Basic chemicals and their related products (petrochemicals, fertilisers, paints, varnishes, glass, perfumes, toiletries, pharmaceuticals, etc.) form a very significant part of the Indian economy and account for about 3 per cent of India's GDP. Among the most diversified industrial sectors, it covers an array of more than 70,000 commercial products.
Key Markets and Export Destinations
The total exports of dyes and dye intermediates, organic and inorganic chemicals, including agro-chemicals, cosmetics and toiletries, essential oils, agarbattis and castor oil, stood at US$ 12,170 million in 2011-12.
The UAE, the US, China and Saudi Arabia are the leading importers of cosmetics, toiletries and essential oils.
The exports of inorganic, organic and agro chemicals to the US grew by approximately 33 per cent between 2007-08 and 2011-12.
North America, Western Europe, Japan and emerging economies in Asia and Latin America are some of the major markets for Indian chemicals.
The US, the Netherlands and China are the leading export destinations for Indian inorganic, organic and agro chemicals. Exports to the Netherlands grew by about 25.6 per cent between 2007-08 and 2011-12.
Basic Chemicals, Pharmaceuticals and Cosmetics Export Promotion Council
The promotion of product groups such as dyes and dye intermediates, basic inorganic and organic chemicals, including agro-chemicals, cosmetics, toiletries, essential oils, agarbattis, castor oil and its derivatives, is handled by the Basic Chemicals, Pharmaceuticals and Cosmetics Export Promotion Council, which is popularly known as CHEMEXCIL. The Council is engaged in organising promotional events and fairs for helping exporters in identifying potential markets abroad and in providing publicity and marketing back-up.
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