Chemicals Exports Touched $29.3 Billion In 2021-22

Chemicals exports have touched $29.3 billion in 2021-22

Chemicals exports have touched $29.3 billion in 2021-22 on account of wholesome efficiency in areas like agrochemicals, dyes and speciality chemical substances, the commerce ministry mentioned on Wednesday.

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India is the sixth-largest producer of chemical substances on the earth, third in Asia and 14th in exports.

"Today, India leads in dyes production and contributes 16-18 per cent to the world's dyestuff exports. Indian dye is exported to over 90 countries," the ministry mentioned in an announcement.

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The main export locations are the US, China, Turkey, Russia and North-East Asian Countries (China, Hongkong, Japan, Korea RP, Taiwan, Macao, Mongolia), it added.

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"This export growth has been achieved in spite of unprecedented logistical challenges like high freight rates, container shortages, etc. The increase in chemical products exports has benefitted small and medium exporters from Gujarat, Maharashtra, Karnataka, Tamil Nadu and Andhra Pradesh," it famous.

Over the years, the trade has been modernising by new molecules, improvements in know-how, product profile, and deal with high quality, it mentioned.