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How to Export Best Plastic Products from India to Indonesia 2024?

26-Dec-2023

International trade provides several opportunities for businesses to expand their reach and enter new markets in today's globalized economy. If you want to export plastic products from India to Indonesia, you must first understand the complexities of the export process to ensure a smooth and successful transaction. This helpful blog will walk you through the essential procedures involved in exporting plastic items and provide vital, plastic export statistics to assist you in navigating the complexity of international trade.

Understanding the Plastic Export Market in India 

Before commencing the export process, it is critical to undertake extensive market research in order to understand the demand for plastic products in Indonesia. Determine potential buyers, research market trends, plastic HS Codes and evaluate the regulatory environment. Consider Indonesian culture and business traditions as well to customize your approach accordingly.

The Indian plastics market is one of the country's most important economic sectors. The Indian plastics industry began in 1957 with the manufacturing of polystyrene. Between April and September 2022, total plastics exports were $6.38 billion as per plastic exports data. However, the exports of plastic raw materials, medical goods, and pipes and fittings climbed by 32.3%, 24.8%, and 17.9%, respectively, over the same period last year.

According to plastic exporter data, the plastics and related materials exports reached US$ 13.34 billion during 2021 and 2022. This is a 33.4% increase over the 2020–21 exports of US$10 billion. Plastic raw materials were:

  • The most exported category

  • Accounting for 30.7% of total exports in 2021-22

  • A 26.5% increase over the previous year 

Plastic Export Statistics from India to Indonesia: 

Plastic exports from India to Indonesia are robust! Plastic product exports from India to Indonesia reached a remarkable 103,900 in 2023, supported by 2,890 Indian exporters serving 2,890 Indonesian clients, according to India’s plastic export data. Because of this vigorous trade, India is not only a significant provider of plastic items to Indonesia but also the world's third-largest exporter overall.

With 35 million shipments, Vietnam presently leads the worldwide plastic product export market, followed by China with 27 million. However, India is hot on their tail, taking third place with 17.8 million exports based on plastic scrap export.

When it comes to the main product categories in this growing commerce, HSN codes 87089900, 87082900, and 39269099 stand out. While the specifics of these codes need to be investigated further, their prevalence implies a high demand for specific kinds of plastic products in the Indonesian market.

Overall, the plastic scrap export data shows that India's plastic exports to Indonesia are growing, positioning the country as a vital player in both regional and global plastic trade. This sector holds enormous promise for both Indian exporters and Indonesian consumers, with additional investigation of the top product categories and possible future growth.

Which Plastic Products Are Exported from India?

Plastic exports from India are diverse and growing, with raw materials, films, woven bags, and tarps leading the way. India boasts 30.7% of its plastic exports in the form of raw materials, providing the foundation for a diverse range of plastic products globally.

During the 2022–23 financial year, medical plastics, plastic films and sheets, plastic pipes and fittings, FRP and composites, packaging goods, cordage fishnets, monofilaments, and miscellaneous products had significant growth. According to Indian plastic export data, the total exports for April and May 2022 increased 2.6% year on year to US$ 2,173 million. Also, if you need a list of plastic products exported from India, you can connect with our platform anytime. 

India's Plastic Product Export Destination

India exports plastic to almost 200 countries worldwide. According to Indian export and import data, the top five users and importers of houseware products are the United States, Germany, Japan, the United Kingdom, and France. According to plastic import data, India primarily exports plastic and associated items to the United States, China, the United Arab Emirates, Germany, Italy, the United Kingdom, Bangladesh, Nepal, Turkey, France, Vietnam, and Indonesia.

In 2021–22, the absolute value of exports to the United States, the largest buyer of Indian plastics, was valued at US$2,430.8 million. According to India Trade Data, China is India's second-largest customer of plastic export items, with an absolute value of US$883.5 million. In 2021–22, the United States and China accounted for 18.21% and 6.62% of global plastic exports, respectively.

Steps to Export Plastic Products from India to Indonesia

Plastic product export from India to Indonesia can be a complicated procedure, but with appropriate planning and preparation, it can be a profitable business. Here's a breakdown of the main steps:

1. Research and Identify Opportunities:

  • Product Selection: Firstly, analyze the Indonesian market for certain plastic items that are in high demand and have profitable margins. Concentrate on products that are not commonly available in Indonesia or on providing excellent quality at competitive costs. Consider import rules in Indonesia, environmental concerns, and possible competitors.

  • Market Research: Conduct extensive research on possible Indonesian buyers. To locate appropriate importers and distributors, use tools such as trade groups, market research papers, and online trade platforms such as ExportImportData.in.

2. Understand Regulations and Licenses:

  • HSN Code: Determine the appropriate Harmonized System Nomenclature (HSN) code for your product. This code is used to categorize items for international trade and is essential for computing tariffs and taxes.

  • Export Licenses: Depending on the commodity, you may require export licenses from India's Directorate General of Foreign Trade (DGFT). For assistance, use the DGFT website or a customs broker.

  • Indonesian Import Regulations: Learn about Indonesian import limits and restrictions on plastic products. Specific labeling standards, environmental certifications, or import limitations are examples of these.

3. Prepare Documentation and Certifications:

Documentation that is accurate and comprehensive is vital for successful international trading. The following documentation is required for exporting plastic products from India to Indonesia:

  • Commercial Invoice: 

  • Bill of Lading: 

  • Packing List: 

  • Certificate of Origin: 

  • Additional Certifications: 

4. Find Reliable Logistics and Shipping:

  • Select a Freight Forwarder: A freight forwarder can handle your shipment's logistics, such as customs clearance, inland transit, and ocean or air freight.

  • Negotiate Shipping costs: Compare the costs and services provided by various shipping firms to identify the most cost-effective and dependable alternative.

  • Insurance: Consider insuring your package in case of damage or loss.

5. Establish Payment Terms and Secure Financing:

Payment Methods: To reduce financial risks, use secure payment methods such as Letters of Credit (LCs) or escrow services.

Financing options:  Financing possibilities include export credit guarantees and working capital loans from banks or financial institutions.

Conclusion:

Through careful planning and execution, exporting plastic items from India to Indonesia can be a profitable endeavor. You may successfully manage the difficulties of international trading by understanding the market, adhering to rules, and mastering the documentation process. To ensure a smooth export experience, work with knowledgeable individuals in the sector, stay up to date on legislative changes, and cultivate solid relationships with Indonesian partners. Your company may prosper in Indonesia's dynamic and rising market if you take the appropriate strategy. However, if you need plastic data for export plastic products, you can connect with ExportImportData.in and book a free live demo!

Frequently Ask Questions

Q1. Which Plastic Items Are Exported from India?

As per plastic export data, India exports a wide range of plastic items, including:

  • Primary and Secondary Plastic Forms: Polymers, resins, granules, pellets, sheets, films, tubes, pipes, rods, and fibres are examples of primary and secondary plastic forms.
  • Finished Plastic Products: Plastic bags, pouches, wraps, packaging materials, bottles, caps, closures, containers, cutlery, toys, furniture, building materials, automobile parts, and medical equipment are examples of finished plastic products.
  • Recycled Plastic Materials: Shredded debris, flakes, pellets, and completed goods created from recycled plastic are examples of recycled plastic materials.

Q2. Which Countries Import Plastic from India?

Based on plastic export statistics from India, these are the top export destinations: United States, European Union member states (Germany, the United Kingdom, France, and Italy), Japan, and South Korea. China, Vietnam, Thailand, Malaysia, Bangladesh, Nepal, and Sri Lanka are examples of developing countries. However, Middle Eastern countries include the UAE, Saudi Arabia, Oman, and Qatar.

Q3. Who Is the Main Exporter of Plastic?

Based on Indian plastic export data, China is the world's largest plastic exporter, followed by Germany, Japan, the United States, and Belgium. India is one of the top 15 plastic exporters in the world. 

Q4. Which Is the Largest Plastics Industry in India?

The Western and Southern areas of India dominate the plastics sector, with large plastics production hubs in Maharashtra, Gujarat, Tamil Nadu, Andhra Pradesh, and Karnataka. Furthermore, various industrial clusters specialising in plastic products may be found throughout the country.

Q5. How Can Exportimportdata.in Assist Me in Exporting from India?

ExportImportData.in offers various resources and services to help you export plastic from India and grasp the plastic export market in India:

  • Detailed Plastic Trade Data: Access comprehensive plastic exports data, including volume, value, HScodes,s destination countries, product categories, and importer details.
  • Industry Research Reports: Learn about industry trends, competitive analysis, and the best plastic products from India.
  • Buyer and Supplier Connect: Find potential buyers and suppliers for your plastic products from India through ExportImportData.in.

ExportImportData.in is a valuable tool for navigating the plastic export statistics, from market research to finding buyers and managing laws. Use our dashboard and services to make informed judgements and export your plastic products from India successfully.

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Export Import Data solutions is one of the best online import export websites in India that provides trade data services and trading business information. Currently, Export import data is the best import export data provider and market research companies in India.

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