Overview

India’s export market for woven carpets (HS Code 5702) has shown remarkable growth, with a CAGR of 7.68% from2016 to 2023. This upward trajectory reflects India’s reputation for blending traditional craftsmanship with modernproduction techniques. The USA is India’s top importer, accounting for a significant share, with exports growingat an impressive CAGR of 11.71%. Germany and Australia follow as key destinations, highlighting India’s diversemarket reach. The growth is underpinned by India’s ability to produce high-quality, cost-competitive carpets thatcater to various aesthetic preferences and durability standards.India stands out globally as a major

exporter of woven carpets, thanks to its skilled artisans and unique designsrooted in cultural heritage. With exports to the USA surging to an estimated $455.4 million in 2023, the marketremains robust. To further enhance its position, India can focus on expanding to untapped markets,investing in sustainable production technologies,and promoting its eco-friendly carpets.Leveraging e-commerce platforms andenhancing branding for its handmadecarpets can also amplify its globalpresence. Strategic partnershipsand government-backedinitiatives will be pivotalin ensuring India’scontinued growth inthis segment.