Handicraft Items: Intro

One of the most profitable markets to investigate is exporting handmade goods. Despite the enormous potential, setting it up could be a little more difficult. But don’t worry—we’ll travel with you! Because of their exceptional quality, diversity, and beauty, handicraft goods are cherished all around the world. Due to the millions of people it employs, the export of Handicraft Items from India is a key component of our economy. With over 67,000 business owners producing handcraft items for export in India, the industry is widespread throughout the country.

Year-round, more than seven million local craftspeople create goods for export. Both domestically and internationally, their incredible craftsmanship is in high demand. However, before exporting Rajasthani Handicrafts, businesses must comply with several tariff laws, processes, and registrations.

Handicraft Items: Statistics

India exported handicraft items worth $3.5 billion in FY 2019–2020, and the value of exports split according to various segments are as follows:

Woodwares – $420.45 million

Embroidered or crocheted goods – $320.51 million

Miscellaneous – $517.68 million

Hand-printed textiles – $154.96 million

Imitation jewelry – $94.08 million

Art metal wares – $250.52 million

 

The Major Destinations for Exported Handicraft Items from India are as follows:

United States of America

United Arab Emirates

Germany

United Kingdom

France 

Latin American countries

Italy

Netherlands

Canada 

Australia

 

The two major categories under which the handicraft items from India fall are as follows:

 

Consumer goods for daily use

Decorative items 

 

While the former deals with utensils, cutlery, textiles, and other consumer goods that may be used in our day-to-day lives, the latter revolves around purely decorative showpieces. Additionally, the former are made all over the country using a variety of materials, including ceramics and even copper. However, the latter is a form of specialized art that requires very technical craftsmanship. 

Due to their uniqueness and exceptional beauty, handicraft items are in high demand all over the world. However, because it has grown over many rural communities across India, the sector is quite decentralized. Given that it employs millions of craftspeople on a full- and part-time basis, most economists consider the handicraft industry to be the second-largest sector in terms of employment creation (after agriculture).

If you want to launch an export company, the process may seem daunting. Be at ease; Vakilsearch can make everything simple for you. Additionally, leave it to us to handle things like trademark registration, GST registration, Udyog registration, and company incorporation. While we take care of them for you, concentrate on the crucial aspects of your company.