Export & Import
@ZibiGroup
The export and import industry encompasses businesses involved in the international trade of goods and services, connecting markets and facilitating the global flow of products. This includes a wide range of sectors such as agriculture, manufacturing, energy, and technology. Exporters and importers are key to global supply chains, delivering goods from raw materials to finished products across borders, contributing to economic growth and international market access.
Market size:
In 2024, India’s export market is projected to reach approximately ₹2.93 lakh crore (INR 35.2 billion) for merchandise exports, reflecting a 2.55% increase from 2023. Services exports are expected to grow to ₹2.51 lakh crore (INR 30.27 billion), marking an 8.48% rise. The total trade, including both merchandise and services, is estimated at ₹5.48 lakh crore (INR 65.47 billion), showing a 5.40% growth. Merchandise imports are estimated at ₹4.67 lakh crore (INR 56.18 billion)
Challenges:
⦿ Supply Chain Disruptions
⦿ Trade Tariffs and Regulations
⦿Logistics Costs
⦿ Currency Fluctuations
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