicrafts-

In India, the handicraft sector is an important part of the economy. Due to their uniqueness and great beauty, Indian handicraft items are highly sought after around the world. India exported handicraft items stood at $3.5 billion in FY 2019–2020. More than 50% of the total handicraft exports go to the United States and Europe from India.  Top Markets for Indian Handicrafts products- Europe, Africa, USA, South Africa, China, UK, UAE, and Canada.  

Main Handicrafts exported from India- metal ware, woodware, carpets, hand-printed textiles, imitation jewellery, stone crafts, scarves & shawls. 

5 Fish & other seafood-

The Indian seafood industry exported 5.96 billion in the FY 2020-21 and 12,89,651 MT of seafood worth USD 6.68 billion (Rs 46,662.85 crore) during 2019-20.  Top Seafood exported from India- Fish, Shrimp, Black tiger shrimp, Frozen fish & shrimp, crustaceans, and other marine fish. 

6 Textile-

All textile exports from India in the period April to October 2021 stood at US $233.54 billion. The industry is extremely diverse, and at one end of the spectrum are hand-spun and hand-woven textiles. India’s textile industry is capable of producing a variety of goods suitable for different market segments both within the country and internationally.   These exports include cotton, wool, woven fabric, man-made yarn, different fabrics, and handloom products.   India exports textiles to the US, UAE, UK, Bangladesh, Germany, Spain, France, Saudi Arabia, and Sri Lanka.  

7 Artificial/ Imitation Jewellery-

Every woman loves jewellery and they are in high demand across the globe. India’s imitation jewellery is growing fast. Imitation jewellery exported from India stood at US $140 million in the year 2020.   The top countries where India exports Imitation jewellery- are the USA, the UK, Nigeria, Iran, Spain, Saudi Arabia, Germany, and UAE. 

Conclusion-  

If you also see potential in these businesses with good returns with low investment, start your business. Hope you get some ideas to start your export-import business without investing much. These are some most demanded products worldwide and you can start your export business from India.   Join our free live webinar and start your import-export business with us.  https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8    Do give us a Visit!   

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