Granite in 
India
2020 Exports | Imports : $747M | $19.7M, World Rnk 1 / 141 Rnk 71 / 1215 | World Rnk 17 / 190 Rnk 703 / 1207
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $41.3M | $537k, China | Italy
Exports In 2020, India exported $747M in Granite, making it the 1st largest exporter of Granite in the world. At the same year, Granite was the 71st most exported product in India. The main destination of Granite exports from India are: China ($427M), United Kingdom ($119M), Bangladesh ($37.8M), United States ($20.5M), and Algeria ($17.5M).
The fastest growing export markets for Granite of India between 2019 and 2020 were China ($41.3M), United Kingdom ($6.4M), and Algeria ($4.95M).
Imports In 2020, India imported $19.7M in Granite, becoming the 17th largest importer of Granite in the world. At the same year, Granite was the 703rd most imported product in India. India imports Granite primarily from: Norway ($11.5M), South Africa ($1.67M), Brazil ($1.41M), Ukraine ($1.16M), and Sri Lanka ($803k).
The fastest growing import markets in Granite for India between 2019 and 2020 were Italy ($537k), Sri Lanka ($137k), and Sweden ($106k).
Tariffs In 2019, the average tariff for India in Granite was 16.3%. The countries with the highest import tariffs for Granite were Angola (Most Favoured Nation duty rate treatement, 20%), Botswana (Most Favoured Nation duty rate treatement, 20%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 20%), Cameroon (Most Favoured Nation duty rate treatement, 20%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 20%).
Latest Trends
#permalink to sectionSubnational Monthly Trade
#permalink to sectionFor a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
The following visualization shows the latest trends on Granite. Countries are shown based on data availability.
* Using January 2020 exchange rates when trade data is reported in local currency.
Historical Data
#permalink to sectionTrade Balance
#permalink to sectionEXPORTS (2020): $747M
IMPORTS (2020): $19.7M
NET TRADE (2020): $728M
In 2020, India exported $747M in Granite. The main destinations of India exports on Granite were China ($427M), United Kingdom ($119M), Bangladesh ($37.8M), United States ($20.5M), and Algeria ($17.5M).
In 2020, India imported $19.7M in Granite, mainly from Norway ($11.5M), South Africa ($1.67M), Brazil ($1.41M), Ukraine ($1.16M), and Sri Lanka ($803k).
Net Trade
#permalink to sectionIN 2020, India HAD A POSITIVE NET TRADE IN Granite WITH:
- China , $427M ($427M - $19)
- United Kingdom , $119M ($119M - $3.66k)
- United States , $20.4M ($20.5M - $129k)
IN 2020, India HAD A NEGATIVE NET TRADE IN Granite WITH:
- Norway , -$9M ($2.51M - $11.5M)
- Brazil , -$1.4M ($5.8k - $1.41M)
- South Africa , -$1.23M ($443k - $1.67M)
Market Growth
#permalink to sectionTHE FASTEST GROWING Granite EXPORT MARKETS FOR India WERE (2019 - 2020):
- China, $41.3M (10.7%)
- United Kingdom, $6.4M (5.7%)
- Algeria, $4.95M (39.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Granite BY India WERE (2019 - 2020):
- Maldives, -$9.95M (-55.7%)
- Hong Kong, -$8.96M (-82.1%)
- Chinese Taipei, -$7.6M (-34.1%)
Market Concentration
#permalink to sectionIn 2019, India's main exporting competitors in Granite were:
In 2019, India's main importing competitors in Granite were:
- China , $626M
- United Kingdom , $154M
- Italy , $114M
Tariffs
#permalink to sectionTariffs by Country
#permalink to sectionIn 2019, the average tariff for India in Granite was 16.3%.
The countries with the highest tariffs for Granite in India were Angola (Most Favoured Nation duty rate treatement, 20%), Botswana (Most Favoured Nation duty rate treatement, 20%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 20%), Cameroon (Most Favoured Nation duty rate treatement, 20%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 20%).
