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The country, known for its rich cultural heritage and craftsmanship, has become a hub for imitation jewellery export. In this blog, we will explore the booming industry of imitation jewellery export from India and delve into the pivotal role that software plays in streamlining export operations.
Imitation Jewellery Export from India: A Glittering Success Story
India has a long-standing tradition of jewellery making, and this expertise has seamlessly translated into the imitation jewellery sector. The country's artisans skillfully craft imitation jewellery pieces that mimic the elegance of traditional and contemporary designs, catering to diverse tastes across the globe.
The export of imitation jewellery from India has witnessed remarkable growth, fueled by factors such as cost-effectiveness, skilled craftsmanship, and a vast range of designs. Indian exporters have successfully penetrated international markets, creating a niche for themselves in the global fashion and accessories industry.
The export of artificial jewelry from India reached 85.6 thousand units, facilitated by 2,199 Indian exporters to 5,668 buyers in 2023. Notably, India predominantly ships artificial jewelry to the United States, Spain, and the United Kingdom, securing its position as the world's second-largest exporter in this category.
In the global scenario, China leads as the largest exporter with 248,247 shipments, followed by India at 85,596 shipments, and Pakistan securing the third spot with 957 shipments. The three primary product categories for artificial jewelry exports from India are identified by the HSN codes 71179090, 71179010, and 71171990.
Software for Imitation Jewellery Export Report Creation: A Game-Changer
In the competitive landscape of global trade, efficient management and reporting are paramount for success. This is where advanced software solutions like SKY ERP Export Plus, come into play. Such software like SKY ERP Export Plus have become indispensable for businesses engaged in imitation jewellery export from India, offering a range of benefits that contribute to streamlined operations and enhanced decision-making.
The Future of Imitation Jewellery Export: Integrating Technology for Sustainable Growth
As the imitation jewellery export industry continues to flourish, the integration of technology is set to play a pivotal role in sustaining this growth. Exporters in India are increasingly recognizing the importance of software solutions not only for compliance and documentation but also for strategic planning and market analysis.
The adoption of artificial intelligence and data analytics in export software empowers businesses to make data-driven decisions. From identifying emerging markets to analyzing customer preferences, Sky ERP Export Plus provides valuable insights that can shape the future trajectory of imitation jewellery export from India.
Frequently Asked Questions:
1. What are the top three destinations for Imitation Jewellery exports from India in 2021-2022 (Apr-Nov)?
Top export destinations of "Imitation jewellery" from India in 2022:
USA with a share of 30% (47 million US$)
United Kingdom with a share of 8.29% (12.9 million US$)
Spain with a share of 7.95% (12.4 million US$)
(Source: trendeconomy.com)
2. Which is the predominant Indian port for exporting Imitation Jewellery?
Delhi Air Cargo stands out as the most prominent port for the export of Imitation Jewellery from India.
3. What is the estimated volume of Imitation Jewellery export from India in 2023?
India's overall exports (Merchandise and Services combined) in September 2023* is estimated to be USD 63.84 Billion.
4. What are the top three export categories of Imitation Jewellery from India?
The leading export categories for Imitation Jewellery from India are:
Imitation Jewellery Iron - Earrings
Assorted Fancy Items
Bangles - Imitation Jewellery