2023
Exports
$772MWorld Rnk 1 / 147
Flag Rnk 110 / 1212
2023
PRODUCT COMPLEXITY IN Granite
-1.45Rnk 936 / 1025
2023
Imports
$16.1MWorld Rnk 18 / 199
Flag Rnk 787 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $772M in Granite, making it the 1st largest exporter of Granite in the world. At the same year, Granite was the 110th most exported product in India. The main destination of Granite exports from India are: China ($457M), United Kingdom ($72.5M), Maldives ($58M), Bangladesh ($30.4M), and Chinese Taipei ($25.7M).

The fastest growing export markets for Granite of India between 2022 and 2023 were Maldives ($8.98M), United States ($6.73M), and Algeria ($4.39M).

Imports In 2023, India imported $16.1M in Granite, becoming the 18th largest importer of Granite in the world. At the same year, Granite was the 787th most imported product in India. India imports Granite primarily from: Norway ($7.71M), South Africa ($1.64M), Brazil ($1.28M), Angola ($863k), and Madagascar ($571k).

The fastest growing import markets in Granite for India between 2022 and 2023 were Angola ($655k), Madagascar ($328k), and Portugal ($233k).

COMPANIES In 2023, leading companies such as Bedrosians Tile & Stone (58), The Tile Shop (4), and LG Electronics (3) were at the forefront of shipping Granite from India to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For 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.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$772M
IMPORTS (2023)$16.1M
NET TRADE (2023)$756M

In 2023, India exported $772M in Granite. The main destinations of India exports on Granite were China ($457M), United Kingdom ($72.5M), Maldives ($58M), Bangladesh ($30.4M), and Chinese Taipei ($25.7M).

In 2023, India imported $16.1M in Granite, mainly from Norway ($7.71M), South Africa ($1.64M), Brazil ($1.28M), Angola ($863k), and Madagascar ($571k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Granite EXPORT MARKETS FOR India WERE (2022 - 2023):
Maldives$8.98M (18.3%)
United States$6.73M (58.8%)
Algeria$4.39M (28.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Granite BY India WERE (2022 - 2023):
China-$63.3M (-12.2%)
United Kingdom-$48.1M (-39.9%)
Chinese Taipei-$22.3M (-46.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Granite were:
In 2023, India's main importing competitors in Granite were:

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Trade Value of Granite by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $60.8M
TOP IMPORT POTENTIALBrazil+ $1.39M

Granite’s highest export potential is China. With an export gap of $60.8M.   Granite’s highest import potential is Brazil with an import gap of $1.39M.

See methodology.

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