In today’s globalized world, the import-export business offers enormous opportunities for entrepreneurs to grow beyond local markets. Whether you’re interested in exporting Indian products abroad or importing global goods into India, starting an import-export business can be both profitable and exciting. If you’re a beginner wondering how to get started—this guide is for you.

Before diving in, it’s essential to understand what import-export really means:

• Importing means bringing goods or services into your country from abroad.

• Exporting means sending goods or services from your country to another.

This business requires knowledge of international trade laws, documentation, pricing, and logistics.

Success in this business begins with selecting the right product. Look for:

• Products in high demand internationally (like Indian handicrafts, spices, eco-friendly items)

• Goods that are unique to your region

• Items with good profit margins
  Do proper market research to identify your niche.

To start legally, you’ll need to:

1. Register your business name (as a sole proprietorship, partnership, or private limited company)

2. Get a PAN card for your business

3. Open a current account in your business name

4. Register for GST (if applicable)

An IEC code issued by the Directorate General of Foreign Trade (DGFT) is mandatory for any import-export business in India. It’s a simple, one-time registration process done online.

• Attend trade fairs or exhibitions

• Use online platforms like Alibaba, IndiaMART, or Global Sources

• Join export promotion councils and chambers of commerce

Establishing trust and communication with suppliers and buyers is crucial for long-term success.

You must decide on:

• Mode of transport (Air, Sea, or Road)

• Incoterms (International Commercial Terms) like FOB, CIF, etc.

• Hiring a Customs House Agent (CHA) for smooth clearance of goods
  Choose a reliable freight forwarder to handle documentation and shipping.

Key documents required include:

• Commercial Invoice

• Packing List

• Bill of Lading/Airway Bill

• Certificate of Origin

• Insurance Certificate

• Letter of Credit or Payment Terms Agreement

Ensure compliance with both Indian and international trade regulations.

Safe and common payment options include:

• Advance payment

• Letter of Credit (LC)

• Document Against Payment (D/P)

• Open account (for trusted buyers)

Choose a method that balances security and convenience.

• Build a professional website (like Garudaa Exim)

• List your products on B2B marketplaces

• Use LinkedIn and other social media platforms to connect with global buyers

• Offer samples or low MOQs initially to build trust

Starting an import-export business may seem complex at first, but with the right guidance and planning, it can be a highly rewarding venture. Focus on quality, build strong relationships, and stay updated with market trends and policies.

If you’re passionate about global trade, the world is your marketplace.