All There is to Know About Exporting to the USA from India
As the world becomes more connected every day, opportunities for exporters as well as the choices accessible to consumers and importers, are expanding. Since that is no longer the case, you are no longer limited to buying things from people in your region. Today, a customer in Chicago, Illinois, can order a Made in India home décor item through internet shopping channels. Therefore, starting an import-export business will unquestionably expand both your market and your income. However, it is essential to take into account market conditions, compliance, and logistics before choosing the best product from India to export to the USA. Understanding the kind of items that are in demand as well as the necessary investment, is essential.
Why establish a US export business in 2023?
India’s merchandise exports increased by 6.03% to a record $447.46 billion in FY 2022-23. As a result of growing exports, it is now more simple to undertake exports to the USA, including paperless transactions and online paperwork. In addition to conventional export goods, Indian exporters are increasingly offering textiles, spices, Ayurvedic and herbal beauty products. By making it simple and quick to set up an online store, list products, and sell them to millions of customers, e-commerce exporting programmes like Amazon Global Selling have increased opportunities for international growth as well as export to the USA.
Leading Indian exports to the USA
Following are some of the popular products that are exported from India to the USA:
India is one of the major exporters of clothing and textiles worldwide. It is well known for its exquisite prints, fine fabrics, and wide selection of formal, informal, sports, and ethnic apparel. The most popular markets for Indian textiles include the UK, the USA, Japan, Canada, the UAE, and Singapore. The Indian government has also established a variety of initiatives and Export Promotion Councils like WWEPC, AEPC, and TEXPROCIL export to the USA to aid textile exporters.
Similar to apparel, footwear can be categorised into formal, casual, sports, and many other subcategories. You can locate goods at competitive prices through the country’s established value chain and export to the USA without investing a lot of money in production and business setup.
India is one of the major producers and exporters of spices worldwide. From the sale of turmeric to the export of cumin and cardamom, Indian exporters are selling spices in overseas markets, including the USA, Canada, Australia, and the Middle East. Examining the demand for various spices in well-known markets may help you find a product-market fit that will help your company export to the USA.
The second-largest producer of tea in the world and one of its top exporters in India. Indian teas are assigned a variety of geographical indications (GI tags), such as those for Darjeeling, Kangra, and Assam teas. India accounts for around 10% of global tea exports to the USA, and Assam, Darjeeling, and Nilgiri teas are among the best in the world. Many companies, brands, and businesspeople from all over the world have recognised the demand for and attraction of tea and have been successfully running tea exports to the USA.
- Gems and Jewellery
An important component of India’s total exports is gems and jewellery. The gems and jewellery sector, which represents 12% of Indian exports, offers Indian exporters promising development potential. India is known for its aesthetic excellence in jewellery design and cutting. As a result of its rich cultural history, the country can boast of a wide range of jewellery types that are well-known in the international markets, including Kundan, copper, silver, gold, and ivory, among others. The US, the UAE, and Singapore are just a few of the well-known nations and markets to which India exports gems and jewellery. When launching an Indian export enterprise, you can choose which market to target based on the resources available.
As one of India’s export industries with the quickest development, many Indian vendors transport leather items all over the world. Numerous states in the country, including West Bengal, Jammu & Kashmir, Tamil Nadu, and Telangana, produce and export to the USA leather goods in large amounts. Shoes, apparel, furniture, and accessories made of polished leather are only a few of the major product categories shipped to the USA.
Now that you know the list of popular items exported from India to the USA, let us focus on how to start an export business from India.
How can you start an export business from India?
Starting an export business is not too difficult in India. The steps listed below can be used to start an export business from India:
- File a company registration.
- Obtain a PAN or Permanent Account Number.
- Open a checking account.
- Identify the Importer Exporter Code (IEC) for the DGFT.
- Obtain a Registration Cum Membership Certificate (RCMC) from the appropriate export promotion council.
- Pick the right products and the market to target
- Locate buyers or importers.
- Complete the price and collect all necessary documentation.
- Deliver the goods and gather the payment.
Necessary documents to start an export business from India
The documentation required to start a business from India and export to the USA are:
- Receipt for terminal handling Airway bill
- Commercial invoice
- Packing list
- Importer of Record (IoR)
- Shipping bill (If required)
- Certificate of Inspection
Easy e-commerce export made possible by Amazon Global Selling
With the help of Amazon Global Selling, an e-commerce exports initiative, Indian retailers and MSMEs may easily export their products to more than 200 different countries and territories. Without opening a physical store or warehouse abroad, you may reach foreign customers using Amazon’s simple registration process and hassle-free logistical support. Starting an export business is profitable in India. You can choose an import-export business model and expand your business internationally through Amazon Global Selling.