Since its revolution in 9000 BCE in North-West India, Indian agriculture has consistently yielded a diverse array of raw materials, including vegetables, wheat, rice, meat, spices, pulses, fruits, cereals, and more. Over time, India transitioned from being a food importer to becoming a net exporter of agricultural commodities. Presently, India has recorded a remarkable growth of 105.54 billion in exports and 35.69 billion in imports.
In the realm of e-commerce, where a multitude of products is accessible at your fingertips, businesses have broadened their horizons, moving beyond fashion and groceries to encompass trade ventures. Notably, in FY 2022-23, India experienced a substantial 6.03% growth compared to the previous year in this domain.
Why should you consider digital B2B platforms for import and export?
Digital platforms unquestionably offer a wide spectrum of options and varieties, whether in the realm of fashion or food. In today’s fast-paced lifestyle, online shopping has become the preferred choice due to its time-saving advantages and the ability to compare products. In the context of import and export, digital platforms facilitate global connections, enabling you to sell your products at competitive price ranges.
However, the pertinent question is, “What are the key factors to consider when exporting agricultural products from India?” Let’s delve into it:
1. Market Research: Despite the abundance of options available, thorough research is imperative. Just as we conduct research for jobs, movie choices, shopping, or family event venues, identifying potential export markets requires a similar level of diligence. It helps in recognizing the potential buyers and sellers for required products. While importers can identify the demand of the product, exporters can find the global market with the needs of their products. Factors such as demand, competition, trade regulations, audience behavior, preferences, and country-specific requirements must be kept in mind during this research.
2. Quality Checks: Before making any purchase, we scrutinize product quality, including details like manufacture date, expiry date, originality, source, price, and trademarks. The same meticulousness applies to trade market research. To ensure that your agricultural commodities meet quality standards, you should verify product certifications such as ISO, HACCP, labeling, export and import procedures, and packaging, among other considerations. Different countries
have different quality standards and regulations and to compete in international markets, products must meet the specified needs, it is essential to check the quality of the product to avoid any legal and customs delays. High-quality products help in building customer trust and loyalty which is a basic requirement for any business to succeed in the competitive market.
3. Management and Authentication: These factors are critical for both businesses and consumers. Effective management of the import process includes quality control and inspection of the goods at various stages while authenticating the
demand for your products in the target market is essential for the export process. To avoid customs delays and fines, managing proper documentation such as invoices, bills, and declarations plays a critical role. Exporters must be well-versed in the documentation, regularization, license, and permit requirements for agricultural product exports from India, encompassing both compliance and non-compliance regulations, particularly from financial and legal perspectives.
4. Mode of Export: As the saying goes, “Proper planning today ensures success tomorrow.” Different modes of export have different cost structures and getting your product in a minimized operational cost is not only profitable but cost efficient. In some cases, market preference and location are factors that may influence the buyer while opting for a particular shipment option. This entails selecting the right transportation method, taking into account cost-effectiveness and reliability to export products. It aids in identifying and mitigating risks within the supply chain while ensuring that products are stored, handled, and shipped to minimize damage, spoilage, and loss.
5. Financial Planning: From launching a new business to purchasing products, meticulous financial planning is vital. When it comes to exporting products, it can be capital-intensive, making financial planning pivotal. This involves allocating resources, calculating production costs, packing, transportation, taxes, negotiating with international partners, and adhering to Indian trade regulations. Financial planning is a necessary strategy for successful exports from India as it often has irregular cash flows due to payment terms and currency variations. To remain competitive in the market while mitigating risks through strategies like hedging and insurance, financial planning plays a vital role.
Why choose Tradologie.com?
Tradologie.com, a prominent trading platform, offers a global reach for agro-exporters. It facilitates trade from enquiry-to-delivery and connects buyers and sellers for different agro-commodities from multiple countries and provides valuable market insights and tools to enable effective communication and negotiation.
Tradologie.com offers a transparent and standardized platform for international trade. Facilitating the entire trade process from negotiating trade to payment receipt, which ensures a hassle-free and seamless experience.
The platform currently has 70,000+ registered agricultural exporters and 600,000+ verified buyers where the sellers and buyers do not have to travel extensively to look for opportunities, and these numbers are growing on an everyday basis. It offers a secure payment process, including a letter of credit and payment in advance options, and aims to offer buyers and sellers alike a safe and secure platform. Not just this, but Tradologie.com also helps buyers connect with reputable agencies at the port to ensure the quality of the goods.
If you are looking for a platform where you can purchase goods in bulk without any hefty charges from the middlemen, then look no further. Tradologie.com will make it easier for you. The extensive list of varieties found here includes branded agricultural products and commodities like wheat, pulses, fruits, meat, rice, and much more.
Tradologie.com, a SaaS platform, takes care of everything – where sellers can list themselves and directly get in contact with 100+ country buyers to sell their products at a good market price. It not only helps buyers buy the product as per their budget but also helps the sellers expand their reach while ensuring risk mitigation.
To know more about Tradologie.com or for any inquiry, drop your query, and our dedicated experts will reach out to address all your queries.
