While the whole world was at a pause, the Exim Industry was running and earning. As this stands true, the Indian Export Import Trade saw a humongous growth in 2021 too! 

During the lockdown last year, all small and big businesses were forced to Work from home or shut down. Small businesses took most of the burnt of the lockdown. The local traders had nowhere to trade and no one to sell their products to. 

The local markets were shut down and only essential services were allowed to work. Even at such trying times, export import trade was running smoothly.

India saw huge growth in March 2021 backed up by an increasing number in April, in Export Import Trade in India.

It was estimated that India’s Exports will increase 197 per cent in April 2021 compared to April last year’s exports. 

Here are some goods that saw a maximum export in 2021:

• Petroleum Products
• Pharmaceutical products
• Engineering goods
• Gems and Jewellery
• Cereals and Pulses
• Organic Chemicals

Many small and big businesses were grounded by the lockdown,  many dreams were shattered. But those that struggled and survived the lockdown are going strong now.

A lot of small businesses came into existence due to the world spread crisis. Many low-income households were either forced or inspired to start up a local trade. May that trade be making household masks or making homemade clean snacks for the local customers.

Local businesses strived and flourished. India saw a number of startups during the lockdown and witnessed many big players making bold moves.

In 2021 this upward trend of Export Trade continues. March saw a hike in international trade and this continued in April too.

Engineering goods export records 234.63% rise in April 2021. A sharp jump in shipment is because of the low-base effect and it has also been supported by robust demand.

In the last few months, this remarkable performance of the engineering goods sector n the last few months is reassuring for Indian exporters who took the fall because of the Covid Situation.

Healthy export growth in labour-intensive sectors such as jute carpet, handicrafts and leather indicate that demand is picking up in the western markets.

India’s exports in April jumped nearly three-fold to USD 30.21 billion on account of healthy growth in key sectors including engineering, gems and jewellery and petroleum products

Not just agriculture goods and pharma but all other sectors have bounced back indicating a big confidence booster and the emergence of a stable market order. The US and China accounted for a majority of the exports from India.

Talking about the growth in the MSME sector, the Micro, Small and Medium sectors all saw a huge growth in international markets.

The Micro sector’s manufacturing department recorded 5 Cr Inr of turnover with the service department also making the same progress.

In the Small sector, both manufacture and service departments saw 50 Cr Inr of turnover with Medium sector showing 250 Cr Inr of growth.

These numbers are the witness of India’s growth in export trade. MSME sector is the proof that no matter what India and Indian spirit for business is unextinguishable.

During the lockdown period, many small and medium businessmen stepped forward and saw the golden Opportunity that Export Trade provided.

It is important to understand the need of the situation and act accordingly. Many people grabbed the chance to make masks at home and started a homemade masks business.

A lot of local vegetable vendors saw a bright future as exporters and joined hands with the Exim Industry.

Exim industry has a lot to offer, only one must be willing enough to see the slightest chances of success.

2021 had been a year of comebacks. People of India had lost much during the last lockdown and the troubles don’t seem to seize now.

Like many successful businessmen, it becomes important that selling your goods only keeping the local markets in consideration might prove to be dangerous.

Business expansion is one good option especially when the local markets are full of local stocks.  

Have you thought of starting up a business? Have you thought of expanding your business?

You have many options to choose a guide but just like selecting a good product for exporting, it is of utmost importance that you select a guide with experience of many years in the Exim Industry.

There are many Export Import Consultancies out there but are they what you are looking for? Do they have what it takes to be your Guide?

Do you see yourself as an Exporter and making decisions that make a difference? Well, then you must also how to tell if a consultancy is genuine or otherwise.

Feeling inspired to read further about Exim blogs? Here a link to our Blogs:

https://digitalexim.com/blog/

Do visit us and tell us how you feel about Export Import Trade: