Chemicals Industry and #Exports From #INDIA
Bharat Udaan Mission (Export Import Academy)
MD at Atlantico International & Bharat Udaan Mission ( #Export #import Training Academy),15K+ Connections
>EXPORT TREND
India is among the top chemical exporting countries in the world. India exports inorganic and organic chemicals, tanning and dyes, agrochemicals, plastics, synthetic rubber, filaments, etc. In FY 2022-23 (until August 2022), exports of chemicals and petroleum products stood at US$ 8.24 billion. The surge in chemical exports has been achieved because of sustained efforts on the part of the Department of Commerce & Industry and Indian member exporters. #CHEMEXCIL, India’s chemical exports promotion council, has also taken major efforts by using grant in aid under market access initiative scheme, organizing B2B exhibitions in different countries, exploring new potential markets through product-specific marketing campaigns with the active involvement of Indian embassies, providing financial aid in statutory compliance in overseas product registration, etc. This export growth has been achieved despite issues like high freight rates and container shortages which has benefitted small and medium exporters from key states like Gujarat, Maharashtra, Karnataka, Tamil Nadu and Andhra Pradesh.
In FY 2021-22, India’s total chemicals products exports were valued at US$ 24,313.88 million, an increase of 38.67% YoY. The export growth of chemicals has been achieved because of a surge in shipments of organic, inorganic chemicals, agrochemicals, dyes and dye intermediates and specialty chemicals. In September 2022, the organic and inorganic chemical exports of the country were valued at US$ 2,332.92 million.
>EXPORT DESTINATIONS
India exports chemicals and chemical products to more than 175 countries with key export destinations like China, USA, Brazil, Netherlands, Saudi Arabia, Indonesia, UAE, Japan, Germany, etc. The industry also started exporting to markets like Turkey, Russia and Northeast Asian countries namely Hong Kong, Japan, Korea RP, Taiwan, Macao, Mongolia. During 2020-21, China was the largest importer of chemicals from India valued at US$ 2.4 billion followed by USA with imports of US$ 2.2 billion. Chemical exports to Brazil were valued at US$ 1.3 billion recording growth of 31% from US$ 1.0 billion witnessed in 2019-2020.
China is a major importer of dyes, dye intermediates and organic chemicals from India. USA remained the largest importer of essential oils, inorganic chemicals while Brazil was the top importer of agrochemicals from India. India’s Cosmetics, Soap & Toiletries exports to USA were the highest among all the key export destinations from India.
As per 2021-22 (provisional data) export statistics provided by CHEMEXCIL, top 25 countries have recorded growth for Indian chemical exports over 2020-21 period. USA exports valued at US$ 3.6 billion recording a growth of 59% over 2020-21. This export growth has driven USA contribution to the overall chemical exports from India to the highest levels at 17.73 % followed by China (12.7%) and Brazil (8.52%).
>GOVERNMENT BODY
Basic Chemicals, Cosmetics and Dyes Export Promotion Council (CHEMEXIL)
Found in 1962 by the Government of India, the primary objective of the CHEMEXIL is to promote chemical product exports abroad. The important roles of the council are to be an interface between the industry and government, participate in international exhibitions, advise the government on policies, provide training and knowledge transfer to industries, etc.
FREE WEBINAR ON OPPORTUNITIES IN EXPORT IMPORT BUSINESS
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Date: 1/4/2023 (Saturday) (9.00 PM to 11.00 PM)
Registration Link ?? https://us02web.zoom.us/meeting/register/tZ0ufuqspzIsHdb89gaxmUTLuHGraU1K9alA
Contact us: 9727444678
Website: www.bharatudaanmission.in
Topic to be covered during Webinar ??
?? Investment
?? Risk in Export-Import
?? Buyer finding
?? Buyer Genuinity
?? Government of #India - Help & Benefits
?? #Custom #Clearance, #Shipping, and Logistics
?? How can I start?
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E-Certificate will be awarded to each participant upon completion of the 2 hour Webinar
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