#jute export data

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Discover key steps and strategies for exporting jute products from India. Learn about global demand, major export destinations, and essential procedures for a successful jute export business.

[anamseair]

Learn the essential steps for exporting jute products from India, including market insights, key export destinations, and top Indian jute exporters. Discover global demand trends and strategies to grow your jute export business.

[eximpedia1]

 How to Export Jute from India

Jute, often known as the "golden fibre," has played a significant role in the Indian economy for generations. Its versatility in textiles, packaging, and various other industries makes it an ideal candidate for global export. However, entering the international market requires a strategic approach. In this article, we will explore the essential steps and strategies for successfully exporting jute products worldwide. Additionally, we will provide insights into jute export from India, the types of jute products exported, and the primary destinations for these exports.

Is the Jute Business Profitable?

The jute industry boasts a profit margin of approximately 40%, enabling rapid growth and effective expense management. Experts predict substantial growth in the global jute fibre market between 2023 and 2030, with some sources forecasting a compound annual growth rate (CAGR) of over 5.9%. This indicates a consistent increase in market value year after year during this period.

Popular Jute Products

Jute is used to produce a wide range of products, including:

Yarn

Carpet Backing Cloth

Blankets

Decorative Fabrics

Floor Coverings

Shopping Bags

Hessian or Burlap (Plain-Woven Fabric)

Sacking (Loosely Woven Cloth)

Food-Grade Jute Cloth

Among these, yarn, twine, sacking, hessian, and carpet backing fabric are the most notable. Jute's strong tensile strength, minimal extensibility, and breathability make it ideal for various applications, from curtains and chair covers to carpets and area rugs. Often, jute is blended with synthetic and natural fibres to enhance its properties.

The Growing Global Market for Jute Products

The global market for jute is expanding rapidly. In 2022, the jute market was valued at USD 2.5 billion and is projected to reach USD 4.9 billion by 2032, with a CAGR of over 5.9% from 2023 to 2032. Increased awareness of the environmental impact of synthetic materials has driven demand for sustainable and biodegradable alternatives like jute. However, jute prices can fluctuate due to weather conditions, global demand, and supply chain issues.

Jute Export from India: Key Statistics and Facts

India's jute industry is one of the country's oldest and most esteemed sectors, with major jute-producing states including West Bengal, Assam, Bihar, Orissa, and Andhra Pradesh. West Bengal, with its numerous mills, is the backbone of the Indian jute sector.

Indian jute products range from hessian or burlap to sacking, food-grade jute cloth, yarn, carpet backing cloth, blankets, decorative fabrics, floor coverings, and shopping bags. As of March 2021, the jute industry had 608,594 installed spindles.

Jute Export Data from India (2023-24)

Jute export data have shown a steady increase. Between 2015 and 2021, exports grew at an impressive 9% CAGR. In February and March 2022, India exported nearly USD 50 million worth of jute and floor coverings each month. Jute diversified products (JDP), such as shopping bags and home decor, dominated exports, valued at USD 21.24 billion in 2022-23. Traditional products like sacking and hessian also saw substantial increases, with exports reaching USD 83.3 million and USD 128.8 million, respectively. Jute yarn and raw jute exports were valued at USD 10.9 million and USD 22.5 million, respectively.

Top Export Destinations for Indian Jute

The leading destinations for Indian jute exports include:

USA

UK

Australia

Belgium

Egypt

Germany

Italy

Japan

Saudi Arabia

Turkey

In 2021-22, the United States was the largest importer of Indian jute products, including floor coverings, valued at USD 107.13 million.

Major Jute Products Exported from India

The primary categories of jute export from India are:

Raw Jute

Other Jute Bags

Sacking Bags (Hessian)

Carpet Backing Cloth

Twine & Rope

Decorative Fabrics

Gift Articles

Blankets

Wall Hangings

Webbing

Soil Saver

Felt

Cotton Bagging

Canvas

Tarpaulin

In the fiscal year 2022-23, the top three jute products exported from India were hessian cloth (Rs. 640.34 crore), sacking bags (Rs. 673.67 crore), and shopping bags (Rs. 788.02 crore).

Steps to Start a Jute Export Business from India

To successfully start a jute export business, follow these steps:

Register your firm and obtain an IEC code.

Research potential markets for jute products, focusing on regions like Europe and North America.

Choose the jute products you wish to export (raw, yarn, bags, etc.) and source them.

Secure financing for goods, processing, and logistics.

Implement quality control standards (such as ISO or JIDC).

Create export-worthy packaging with appropriate labeling.

Register with the Jute Products Development and Export Promotion Council (JPDEPC).

Find buyers through online platforms like Eximpedia.app.

Prepare export contracts and gather the necessary documentation.

Collaborate with a customs broker for smooth clearance.

Select reliable delivery and payment options (LC, documented collection).

Conclusion

Exporting jute products from India requires meticulous planning, market research, and adherence to quality standards and regulations. By following the steps outlined in this guide, you can position your jute export business for success and contribute to the global expansion of the jute industry.

Need Jute Buyers' Details?

Connect with Eximpedia.app to access the latest and most accurate jute buyer data and jute importer lists. We provide comprehensive jute products export from India, jute bag export statistics, top jute exports from India, jute HS codes, and more. For any queries related to jute export data, contact our data experts and schedule a free live demo today!

[probablyasocialecologist]

The standard legend of India’s Green Revolution centers on two propositions. First, India faced a food crisis, with farms mired in tradition and unable to feed an exploding population; and second, Borlaug’s wheat seeds led to record harvests from 1968 on, replacing import dependence with food self-sufficiency.

Recent research shows that both claims are false.

India was importing wheat in the 1960s because of policy decisions, not overpopulation. After the nation achieved independence in 1947, Prime Minister Jawaharlal Nehru prioritized developing heavy industry. U.S. advisers encouraged this strategy and offered to provide India with surplus grain, which India accepted as cheap food for urban workers.

Meanwhile, the government urged Indian farmers to grow nonfood export crops to earn foreign currency. They switched millions of acres from rice to jute production, and by the mid-1960s India was exporting agricultural products.

Borlaug’s miracle seeds were not inherently more productive than many Indian wheat varieties. Rather, they just responded more effectively to high doses of chemical fertilizer. But while India had abundant manure from its cows, it produced almost no chemical fertilizer. It had to start spending heavily to import and subsidize fertilizer.

India did see a wheat boom after 1967, but there is evidence that this expensive new input-intensive approach was not the main cause. Rather, the Indian government established a new policy of paying higher prices for wheat. Unsurprisingly, Indian farmers planted more wheat and less of other crops.

Once India’s 1965-67 drought ended and the Green Revolution began, wheat production sped up, while production trends in other crops like rice, maize and pulses slowed down. Net food grain production, which was much more crucial than wheat production alone, actually resumed at the same growth rate as before.

But grain production became more erratic, forcing India to resume importing food by the mid-1970s. India also became dramatically more dependent on chemical fertilizer.

According to data from Indian economic and agricultural organizations, on the eve of the Green Revolution in 1965, Indian farmers needed 17 pounds (8 kilograms) of fertilizer to grow an average ton of food. By 1980, it took 96 pounds (44 kilograms). So, India replaced imports of wheat, which were virtually free food aid, with imports of fossil fuel-based fertilizer, paid for with precious international currency.

Today, India remains the world’s second-highest fertilizer importer, spending US$17.3 billion in 2022. Perversely, Green Revolution boosters call this extreme and expensive dependence “self-sufficiency.”

[seairexim]

The Growth of Textile Exports from India: An Informative Overview

India, a country with a rich history and cultural heritage, has always been renowned for its textile industry. With a legacy that spans thousands of years, the Indian textile sector has not only served the domestic market but has also made a significant impact on the global stage. In recent years, there has been substantial growth in textile exports from India, driven by various factors such as government policies, technological advancements, and international trade agreements. This article delves into the dynamic growth of textile exports from India, highlighting key aspects that have contributed to India's success in the global textile market.

Overview of Textile Exports from India

Textile exports from India have seen a remarkable surge over the past decade. According to recent data, India is one of the world's largest exporters of textiles and apparel, accounting for a significant share of the global market. The country's diverse range of textile products, including cotton, silk, wool, and synthetic fibers, has enabled it to cater to various segments of the international market.

Several factors have contributed to the growth of textile exports from India. First and foremost is the availability of abundant raw materials. India is one of the largest producers of cotton, jute, and silk, which has provided a stable supply of high-quality raw materials for the textile industry. Additionally, the country has a large and skilled workforce, which has further bolstered the sector's competitiveness in the global market.

Leading Textile Exporters in India

Textile exporters in India have played a pivotal role in driving the country's export growth. These exporters range from large conglomerates to small and medium-sized enterprises (SMEs), each contributing to the sector's success. Some of the leading textile exporters in India have established themselves as global players, with a strong presence in markets such as the United States, European Union, and the Middle East.

Among the top textile exporters in India, notable names include Reliance Industries, Arvind Limited, Welspun India, and Vardhman Textiles. These companies have invested significantly in modern manufacturing facilities, research and development, and marketing efforts to enhance their global footprint. Furthermore, their commitment to quality, innovation, and sustainability has earned them a reputation as reliable suppliers in the international market.

The Textile Export Industry in India

The textile export industry in India is characterized by its diverse range of products and strong manufacturing capabilities. The industry encompasses various segments, including spinning, weaving, knitting, dyeing, printing, and garment manufacturing. Each segment contributes to the overall value chain, making India a one-stop destination for textile products.

Moreover, the industry has benefited from favourable government policies aimed at promoting exports. Initiatives such as the Scheme for Integrated Textile Parks (SITP), the Merchandise Exports from India Scheme (MEIS), and the Amended Technology Upgradation Fund Scheme (ATUFS) have provided financial incentives and support to textile exporters. These policies have not only stimulated investment in the sector but have also enhanced its global competitiveness.

Technological advancements have also played a crucial role in the growth of India's textile export industry. The adoption of modern machinery and automation has improved production efficiency, reduced labour costs, and enhanced product quality. Furthermore, the industry's focus on sustainability and eco-friendly practices has resonated well with international buyers, who are increasingly seeking sustainable and ethically produced textiles.

Comprehensive List of Textile Products Exported from India

India's textile exports encompass a wide array of products, reflecting the country's diverse manufacturing capabilities. A list of textile products exported from India includes:

Cotton textiles

Including cotton yarn, fabrics, and garments.

Silk textiles

Including silk fabrics and garments.

Woolen textiles

Including woolen yarn, fabrics, and garments.

Synthetic textiles

Including polyester, nylon, and acrylic yarns and fabrics.

Handloom textiles

Including traditional handwoven fabrics and garments.

Technical textiles

Including industrial fabrics, medical textiles, and agro textiles.

Home textiles

Including bed linen, towels, curtains, and upholstery fabrics.

Garments

Including men's, women's, and children's apparel.

This extensive range of products has enabled India to cater to diverse market segments and meet the varying demands of international buyers.

India Textile Exports Data Analysis

The analysis of India textile exports reveals some interesting trends and insights. The country's textile and apparel exports have grown consistently, with a compound annual growth rate (CAGR) of around 10% over the past few years. The key markets for Indian textile exports include the United States, the European Union, the United Arab Emirates, and China.

The data also highlights the increasing share of value-added products in India's export basket. While traditional products such as cotton and silk continue to dominate, there has been a noticeable shift towards higher-value products such as technical textiles and garments. This shift is indicative of the industry's focus on innovation, quality, and branding, which are essential for competing in the global market.

Furthermore, the export data underscores the importance of small and medium-sized enterprises (SMEs) in driving export growth. SMEs account for a significant portion of India's textile exports and have shown remarkable resilience and adaptability in responding to market changes. Their agility and entrepreneurial spirit have been instrumental in tapping new markets and expanding India's global footprint.

Conclusion

In conclusion, the growth of textile exports from India is a testament to the sector's robust capabilities, strategic initiatives, and relentless pursuit of excellence. The combined efforts of government policies, technological advancements, and the dedication of textile exporters have propelled India to the forefront of the global textile market. As the industry continues to evolve, it is poised to seize new opportunities and overcome challenges, ensuring sustained growth and success in the years to come.

For stakeholders in the textile industry, understanding the factors driving this growth and staying informed about emerging trends will be crucial for navigating the dynamic landscape of international trade. Whether you are a business owner, investor, or industry professional, leveraging the insights provided in this article can help you make informed decisions and capitalize on the vast potential of India's textile export sector. However, if you need textile HS codes, export data, or global trade data, you can connect with ExportImportData.in

Frequently Asked Questions (FAQs)

Q1. What are the primary factors contributing to the growth of textile exports from India?

The primary factors contributing to the growth of textile exports from India include the availability of abundant raw materials, a skilled workforce, favorable government policies, technological advancements, and a diverse range of products. Additionally, India's focus on quality, innovation, and sustainability has enhanced its competitiveness in the global market.

Q2. Which countries are the main importers of Indian textiles?

The main importers of Indian textiles include the United States, European Union, United Arab Emirates, China, and several other countries in Asia, Africa, and the Middle East. These countries have a high demand for Indian textiles due to their quality, variety, and competitive pricing.

Q3. What types of textile products does India export?

India exports a wide range of textile products, including cotton yarn and fabrics, silk textiles, woolen textiles, synthetic textiles, handloom textiles, technical textiles, home textiles, and garments. This diverse product range allows India to cater to various market segments and meet the demands of international buyers.

Q4. How has technology impacted the textile export industry in India?

Technology has significantly impacted the textile export industry in India by improving production efficiency, reducing labour costs, and enhancing product quality. The adoption of modern machinery and automation has enabled textile manufacturers to produce high-quality products at competitive prices. Additionally, technological advancements have supported the industry's focus on sustainability and eco-friendly practices.

Q5. What government policies have supported the growth of textile exports from India?

Several government policies have supported the growth of textile exports from India, including the Scheme for Integrated Textile Parks (SITP), the Merchandise Exports from India Scheme (MEIS), and the Amended Technology Upgradation Fund Scheme (ATUFS). These policies provide financial incentives, subsidies, and support for infrastructure development, technological upgradation, and marketing efforts, thereby enhancing the sector's global competitiveness.

Also Read: The Rise of Basmati Rice Export from India

[adibatex-blog]

We are Organic 100% export oriented Jute manufacturer in Bangladesh.

Jute is the Golden fibre of Bangladesh.

We work in assembling and sending out an extensive variety of Jute Sacks and Jute Sacks intended for bundling different items, including Cocoa beans, Espresso beans, Crude Cashew nuts, Hazelnuts, Peanuts, Shea nuts, Sesame Seeds, Soybeans, Heartbeats, Oil Seeds, Copra, Food grains, and Oats like Wheat, Rice, Maize, Grain, Sorghum, and Millet.

Jute yarn: We produce from 8 to 40 counts in different quality.

Jute Fabrics: different quality as per client's requirements.

Jute Ropes: Different quality as per client's requirements.

Jute Bags: As per client's requirements in different quality.

Jute Sacks: Different quality and different sizes as per client's requirements.

In the event that you are keen on buying Jute Packs or Jute Sacks for the bundling of Cocoa beans, Espresso beans, Cashew nuts, Hazelnuts, Peanuts, Shea nuts, Sesame seeds, Soybeans, Heartbeats, Oil seeds, Copra, Food grains, or Cereals (like Wheat, Rice, Maize, Grain, Sorghum, and Millet), kindly furnish us with itemized requests, including determinations, planned use, amount required, and the objective port. This data will empower us to give you valuing and a custom fitted proposition.

Jute is cultivating by our farmers 100% natural and Organic way way and manually in Bangladesh.

Email: mahbub@adibatex.com

WhatsApp: +8801630226364

For more info you can read this site 

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LinkedIn post URL 

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[tradeimex1]

Bangladesh Trade Data

South Asian nation Bangladesh's economy has been among the fastest growing in recent times. They have evolved into one of the leading exporters of jute, frozen food, seafood, and textiles. Bangladesh Trade Data indicates that in 2021, their total export values were 41.5 billion USD.

[thxnews]

UK and Bangladesh Strengthen Trade and Investment Ties, Paving the Way for Economic Growth and Job Creation

  A Growing Partnership

The United Kingdom is committed to building a robust trade and investment partnership with Bangladesh that will not only bolster the economies of both nations but also create numerous job opportunities. According to recent data, the total trade in goods and services between the UK and Bangladesh reached an all-time high of £4.7 billion by the close of 2022.   Minister for International Trade Nigel Huddleston said “The UK has a strong and enduring relationship with Bangladesh, and our trade with the country has grown significantly over the past year. “My first visit here demonstrates the UK’s strong ambition to work with Bangladesh to achieve an enhanced trade and investment relationship. I look forward to working with the Government of Bangladesh on increasing mutual prosperity by addressing barriers to market access and trade.”  

Strengthening Aviation and Creating Job Opportunities

During his visit, Minister Huddleston is scheduled to meet with Salman F Rahman MP, Private Industry and Investment Adviser to the Honourable Prime Minister Sheikh Hasina. The main focus of their discussions will revolve around the Aviation Trade and Investment Partnership, which was signed between the UK and Bangladesh in May 2023. This partnership aims to bolster Bangladesh's aviation sector and foster job creation in both countries, opening doors to new opportunities for growth and development.  

Streamlining Trade with the UK

Another crucial aspect of the talks will be the UK's world-leading Developing Countries Trading Scheme (DCTS), which came into effect just last month. Minister Huddleston is set to engage with Tipu Munshi MP, Honourable Commerce Minister of Bangladesh, to discuss the DCTS and its implications for bilateral trade. This scheme simplifies and enhances trade between Bangladesh and the UK, granting Bangladeshi exporters the advantage of simpler and more generous Rules of Origin. As a result, exporters can now utilize components from a broader range of countries while still enjoying zero tariffs on their exports to the UK.  

Paving the Way for a Thriving Aviation Industry

Following the joint communique on the Aviation Trade & Investment Partnership, Minister Huddleston will hold talks with Mahbub Ali MP, Honourable State Minister for Civil Aviation and Tourism. The focus of these discussions will be the UK's offer to assist Bangladesh in realizing its ambition of becoming the next aviation hub in South Asia. By capitalizing on the UK's expertise and support, Bangladesh aims to establish a robust and competitive aviation industry that will attract investment and drive economic growth in the region.  

A Rich History of Trade Relations

The current efforts to strengthen trade ties between the UK and Bangladesh build upon a longstanding history of economic collaboration. The relationship dates back to the colonial era, when Bangladesh, then known as East Bengal, was part of British India. The British Empire played a significant role in shaping the region's economy, particularly in sectors such as jute and tea production. Following Bangladesh's independence in 1971, trade between the two nations continued to flourish. The UK became one of Bangladesh's key trading partners, with bilateral trade growing steadily over the years. The UK has been an essential destination for Bangladeshi exports, including garments, textiles, pharmaceuticals, and agricultural products. Over time, both countries have recognized the immense potential for further economic cooperation. Efforts to diversify trade have been ongoing, aiming to expand beyond traditional sectors. The UK's expertise in areas such as finance, technology, and infrastructure development can complement Bangladesh's focus on manufacturing, agriculture, and services.   A New Era of Collaboration Minister Huddleston's visit signifies a renewed commitment to deepening the trade relationship between the UK and Bangladesh. By focusing on key areas such as aviation, the two countries aim to unlock new avenues for growth and investment. The Aviation Trade and Investment Partnership holds significant promise for Bangladesh's aviation sector, positioning it as a regional hub in South Asia. The UK, with its rich history in aviation and advanced expertise, is well-equipped to support Bangladesh in achieving this goal. Collaboration in areas such as infrastructure development, training, and technology transfer will create a strong foundation for the growth of the aviation industry, generating employment opportunities and boosting economic prosperity. Furthermore, the implementation of the Developing Countries Trading Scheme opens up new doors for Bangladeshi exporters. The scheme simplifies trade procedures and provides preferential access to the UK market, enabling Bangladeshi businesses to expand their reach and tap into new opportunities. By leveraging the simplified Rules of Origin, Bangladeshi exporters can source components from various countries, enhancing their competitiveness and fostering trade growth. A Promising Future As Minister Huddleston engages in high-level discussions with key stakeholders in Bangladesh, the stage is set for a new era of collaboration and economic growth. Both countries recognize the importance of a strong trade and investment partnership in fostering prosperity and job creation. By capitalizing on their respective strengths and synergizing efforts, the UK and Bangladesh can pave the way for a thriving future. With a shared vision of expanded trade, enhanced market access, and sustainable development, the partnership between these two nations holds the potential to unleash a wave of economic opportunities, benefiting businesses, workers, and consumers on both sides.  

In conclusion

The history of trade relations between the UK and Bangladesh provides a solid foundation for the current efforts to strengthen ties. Minister Huddleston's visit and the focus on areas such as aviation and trade facilitation underscore the commitment of both nations to build a mutually beneficial and sustainable partnership. As they navigate the challenges and seize the opportunities, the UK and Bangladesh are poised to create a path towards economic growth, job creation, and shared prosperity in the years to come.   Sources: THX News & British High Commission Dhaka. Read the full article

[naveenkumarsin32]

Bangladesh trade data | Global import export data

Exim Trade data offering the Bangladesh import export data. In the form of trade data,  they are providing important import export data such as total shipment, total USD Value, Total percentage, bills, invoice, HS Code, and many more.  If you want more then click on the link below and download the sample of Bangladesh import-export data. Bangladesh's Jute Exports Reduced By 20% in FY23. Analyze growth opportunities in the global jute market through Exim Intelligence Platform.

 - https://eximtradedata.com/bangladesh-import-export-data

[importglobals03]

Export Import in Bangladesh 2023: Trends and Key Procedures

As per Custom Import Export Data, international trade represented 28% of Bangladeshi GDP in 2021.  The country is 46th largest goods trading partner with $9 billion in goods trade.

As per Bangladesh Import Data, the main imports of the country are cotton, machinery, mineral fuels and oils, electrical machinery and electronics, iron and steel, plastics, vehicles, animal or vegetable fats, oils and cereals, and man-made staple fibers.

The main import partners of the country are China, India, Singapore, United States, Japan, Hong Kong, Indonesia, Japan, South Korea, Malaysia and Brazil. Iron and steel posted the fastest growth among import categories.

Major Bangladesh machinery imports are computers, yarn, sewing machines, liquid pumps, and elevators. Bangladesh imported woven fabrics, uncombed cotton, woven cotton fabrics and yarn the most.

In year cotton imports was reported to be 23,773 BDT. The country has high domestic demand for yarn and fabrics. Thus it imports cotton in substantial amount. The country imported 46% of its cotton requirements from India.

The country also imports more yarn and it has shifted its focus towards India from China for importing man-made fibre yarn and fabric due to competitive pricing.

As per Bangladesh Export Data, the main exports of the country are ready-made garments, jute and jute manufacturing products, fish, shrimps, prawns, leather and leather items, home textile, and vegetable products, plastic and plastic products.

The main export partners are Singapore, Japan, United States, France, Spain and Germany. The country exports most of its jute to India. China and Bangladesh are the second largest exporter of Jute in the world.

The Jute industry exports around one billion dollars worth of jute from Bangladesh every year. The country has fetched $    548 million by selling jute and jute made products in the first seven months of the current financial year 2022-23.

The country’s leather industry exports increased by 27.41% totalling to 456.85 million US dollars; in 2021.  Leather footwear exports represented 61.11% of the total value generated. Finished leather exports totalled 56.48 million US dollars and the revenue of generated by the footwear exports amounted to 175.4 million US dollars.

Wrap up

Bangladesh is a growing economy with good scope of international trade. When planning to do business with Bangladesh it is important to collaborate with the professional data service provider to get authentic inputs like HS code, shipment and custom data, price/quantity of goods, origin/destination country and more to make informed business decisions.

[importexportinfo]

Jute is known for its normal hearty appearance and superior durability. The key functions of a jute turning unit is to change jute fibres into yarns for various uses. Jute Yarn suppliers details help you to generalize the ups and downs tendency of jute yarn import export business.

[exportimportd]

Free Search of Import Export Data India

With the advent of the coronavirus, every country had plunging effects on their trade activities. According to India’s Foreign Trade of 2021, the Import Export Data exhibited that the overall exports had a negative growth of around -6.66% to be USD 493.19 billion. The overall Export Import Data that India makes in its foreign trade include both merchandise and services. From the estimation calculated in April-March of 2020–21, the overall imports also exhibited a negative growth of -16.53% to be USD 505.94 billion.

The merchandise Custom Data also revealed that exports made in March 2021 were around USD 34.45 billion when compared with March 2020 that was USD 21.49 billion. Imports in merchandise in March 2021 were USD 48.38 billion that showed an increase of 53.74% when compared to 2020. As per the latest estimation made on Import Export Data in services, exports in 2021 was USD 17.55 billion and showed a negative percentage of -1.02 than the year 2020. Imports on the other hand in 2021 stated a value of around USD 10.61 billion showing -4.10% negative growths than 2020.

Import Export Data showed that in the area of merchandise during the period of April-March of 2020–21, India had made exports of around USD 290.63 billion that is -7.26%. The Imports were USD 389.18 billion which had -18.02% growths. Thus a Trade Data deficit of around USD 98.56 billion could be estimated. On the other hand, the services area during the period of April-March of 2020–21 made -5.78% growth with USD 202.57 billion in exports, -11.16% in imports with USD 116.75 billion. Here the net of services that could be estimated was only USD 85.81 billion.

The overall trade of Indian Foreign Trade is calculated by summing up the estimated values of Merchandise and Services made by the country. As per the recent estimate made of April-March 2020–21, India Export Import Data stated that both Exports and Imports Data were having negative growth. The trade deficit which could be calculated from the overall trade was USD 12.74 billion.

Commodities that had some positive growth during this period in merchandise Import Export Data include cereals, oil meals, iron ore, electronic goods, jute, engineering goods, gems & jewelry, processed items, spices, cotton, ceramic products, rice, petroleum products, marine products, and many more. Other major commodity groups that showed negative growth in imports made in March 2021 were silver with -89.66%, transport equipment with -32.71%, pulses with -13.89%, project goods with -32.58%, and fertilizers with -5.61%.

[anamseair]

https://www.seair.co.in/blog/jute-export-from-india.aspx

Explore the essential procedures for exporting jute products internationally. Learn about jute export from India, top jute products, leading destinations, and key exporters. Get insights on the growing demand for jute, along with valuable market information to help you succeed in the global jute trade. Contact Seair Exim Solutions for detailed jute export data and buyer lists.

[eximpedia1]

Start a Profitable Carpet Export Business in India

Indian carpets are a testament to the nation's rich cultural heritage and craftsmanship while significantly contributing to its economy. Widely cherished for their intricate designs and exceptional quality, these carpets adorn homes, workplaces, and temples across the globe. In the fiscal year 2022-23, India exported carpets and rugs valued at an impressive US$ 1.36 billion, solidifying its position as the world's third-largest carpet exporter. With approximately 85-90% of its production destined for international markets, India’s carpet industry is an undeniable force in the global arena.

The Size and Scope of the Carpet Industry

The global carpet market, valued at USD 72.39 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 4.35% from 2024 to 2033. India’s carpet and rug market holds a notable share within this expansive industry, reaching approximately USD 5.0 billion in 2023. Prominent Indian players such as Saraswati Global Pvt. Ltd., Jaipur Rugs, The Rug Republic, and Obeetee Pvt. Ltd. are at the forefront of this thriving sector.

Factors driving the global carpet industry’s growth include increased interest in interior decoration, expanding urbanization and globalization, growth in the construction sector, rising middle-class populations, higher investments in interior designs and furnishings, and activities related to renovation and rehabilitation.

Carpet Production in India: A Heritage of Excellence

India is the world’s second-largest producer of carpets, following China. Known for its wide range of carpet types, including Indo-Persian, silk, wool, Zeigler, Kilim, and hand-tufted varieties, India’s craftsmanship is globally renowned. Key carpet manufacturing hubs include Agra, Jaipur, Srinagar, Danapur, Bhadohi, and Panipat, the latter gaining prominence in recent decades.

With over two million people employed in the cottage industry of hand-weaving techniques such as braiding, shearing, hooking, and hand tying, carpet production remains an integral part of India's rural economy.

India’s Carpet Export Statistics

Based on carpet export data, India’s carpet export value reached US$ 1.15 billion between April and January 2024. In the fiscal year 2022-23, the total export value stood at US$ 1.36 billion, while the previous year’s exports were valued at US$ 1.79 billion. Indian carpets are exported to over 100 countries, with the USA accounting for more than 55% of total sales. Handmade carpets, including wool, cotton, rugs, and durries, dominate these exports. Notably, India exported jute carpets worth US$ 87 million and silk carpets valued at US$ 50 million during FY23.

Varieties of Indian Carpets Exported

India caters to a diverse global market with a wide range of handcrafted carpets. These include pure silk carpets, tufted woolen carpets, hand-knotted woolen carpets, staple and synthetic carpets, Gabbeh carpets, hand-made woolen dhurries, and chain stitch rugs. These varieties are exported to numerous Asian and European nations, enhancing India’s reputation as a premier supplier of exquisite floor coverings.

HS Codes for Carpet Exports

Prominent HS codes in the carpet export sector include those for tufted carpets, knotted carpets, and other textile floor coverings. These codes categorize products for streamlined global trade and ensure compliance with international regulations.

Top Export Destinations for Indian Carpets

Indian carpets are highly sought after in international markets, with the USA leading as the largest importer. Other significant destinations include Germany, the United Kingdom, Australia, the Netherlands, Sweden, and Italy. The USA alone imported Indian carpets valued at US$ 684 million up to January 2024, while Germany and the UK followed with imports worth US$ 70 million and US$ 51 million, respectively.

Global Leaders in Carpet Exports

India ranks third globally among the top carpet-exporting countries, following China and Turkey. Other notable exporters include Belgium and the Netherlands. These countries collectively dominate the global carpet trade, but India’s unique handcrafted designs and competitive pricing give it a significant edge.

Top Carpet Exporters in India

Leading carpet exporters in India include Bhadohi Carpets, Obeetee Carpets, Jaipur Rugs, Carpet Overseas, Rugs and Beyond, Insigne Carpets, Kaleen India, The Rug Republic, Genie Carpet Manufacturer, and The Weaver. These companies play a crucial role in meeting the global demand for high-quality carpets and driving India’s export success.

The Future of Indian Carpet Exports

India’s carpet exports are poised for sustained growth due to several factors. Increasing global demand for personalized and sustainable products, advancements in automated looms and digital printing, rising disposable incomes, and urbanization are set to boost the industry further. Government initiatives such as subsidized loans, marketing events, and skill development programs also support this growth. Additionally, Indian weavers’ adaptability to changing market trends and customer preferences ensures their continued relevance in the global market.

How Eximpedia Can Support Your Carpet Export Business

Eximpedia.app provides reliable, real-time data on carpet export markets. From identifying legitimate buyers and suppliers to understanding market trends and insights, Eximpedia is your go-to platform for enhancing your carpet export from India. With comprehensive data and expert support, businesses can navigate the global market with confidence and precision.

Final Thoughts

India’s carpet industry, with its rich heritage and robust export potential, continues to thrive in the global marketplace. By leveraging resources like Eximpedia’s export data, businesses can identify opportunities and achieve greater success in this promising sector. For expert assistance and real-time insights, connect with Eximpedia today!

[shirts76-blog]

Review of Bangladesh Garment Industry

Farming, as the case in India, has been the foundation of economy and boss wellspring of salary for the individuals of Bangladesh, the nation made of towns. Government needs to diminish neediness by getting most elevated profitability from farming and accomplish independence in food creation. Aside from horticulture, the nation is greatly worried about the development of fare division. Bangladesh have quickened and changed her fares significantly now and again. After Bangladesh appeared, jute and tea were the most fare arranged businesses. In any case, with the consistent dangers of flood, bombing jute fiber costs and an extensive decrease in world interest, the part of the jute area to the nation's economy has weakened (Spinanger, 1986). From that point onward, center has been moved to the capacity of creation part, particularly in piece of clothing industry.

The piece of clothing industry of Bangladesh has been the key fare division and a principle wellspring of unfamiliar trade throughout the previous 25 years. At present, the nation creates about $5 billion worth of items every year by trading piece of clothing. The business gives work to around 3 million specialists of whom 90% are ladies. Two non-market components have played out an essential capacity in affirming the piece of clothing industry's constant achievement; these components are (a) shares under Multi-Fiber Arrangement1 (MFA) in the North American market and (b) uncommon market section to European business sectors. The entire methodology is unequivocally related with the pattern of migration of creation.

Relocation of Production in the Garment Industry

The worldwide economy is currently constrained by the exchange of creation where firms of created nations swing their consideration regarding creating nations. The new portrayal is focused on a center outskirts arrangement of creation, with a nearly little focal point of perpetual representatives managing account, innovative work, mechanical foundation and modernisation and a fringe containing subordinate components of creation method. Decreasing expenses and expanding yield are the primary driver for this demeanor. They have found that the most straightforward approach to undercharge is to move creation to a nation where work charge and creation costs are lower. Since creating countries give zones that don't force costs like ecological degeneration, this training secures the created nations against the issues of condition and law. The exchange of creation to Third World has helped the extension of economy of these countries and furthermore accelerate the economy of the created countries.

Article of clothing industry is constrained by the exchange of creation. The globalization of piece of clothing creation began before and has extended more than that of some other industrial facility. The organizations have moved their hands on creation exercises from high-wage regions to minimal effort producing districts in industrializing nations. The improvement of correspondence framework and systems administration has assumed a key part in this turn of events. Fare situated assembling has carried some great re-visitations of the industrializing countries of Asia and Latin America since the 1960s. The primary migration of article of clothing fabricating occurred from North America and Western Europe to Japan during the 1950s and the mid 1960s. In any case, during 1965 and 1983,shirts manufacturer in Bangladesh Japan changed its regard for more rewarding items like vehicles, sound systems and PCs and accordingly, 400,000 laborers were excused by Japanese material and dress industry. In sway, the subsequent stock exchange of article of clothing producing was from Japan to the Asian Tigers - South Korea, Taiwan, Hong Kong and Singapore in 1970s. However, the propensity of move of assembling didn't stay there. The ascent in labor charge and animation of worker's guilds were in relation to the improvement in economies of the Asian Tigers. The business saw a third exchange of assembling from 1980s to 1990s; from the Asian Tigers to other creating nations - Philippines, Malaysia, Thailand, Indonesia and China specifically. The 1990s have been driven by the last gathering of exporters including Bangladesh, Srilanka, Pakistan and Vietnam. In any case, China was pioneer in the current of the migration as in under ten years (after 1980s) China rose up out of no place to turn into the world's significant producer and exporter of garments.

Bangladesh Garment Sector and Global Chain

The reason for this exchange can be explained by the compensation structure in the article of clothing industry, everywhere on over the world. Clothing work charge every hour (wages and incidental advantages, US$) in USA is 10.12 yet it is just 0.30 in Bangladesh. This distinction quickened the world clothing trades from $3 billion out of 1965, with creating countries making up only 14 percent of the aggregate, to $119 billion of every 1991, with creating countries contributing 59 percent. In 1991 the quantity of laborers in the instant article of clothing industry of Bangladesh was 582,000 and it grew up to 1,404,000 of every 1998. In USA, be that as it may, 1991-figure demonstrated 1,106.0 thousand laborers in the attire part and in 1998 it went down to 765. 8 thousand.

The introduced data uncovers that the inclination of low work charges is the key explanation behind the exchange of article of clothing fabricating in Bangladesh. The training started in late 1970s when the Asian Tiger countries were in mission of strategies to dodge the fare portions of Western nations. The article of clothing units of Bangladesh are fundamentally depending on the 'tiger' countries for crude materials. Arbiters in Asian Tiger countries construct a mediator between the material units in their nations of origin, where the turning and weaving go on, and the Bangladeshi units where the fabric is cut, sewn, pressed and stuffed into containers for send out. Similar agents of tiger countries find the market for Bangladesh in a few countries of the North. Huge retail exchanging organizations put in the United States and Western Europe provide most requests for Bangladeshi piece of clothing items. Organizations like Marks and Spencers (UK) and C&A (the Netherlands) control capital assets, with respect to which the capital of Bangladeshi proprietors is tolerance. Shirts made in Bangladesh are sold in created countries for five to multiple times their imported cost.

Joint effort of a local private piece of clothing industry, Desh Company, with a Korean organization, Daewoo is a significant occurrence of worldwide article of clothing chain that fills in as one of the grounds of the extension of piece of clothing industry in Bangladesh. Daewoo Corporation of South Korea, as a feature of its worldwide arrangements, looked into Bangladesh when the Chairman, Kim Woo-Choong, offered a hopeful joint dare to the Government of Bangladesh, which incorporated the development and cycle of tire, cowhide products, and concrete and piece of clothing processing plants. The Desh-Daewoo union was conclusive regarding getting into the worldwide attire markets at noteworthy point, when import improving was going on in this market following the marking of MFA in 1974. Daewoo, a South Korean driving exporter of pieces of clothing, was looking for circumstances in countries, which had scarcely utilized their standards. Because of the share limitation for Korea after MFA, the fare of Daewoo got restricted. Bangladesh as a LDC found the opportunity to trade with no imperative and for this reason Daewoo was worried about the utilization of Bangladesh for their market. The reason behind this need was that Bangladesh would depend on Daewoo for bringing in crude materials and simultaneously Daewoo would get the market in Bangladesh. At the point when the Chairman of Daewoo showed enthusiasm for Bangladesh, the nation's President put him in contact with director of Desh Company, an ex-government employee who was looking for more enterprising interests.

To satisfy this desire, Daewoo marked a cooperation contract with Desh Garment for a long time. The agreement likewise joined the fields of specialized preparing, acquisition of apparatus and texture, plant foundation and advertising as an end-result of a particular showcasing commission on all fares by Desh during the agreement stage. Daewoo additionally granted a comprehensive useful preparing of Desh representatives in the working environment of a worldwide organization. Daewoo acutely helped Desh in purchasing hardware and textures. A few experts of Daewoo showed up Bangladesh to set up the plant for Desh. The final product of the relationship of Desh-Daewoo was significant. In the initial six years of its business, for example 1980/81-86/87, Desh send out worth expanded at a yearly normal pace of 90%, arriving at more than $5 million out of 1986/87.

It is asserted that the Desh-Daewoo collusion is a critical component for the development and accomplishment of Bangladesh's whole piece of clothing trade industry. In the wake of getting connected with Daewoo's image names and showcasing network, abroad purchasers went on with purchasing articles of clothing from the enterprise remiss of their root. Out of the initial students most left Desh Company at a few times to raise their own contending article of clothing organizations, filled in as a method of moving information all through the entire article of clothing part.

It is fundamental to distinguish the results of the way toward moving creation from significant compensation to low compensation countries for both creating and created countries. Most of the Third World countries are currently headed to industrialisation. In this method, laborers are working under troublesome workplace - negligible wages, undesirable work environment, absence of security, no activity ensure, constrained work and so on.

[seairexim]

Bangladesh Export and Import Data: A Comprehensive Guide

Trade serves as the lifeline of any economy, and Bangladesh is no different. In this article, we'll delve into the details of Bangladesh export and import data and their impact on the national economy. Whether you're a business owner, a student, or simply interested in global trade, this detailed guide will offer you valuable insights.

Overview of Bangladesh's Trade

Bangladesh's trade landscape has undergone a remarkable transformation in recent decades. Shifting from a mainly agrarian economy, it has become a major manufacturing center, particularly in the textile and garment industries. But what do the statistics reveal? Let's examine Bangladesh's export and import data to gain a clearer understanding of this shift.

Key Export Commodities

Bangladesh is best known for its ready-made garments (RMG), which make up the majority of its exports. However, the country's export portfolio includes more than just clothing. Bangladesh also exports jute and jute products, leather goods, seafood, and pharmaceuticals. These products have reached markets worldwide, strengthening Bangladesh export data.

Ready-Made Garments (RMG) The RMG sector is the cornerstone of Bangladesh’s economy, offering jobs to millions and producing substantial income. Bangladesh ranks among the top garment exporters globally, with major brands like H&M, Zara, and Gap sourcing their products from Bangladeshi manufacturers.

Jute and Jute Products Jute, often called the "Golden Fiber," is another vital export for Bangladesh. The country produces and exports a range of jute products, including raw jute, jute yarn, and various jute items like bags and rugs.

Seafood Thanks to its extensive coastline and abundant marine resources, Bangladesh exports a significant amount of seafood, particularly shrimp and fish, to markets around the world.

Major Import Goods

While exports play a vital role, imports are essential for maintaining a balanced economy. Bangladesh imports a broad array of products, including machinery, petroleum products, chemicals, and food grains, to meet the diverse needs of its expanding economy.

Machinery and Equipment To bolster its manufacturing and infrastructure development, Bangladesh imports a substantial quantity of machinery and industrial equipment.

Petroleum Products Due to limited domestic production, Bangladesh depends significantly on imported petroleum products to satisfy its energy requirements.

Bangladesh Customs Data

Bangladesh customs data offers in-depth insights into the flow of goods entering and exiting the nation. Through the analysis of Bangladesh customs data, businesses can detect patterns, forecast demand, and make well-founded decisions. This information encompasses details on tariffs, import duties, and regulatory obligations, critical for all stakeholders in global commerce.

Analysis of Export Data

An in-depth review of Bangladesh export statistics unveils notable trends. For example, the consistent expansion of the RMG sector shows no signs of deceleration, while emerging industries like pharmaceuticals are becoming key contributors. Comprehending these trends aids businesses and policymakers in crafting strategic decisions.

Trade Balance and Its Implications

Bangladesh frequently experiences a trade deficit, indicating that its imports exceed its exports. This trade balance significantly affects the country’s foreign exchange reserves and economic stability. However, remittances from the Bangladeshi diaspora help partially alleviate this deficit.

Regional Trade Partners

Bangladesh's trade relationships are pivotal for its economic well-being. Key trade partners include the United States, the European Union, China, and India. These partners are instrumental in both exports and imports, thereby shaping Bangladesh trade data.

United States and European Union The United States and the European Union are the primary markets for Bangladeshi garments, emphasizing the necessity of nurturing robust trade relationships with Western nations.

China and India China and India, as neighboring giants, serve not only as major sources of imports but also as expanding export markets for Bangladesh.

The Influence of Trade on Bangladesh's Economic Growth

Trade plays a vital role in shaping Bangladesh's economy, driving employment, boosting economic growth, and enhancing technological capabilities. Extensive export data from Bangladesh Customs highlights the essential contribution of trade to the nation's development.

How Government Policies Shape Trade in Bangladesh

Government policies are key to shaping trade dynamics in Bangladesh. To promote exports, the government has introduced various measures, including tax incentives for exporters and initiatives aimed at improving the ease of doing business. Understanding these policies is essential for businesses looking to navigate the complex trade landscape effectively.

Challenges in Bangladesh's Trade Landscape

Despite positive trends, Bangladesh faces several trade challenges, including infrastructural bottlenecks, regulatory hurdles, and competition from other developing countries. Overcoming these obstacles is crucial for sustaining growth in the nation's export and import sectors.

Future Prospects for Bangladesh's Trade

Looking ahead, Bangladesh holds significant potential to expand its trade. Key strategies for future growth include diversifying export products, improving infrastructure, and leveraging technology. The evolving trade data will reveal how effectively the country adapts to these changes.

The Role of Technology in Trade Data Management

Technology is becoming crucial in managing and analyzing trade data. Advanced data analytics, AI, and blockchain technology can improve the accuracy and efficiency of Bangladesh customs data processing, offering more reliable insights for decision-makers.

Conclusion

In summary, Bangladesh's trade landscape is dynamic and multifaceted. By understanding export and import data, customs data, export statistics, and overall trade data, we gain valuable insights into the country's economic health and future prospects. While challenges are significant, strategic planning and a focus on growth sectors can help Bangladesh thrive in the global market. Numerous platforms, such as Seair Exim Solutions and Eximpedia, offer comprehensive import and export data for in-depth analysis.

Frequently Asked Questions (FAQs)

Q1. What are the main exports of Bangladesh?

The main exports of Bangladesh are ready-made garments (RMG), jute and jute products, leather goods, seafood, and pharmaceuticals.

Q2. Which countries are the major trade partners of Bangladesh?

The major trade partners of Bangladesh include the United States, the European Union, China, and India.

Q3. What challenges does Bangladesh face in its trade?

Bangladesh faces challenges such as infrastructural bottlenecks, regulatory hurdles, and competition from other developing countries.

Q4. How does technology impact Bangladesh's trade data?

Technology enhances the accuracy and efficiency of trade data processing through advanced data analytics, AI, and blockchain technology, providing more reliable insights.

Q5. What is the significance of customs data in trade?

Customs data provides detailed insights into the movement of goods, helping businesses identify trends, anticipate demand, and make informed decisions.