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%).