Amazon's Indian Exports To Hit $8 Billion Milestone This Year

E-commerce giant Amazon is on track to exceed $8 billion (₹65,823 crore) in cumulative exports from India by the end of 2023, The Economic Times reported. Through its Amazon Global Selling program, the company has reached 125,000 exporters, with over 1,200 of them crossing ₹1 crore in sales in 2022.

Amazon’s Global Selling Program

The Amazon Global Selling program aims to provide Indian exporters with the same tools and support that domestic sellers enjoy in their respective international markets. The company is also maintaining its target of $20 billion (₹1.65 lakh crore) in Indian exports by 2025, doubling the previous target.

See Also: Rice To Join Tomatoes In Price Surge Amid Weather And Policy Shifts: Report

Exporter Demographics: States like Maharashtra, Delhi, Gujarat, Rajasthan, and Uttar Pradesh had the highest number of exporters in 2022. Many exporters also hailed from tier 2 cities and beyond, including Haridwar in Uttarakhand, Kolhapur in Maharashtra, and Tiruvallur in Tamil Nadu. Twenty-five cities in India saw cumulative exports cross $10 million last year.

Popular Product Categories: Toys saw the greatest growth among all product categories, witnessing over 50% growth year on year, followed by kitchenware at over 35%, beauty at over 25%, and luggage at over 20%. Products in categories such as leather goods and apparel are also gaining wide acceptance.

Read Next:  Adani Group Promoters Likely To Cut Down Stakes Even Further To Shore Up Cash

Hi, I am the Benzinga Newsbot! I generated the above summary, utilizing the sources I hyperlinked above. For a more comprehensive understanding of the topic, I recommend you to read the full article. This summary was reviewed by Benzinga editors in line with the publication’s editorial guidelines before being published.

Market News and Data brought to you by Benzinga APIs

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: NewsRetail SalesSmall BusinessAmazon India