Indonesia Import Data
02-May-2024
In today's globalized economy, traders have numerous options to broaden their reach and penetrate new markets through international trade. To guarantee a seamless and fruitful transaction, you must first comprehend the intricacies of the export procedure if you choose to export plastic products from India to Indonesia.
Indonesia's growing economy and substantial population present a lucrative market for Indian plastic product exporters. However, success in the export market requires careful planning and astute execution. In this informative blog, we will guide you through the necessary steps for exporting plastic products from India to Indonesia and provide valuable insights such as India export data, Indonesia trade data with India, and much more.
In Southeast Asia, Indonesia is one of India's main trading partners. As per Indonesia trade data, US$ 26.17 billion in bilateral trade in 2021–2022 and US$ 38.84 billion in 2022–2023, Indonesia is India's second-largest commercial partner in the ASEAN area. Since 2005–06, commerce between the two nations has increased more than nine times (to US$ 4.3 billion).
It is essential to do in-depth market research to determine Indonesia's demand for plastic products before starting the export procedure. Identify possible buyers, investigate market trends, evaluate HS codes, and assess the legal and regulatory landscape. Take into account Indonesian customs and business culture to tailor your approach appropriately.
Know Steps to export plastic products from India to Indonesia
India exports a lot of plastic to Indonesia! According to India export data, the country's exports of plastic products to Indonesia reached a phenomenal 103,900 in 2023, fueled by 2,890
Also, India is the third-largest exporter in the world overall and a major plastic product supplier to Indonesia due to this active commerce.
However, Vietnam currently leads the global market for plastic product exports with 35 million shipments, followed by China with 27 million. On the other hand, India is rapidly gaining ground on them, ranking third with 17.8 million plastic scrap exports.
Explore the Strategies for Successful Rubber Export from India
India exports a wide range of plastic products, with tarps, films, woven bags, and raw materials at the top of the list. 30.7% of India's plastic exports are raw materials, which are the basis for various plastic products sold worldwide.
Medical plastics
plastic films and sheets
plastic pipes and fittings
FRP and composites
packaging products
cordage fishnets
Monofilaments
other miscellaneous products
Thus, during the fiscal year 2022–2023, all of these plastic items experienced a significant increase. According to Indian exporter data, the overall shipments for April and May of 2022 increased 2.6% yearly to US$ 2,173 million. Furthermore, you may get a list of plastic products supplied from India by contacting our site at any time.
Also Read: India-USA Plastic Trade 2023
Here are a few key strategies to get you there:
Explore the Indonesian market for high-demand plastic items with healthy profit margins. Concentrate on products that are hard to find in your area or that you can sell for a reasonable price while maintaining excellent quality. Consider import values, importers details, exporters details, and possible exporting products from India or other nations. To comprehend Indonesia trade data, visit our website, such as IndonesiaTradeData.com
Investigate Indonesia's import laws for plastic goods in detail. These could include quotas, labeling specifications, and standards for product safety. Ensure your goods comply with all laws to prevent delays or fines at customs.
Find out if your plastic items require any special licenses or certifications. Origin certificates and certifications for quality control are typical prerequisites.
Carefully prepare all export documentation, such as bills of lading, packing lists, commercial invoices, and certificates of origin. Make sure all the details reflect the product descriptions and are correct.
Obtain any quality certificates that the Indonesian authorities may want. To ensure your products fulfill Indonesian standards, reputable third-party certification companies can assist.
It is also important for traders to obtain current and accurate market reports, such as India's exporter's data, Indonesia trade data, and the specific HS codes for plastic products. The IndonesiaTradeData platform provides actual shipment reports such as export values, shipping details, date of shipments, exporters list, importers list, and much more.
Join with a reputable goods forwarder who has previously handled shipments of plastic products to Indonesia. They can handle air or sea freight, interior transit, and customs clearance.
Find the most affordable and dependable shipping solution by comparing the prices and services various shipping firms provide. Try to work out a shipping price wherever you can.
So, Indian exporters of plastic products can successfully enter the Indonesian market and establish a profitable export enterprise by implementing these strategies.
For Indian exporters, the Indonesian market for plastic products offers a substantial opportunity. Establishing robust logistics, ensuring regulations are followed, conducting thorough market research, and maybe implementing eco-friendly methods can all help build the foundation for a successful export company. You can effectively negotiate the export process and establish yourself as a dependable supplier to the steadily expanding Indonesian market with commitment and strategic planning. However, if you need plastic data for exporting plastic products, you can connect with IndonesiaTradeData.com and book a free live demo!
