#ImportExportBusiness

[eximityin]

Cochin Port Kerala: Gateway to India’s Global Trade Connections

The Cochin port Kerala is perhaps the most important seaport in India located at the south western coast. It serves as an indispensable node in the country’s import export map as it facilitates market access to the Middle east, Europe and other global nations. Cochin Port serves as a significant trade channel adding to the economic growth of Kerala state creating job opportunities and fostering the development of a wide range of industries associated with import and export. This facility also ranks among the largest ports in India and has the resources to compete favorably in the international arena of the import export business.

[impexperts-world]

Thinking about making your first export sale or entering new markets? Start with a solid export plan! This blog breaks down the essential steps for export readiness and strategic planning, helping U.K. businesses boost their competitiveness and meet global demand. Discover how to set up for success in the world of exports!

[exim-pedia]

Edible Oil Exports from India: A Comprehensive Overview of the Growing Industry

India's edible oil market is robust, playing a crucial role in the global edible oil industry. With an expanding export landscape, India has made significant strides, positioning itself as one of the prominent players in the edible oil sector. This article delves into the statistics, top exporters, importing countries, and the overall impact of Edible Oil Exports from India on the global market.

The Importance of Edible Oil in India

Edible oil is a staple in Indian households and culinary traditions, with regional preferences dictating the type of oil used. Northern India favors mustard oil, while coconut oil is commonly used in the south. India stands as the second-largest consumer of edible oil worldwide and is also one of the leading producers. As Indian edible oils gain popularity globally, India has risen as a key exporter of edible oils.

Edible Oil Production in India: An Overview

India's agricultural economy benefits significantly from oilseed production. For the fiscal year 2023-2024, India produced an estimated 39.59 million tons of oilseeds, contributing between 5-6% of the world’s oilseed production. Key oilseed-producing states in India include:

Andhra Pradesh, Gujarat, Karnataka, Tamil Nadu: Groundnut production

Madhya Pradesh, Maharashtra, Rajasthan: Soybean production

Haryana, Rajasthan, Uttar Pradesh, West Bengal: Mustard production

These regions collectively contribute over 95% of the country’s edible oil production.

Growth Projections for India’s Edible Oil Market

The edible oil market in India is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2027, reaching USD 268.9 million. With increasing urbanization, changing food habits, and rising disposable income, demand for high-quality edible oils is set to grow. The Indian edible oil market is expected to expand from 24.7 million metric tons in 2023 to 27.9 million metric tons by 2032.

Key drivers include:

Urbanization: Changing eating habits and food choices

Increased disposable income: Rising preference for premium oils

Processed food demand: Usage of edible oil as a preservative and flavor enhancer

Edible Oil Export Data: India (2023-24)

India exported 7,070 shipments of edible oil from March 2023 to February 2024, with 300 exporters supplying products to 1,798 buyers globally. This marked a 115% increase in shipments compared to the previous year. Notably, India’s exports of oil meals, oilseeds, and minor oils reached 3.46 million tons, valued at Rs 14,609 crores in the fiscal year 2022-2023.

Top export destinations for Indian edible oil include the United States, China, and the Netherlands. In February 2024 alone, India shipped 503 edible oil cargoes, representing a 14% decrease from January 2024 and a 5% drop from February 2023 on a year-over-year basis.

Leading Indian Edible Oil Exporters

India's top edible oil exporters include major companies contributing to the country’s substantial exports:

Adani Wilmar Limited

Agro Tech Foods Ltd. (ConAgra Brands Inc.)

BCL Industries Ltd.

Bunge India Private Limited

Cargill India Private Limited

Emami Agrotech Limited

Gulab Oil And Foods Pvt. Ltd.

Sri Basant Oils Ltd.

AJ-overseas Trade

Shiv Nandi Oil

These companies play a vital role in meeting global edible oil demands, consistently delivering high-quality products.

Top Global Exporters and Importers of Edible Oil

Global demand for edible oil is substantial, with Malaysia leading the way as the largest exporter, followed by Indonesia and the Netherlands.

Top Exporting Countries

Malaysia - USD 1.66 billion

Indonesia - USD 1.52 billion

Netherlands - USD 424 million

Germany - USD 354 million

China - USD 342 million

Top Importing Countries

China - USD 786 million

Netherlands - USD 515 million

United States - USD 325 million

Malaysia - USD 271 million

Germany - USD 225 million

China, the Netherlands, and the United States represent significant markets for Indian edible oil exports, providing Indian exporters with opportunities for trade growth.

How Exportimportdata.in Supports Edible Oil Exporters

For those interested in entering the edible oil export market, platforms like Exportimportdata.in offer comprehensive, real-time data on edible oil exports and imports by country, connecting exporters with genuine buyers worldwide. The platform’s insights allow businesses to optimize trade strategies and make informed decisions.

Final Thoughts

India’s edible oil export market is growing, with significant global opportunities for Indian exporters. By adhering to international standards, maintaining quality, and implementing effective marketing strategies, Indian exporters can capitalize on this expanding sector. Exportimportdata.in offers the resources needed to support this journey, ensuring access to reliable and actionable data.

FAQ

Who are the top edible oil exporters from India?

Key exporters include Adani Wilmar, Agro Tech Foods Ltd., BCL Industries, Bunge India, and Cargill India.

Which countries import the most edible oil?

China, the Netherlands, the U.S., Malaysia, and Germany are among the largest importers.

What is the market growth expectation for edible oils in India?

The market is expected to grow from 24.7 million metric tons in 2023 to 27.9 million metric tons by 2032.

How much edible oil did India export between March 2023 and February 2024?

India exported 7,070 shipments, with a 115% increase compared to the previous year.

For more details on India’s edible oil export statistics and to connect with potential buyers, visit Exportimportdata.in.

[exportimportdata13]

The Growing Trend of Fresh Fruit Imports in India: Key Insights for Importers

India has emerged as one of the largest importers of fresh fruit globally, owing to its increasing demand for tropical fruits, changes in consumption patterns, and the country's insufficient domestic production to meet the rising needs. The country's fresh fruit imports have grown significantly in recent years, with apples leading the way, accounting for over 60% of total fresh fruit imports. This trend is a result of India's growing economy, rising disposable incomes, and increased consumer awareness of the health benefits of fruits. In this article, we will explore the list of the most imported fruits in India, the top destinations for fruit imports, and the key importers driving this booming industry.

Why Are Fruit Imports in India Increasing?

India's fruit market is rapidly expanding, with projections showing it will grow at a compound annual growth rate (CAGR) of around 2024���2029, reaching a staggering US$78.31 billion by 2029. Despite this, India's fruit production remains insufficient to meet its domestic demand. In 2023-24, India's total fruit production was around 112.62 million metric tonnes, far below what is needed to satisfy the market's needs. The gap between production and demand is filled by imports.

The increasing demand for fruits in India can be attributed to several factors, including the rising disposable incomes of the population, urbanization, and changes in dietary habits. As more Indians can afford a diverse range of fruits, both fresh and processed products are becoming more popular. Consumers are also more aware of the health benefits of fruits, which are known to play a role in disease prevention and promoting overall well-being. As a result, India is importing a wider variety of fruits, from exotic varieties like pomegranates and kiwis to tropical fruits like bananas and mangoes.

India’s Fruit Import Data for 2023-24

In the fiscal year 2024, fresh fruit imports into India were valued at over 143 billion Indian rupees. The previous year saw the highest import value, at approximately 200 billion rupees. India is the world’s second-largest importer of fresh fruit, importing from major suppliers like Thailand, Vietnam, and Chile.

Apples make up more than 60% of all fresh fruit imports, making them the most imported fruit in India. In 2022-23, India imported 3.74 lakh metric tons of apples, primarily from countries like Turkey, Iran, Italy, Chile, and Poland. Although the apple import volume was slightly down from 4.59 lakh metric tons in 2021-22, it remains the dominant fruit import.

India’s demand for other fruits such as grapes, citrus, kiwis, pears, and dates is also growing. Grapes, for example, saw imports valued at $17.6 million in 2023, with key suppliers being China, Afghanistan, Chile, and Australia. Citrus imports, primarily from Egypt and South Africa, continue to rise as well.

Leading HS

 

Codes for Fruit Imports

When discussing fruit imports, it's important to understand the role of Harmonized System (HS) codes. These codes help classify products for customs purposes and determine import duties. Some of the key HS codes related to fruit imports in India are:

0810: Fresh other fruits.

08134090: Other edible fruits and nuts, and peel of citrus fruits or melons.

20060000: Fruits, vegetables, nuts, fruit peel, and other parts of plants preserved by sugar.

06022010: Edible trees for nuts or fruits, whether grafted or not.

These codes are essential for importers, as they streamline the process of fruit importation and compliance with customs regulations.

List of Fruits Imported in India

India imports a wide variety of fruits, both fresh and dried. Here are the most commonly imported fruits:

Apples: Leading the import list, India sources apples from countries like Turkey, Iran, Italy, Chile, and Poland.

Grapes: In 2023, India imported fresh grapes worth $17.6 million, primarily from China, Afghanistan, and Chile.

Citrus: India imports citrus fruits from Egypt, South Africa, and Australia, with Morocco also emerging as a key supplier.

Kiwis: Kiwi imports have grown steadily, with India importing over 43,270 metric tons in 2023-24, primarily from New Zealand.

Pears: Pears are also in demand, with 27.9 thousand metric tons imported from Turkey, Iran, and South Africa.

Dates: India is the world’s largest importer of date palms, with around 38% of the global market. In 2024, date imports are projected to be valued at USD 222.89 billion.

Top Destinations for Fruit Imports in India

India sources its fruit imports from a variety of countries across the globe. The top destinations include:

Iran: Accounting for 23% of all fruit imports, Iran is the largest supplier of fruits to India.

United Arab Emirates (UAE): The UAE supplies 12% of India's imported fruits.

Chile: Chile is another significant exporter, contributing a substantial share of India’s fruit imports.

Other notable countries from which India imports fruits include New Zealand, Peru, Afghanistan, the United States, and Turkey.

Key Global Fruit Importing Countries in 2023-24

India is not only a major importer of fruits but also competes with other nations. Here is a list of the top fruit-importing countries globally and their import values:

India: US$267.18 million.

Morocco: US$241.14 million.

France: US$108.45 million.

Turkey: US$87.89 million.

Netherlands: US$84.66 million.

USA: US$78.52 million.

India leads the global market, followed by countries like Morocco, France, and Turkey.

Key Fresh Fruit Importers in India

India’s fresh fruit imports are driven by key importers who ensure the steady supply of high-demand fruits. Some of the leading fresh fruit importers in India include:

IG International: The largest fruit importer in India.

Freshfruitalliances: Known for importing a variety of tropical fruits.

NGK Trading Company.

Suri Agro Fresh: A leading player in the fresh fruit industry.

These importers, among many others, play a crucial role in meeting the growing demand for fresh fruits in India.

How to Import Fresh Fruits in India

If you are considering importing fresh fruits into India, there are a few essential steps to follow:

Register with APEDA: You need an Importer Exporter Code (IEC) to be eligible for import incentives.

Obtain necessary licenses: These include a phytosanitary certificate, a certificate of origin, and a certificate of analysis.

Find suppliers: Platforms like Exportimportdata.in can help you connect with reliable suppliers.

Arrange transportation: Since fruits are perishable, refrigerated containers are essential for transportation.

Explore fruit import data: Using data-driven platforms, you can gain insights into global market trends, buyers, and suppliers.

Conclusion

India's growing demand for fresh fruits, driven by rising disposable incomes, changing consumption habits, and an increased awareness of health benefits, has resulted in a booming fruit import industry. With apples leading the charge, and countries like Iran, UAE, and Chile serving as major suppliers, India's fruit import market is poised for continued growth. Understanding the key HS codes, top importers, and how to navigate the import process is crucial for those looking to enter this lucrative market.

For more detailed information on fruit imports, importers, and suppliers in India, platforms like Exportimportdata.in can provide the latest data and insights.

[anamseair]

Are you considering starting your own import-export company? The world of global trade is evolving, offering immense opportunities for entrepreneurs. In this video, we'll explore the potential, trends, and step-by-step guide to launching a successful import-export business, especially in the Indian market.

[eximintell]

The Importance of Market Research in Import Export Business

In the intricate world of the Import Export Business, success hinges on more than just the ability to move products across borders.

[bestsolutiondubai]

Getting an import-export trading license in the UAE is a must for global traders. Regardless of whether you want to import raw materials, manufactured items, food, electronics, jewelry, or anything else, you must have a trading license. Below, I have explained how you can get this import/export business license in 6 easy steps. The professionals at Best Solutions will guarantee that all of your documentation complies with regulations and prevent any unneeded paperwork errors.

[nimratkaur22-blog]

Let us now understand what the term UTGST means in Import and Export Business?

Union Territory Goods and Services Tax is the full form of UTGST in Import and Export Business.

This law entails that there is a separate GST levied on goods and services in States and Union Territories. As we know that there was a new clause inserted by the Constitution of India in 2016, namely Clause 26B on State in Article 366. According to the said clause, any State with reference to Article 246A, 268, 269, 269A, and 279A which includes a Union Territory with a Legislature can levy SGST. However, State (SGST) is not applicable in a Union Territory without an independent Legislature.

Since some Union Territories have their independent legislatures and can be considered as independent States, the GST Council has brought about Union Territory – GST (UTGST) which is applicable on all goods and services in that Union Territory which will be on par with State –GST (SGST).  

In accordance to the above Act, UTGST is applicable to only those Union Territories which do not have an independent Legislature and below is the following list of Union Territories in India:

·Chandigarh

·Lakshadweep

·Daman and Diu

·Dadra and Nagar Haveli

·Andaman and Nicobar Islands

To address this concern, the GST Council has come up with Union Territory GST Law (UTGST) which is at par with the State GST (SGST). For instance, State GST (SGST) is applicable in the following Union Territories, New Delhi, and Puducherry. In this case, both the Union Territories come with their independent legislatures and are considered as “States” as per the GST Council.

According to Article 246 (4) of the Indian Constitution, the Parliament has the exclusive authority to make laws regarding any matter that includes any part of the Indian subcontinent, which is not incorporated in the State, including matters set forth in the State list. Subsequently, once the GST Council submits an approval, according to the law of the land, the Central Government forwards the UTGST Law in Parliament. Once the Parliament approves it, there can be the following combination of taxes applicable for any transaction:

Intra-State or for the supply of goods/services within a State: CGST + SGST

Intra-UT or for the supply of goods/services with Union Territories: CSGT + UTGST

Inter State/Inter UT or for the supply of goods/services across States or/and Union Territories: IGST

Utilization order of Input Tax Credit of Union Territory – GST would be the same of State- GST. In other words, Input Tax Credit of either State GST or Union Territory GST would set-off against State or Union Territory respectively. If there are any Output Tax Liabilities, they can be set-off against Integrated GST.

[mudraglobal]

Mudra Global Services

Import & Export Mudra Global is involved in the import and export of a variety of food and commodities around the world. Our company works with a number of farmers, agro suppliers, distributors and manufacturers around the world to supply the best quality items.

We are providing import and export services on multiple continents around the world. We strive to source quality products and agro-commodities from our suppliers.

[ximpex]

China Overtakes Japan to Become World's Biggest Exporter of Cars

China has surpassed Japan as the world's largest auto exporter in the first three months of the year. China exported 1.07 million automobiles during the period, a 58 percent increase over the first quarter of 2022. Japan's automobile exports were 954,185, up 6% over the previous year.

The shift away from fossil fuels has aided the expansion of China's automobile sector, with exports of new energy vehicles (NEVs) increasing by more than 90 percent.

[eximityin]

Top Picks: Most Successful Import Export Business Ideas in India

The import-export business in India has been an integral part of the country’s economic setup for decades and is today a key driver of growth, accounting for a significant portion of our GDP. India, with its vibrant economy and increasing integration into global markets, stands poised for even greater heights. The diversity of products, ranging from colorful textiles and elegant handcrafted decor to technologically advanced equipment, not only drives the internal economy but also enhances India’s global presence.

[impexperts-world]

Blooming Flower Export From India and Indian Floriculture

Floriculture in India is booming, with 100% export-oriented status and global demand rising. This blog explores how to export flowers from India, major importers, and key flower exporters. Discover the growing list of flowers exported from India and the rapid evolution of this industry in recent years.

[thomas-carol]

Freight Forwarder Import and Export Operation Services

Read Vee Technologies’ precise but informative article on the complicated process of import and export of goods in freight forwarding here: https://bit.ly/45duCUL

[iiiemexim]

The export industry in India is facing several challenges in 2023. However, by investing in infrastructure, compliance and regulations management, developing new markets, hedging against currency fluctuations, and developing a skilled workforce, exporters in India can overcome these challenges and succeed in the export market.

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[exporttalks]

Successful EHC Student’s Struggling & Challenging Export Story Tonight ! Stay Tuned on our YouTube Channel (Export Talks) @ 9:30 pm #exporthelpcenter #exporthelpcentre #exporttalks #exportism #exportbusinessintamil #exportimport #export #exports #exportandimport #importexport #importandexport #exporting #exportingisgreat #exportimportbusiness #exportbusiness #importexportbusiness #importandexportbusiness #exportnews #exportimportnews #exporters #exportmanager #exportsintamil #exportimportpractical #importexportpractical #exportpracticaltraining #practicalexporttraining #successstory #successstories #startup #entrepreneurs (at Export Help Center) https://www.instagram.com/p/CnmOWXdS0Y7/?igshid=NGJjMDIxMWI=