Opportunities for exporters are growing, as are the options available to customers and importers to buy exported goods, as the world gets more linked every day. You are no longer restricted to purchasing goods from within your region. Today, a consumer in Chicago, Illinois, can use online purchasing platforms to order a Made in India home décor item. Starting an import-export firm will, therefore, surely increase both your market and your earnings. However, prior to selecting the appropriate product to export to the USA from India, it is crucial to consider market conditions, compliance, and logistics. It is crucial to comprehend the kind of products that are in demand as well as the required investment.
Why export to the US in 2023?
India’s merchandise exports reached a record high of $447.46 billion in FY 2022-23, an increase of 6.03%. The ease of conducting exports to the USA, including paperless transactions and online papers, has significantly increased as a result of the increasing exports. Indian exporters are increasingly selling textiles, spices, Ayurveda, and herbal beauty products in addition to the usual export goods. E-commerce exporting programs like Amazon Global Selling have made it quick and fast to build up an online store, list products, sell them to millions of people, and successfully export to the USA.
Top export ventures from India to the USA
India is one of the top exporters of textile and apparel goods in the world. It is renowned for its beautiful prints, premium textiles, and a vast variety of formal, casual, sporty, and ethnic clothing. The UK, the USA, Japan, Canada, the UAE, and Singapore are a few of the most popular markets for Indian textiles. To assist textile exporters, the Indian government has also introduced a number of programs and Export Promotion Councils, such as WWEPC, AEPC, and TEXPROCIL, which facilitate the process to export to the USA.
Similar to clothing, footwear is divided into many categories, such as formal, casual, sports, etc. Without spending a substantial quantity on production and business setup, you can find products at competitive costs through the established value chain in the nation and sell them outside.
India is one of the major producers and exporters of spices worldwide. Indian exporters are rapidly selling spices in foreign markets like the USA, Canada, Australia, and the Middle East, from turmeric sales to cumin and cardamom exports. The demand for various spices in well-known markets needs to be examined, and you need to identify a product-market match that can benefit your business when you are thinking to export to the USA.
India is the world’s second-largest producer of tea and one of its top exporters. Various geographical indications (GI tags), including those for Darjeeling, Kangra, and Assam teas, are given to Indian teas. Nearly 10% of the world’s tea exports come from India, and Assam, Darjeeling, and Nilgiri teas are regarded as some of the best in the world. Numerous businesses, brands, and entrepreneurs around the world have seen the appeal and need for tea and have been successfully operating a business of tea export to the USA.
5. Jewellery and gems
Gems and jewellery make up a significant portion of India’s total exports. The gems and jewellery industry, which accounts for 12% of Indian exports, presents appealing growth prospects for Indian exporters. India is renowned around the world for its artistic brilliance in jewellery designs and cutting. The nation boasts a wide variety of jewellery kinds that are well-known in the international markets, including kundan, copper, silver, gold, and ivory, among others, as a result of its rich cultural past. India exports gems and jewellery to a number of well-known countries and markets, including the US, the UAE, and Singapore. Based on the resources available, you can decide which market to target when starting an Indian export operation for gems and jewellery.
Numerous Indian vendors ship leather goods around the world because it is one of the export sectors in India with the fastest growth. Leather goods are produced and exported in vast quantities from all over the nation, from Tamil Nadu and Telangana to West Bengal and Jammu and Kashmir. Some of the main product categories exported to the USA are finished leather goods, including shoes, clothing, furniture, and accessories.
How do you start an export business in India?
In India, starting an export business is quite easy. The following steps can be taken to establish an export business in India:
- Register your company.
- Obtain a Permanent Account Number (PAN)
- Open a current bank account
- Obtain the DGFT’s Importer Exporter Code (IEC) number.
- Acquire a Registration Cum Membership Certificate (RCMC) from the relevant export promotion council.
- Choose the appropriate items and the market to target
- Find consumers or importers
- Decide on the price and then acquire all required paperwork
- Deliver the items and collect the money
Documents required to export to the USA
The paperwork needed to start an export business from India to the USA is as follows:
- Terminal handling receipt
- Bill of lading/Airway bill
- Commercial invoice/Packing list
- Shipping bill
- Importer of Record (IoR)
- Certificate of Inspection (if necessary)
Amazon Global Selling – Your ticket to simple e-commerce exports
Amazon Global Selling, an e-commerce exports program, makes it simple and frictionless for Indian merchants and MSMEs to export their goods from India to marketplaces in more than 200 nations and territories. You may reach international clients using Amazon’s straightforward registration process and hassle-free logistical support without needing to establish a physical store or warehouse abroad. In India, starting an export business is profitable. Through Amazon Global Selling, you can select an import-export business concept and grow your company globally when you want to export to the USA.
Vivek is a published author of Meidilight and a cofounder of Zestful Outreach Agency. He is passionate about helping webmaster to rank their keywords through good-quality website backlinks. In his spare time, he loves to swim and cycle. You can find him on Twitter and Linkedin.