India is known for its good quality spices. Because of this, there are many spices traders who operate in India. Currently, India is the largest exporter of spices in the world. India produces at least 75 varieties of spices.
Here are a few spices that can be included in your export business:
India is a leading exporter of mint products. Approximately 22300 tons of mint was exported in 2016-17. Some of the leading importers of mint from India are China, US, and Germany.
2. Spice Oils
12,100 tons of spice oil which was worth Rs. 2,30,775 was exported in India.
Biggest importers of spice oils are the US, Germany, and the United Kingdom. Because of their export value, spice oils business will give good profits to spice traders.
1,19,000 tons of cumin was exported in the financial year 2016-17, which was worth a total of Rs. 1,96,320 lakhs. Some oF the largest exporters of this spice are UK, Bangladesh, and the US.
1,16,500 tons of turmeric was exported in the financial year 2016-17 in India, which was worth Rs. 1,24,189 lakhs. Some of the top exporters of this spice are the US, Malaysia, and the UAE. Turmeric has a good business in India as well as it is one of the most commonly used spices in India.
Pepper is exported from India in larger quantities. Approximately 17600 tons of pepper was exported to countries like the US, Germany, and Japan from India.
Including these spices will certainly be profitable for your business.
If you want a business loan to expand your export business, contact Gromor Finance for a loan at affordable interest rates!