Indonesia was the largest market for Indian agri products
Exports of agriculture and allied products, including marine and plantation products, reached US$41.25 billion during 2020-21, an increase of 17.34% on the year, Department of Commerce Secretary Dr Anup Wadhawan told media on 10 June 2021.
the sector exports was stagnant for the past three years, US$38.43 billion in 2017-18, US$38.74 billion in 2018-19 and US$35.16 billion 2019-20.
In Rupee terms, the export was Rs.3.05 lakh crore in 2020-21, an increase of 22.62% from Rs.2.49 lakh crore in 2019-20.
Agricultural and allied imports was2020-21 are US$20.67 billion in 2020-21 and US$20.64 billion 2020-19.
Despite COVID-19, balance of trade in agriculture has improved by 42.16% to US$20.58 billion from US$14.51 billion.
Largest markets for India’s agriculture products are USA, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and Malaysia. Exports to most of these destinations have registered growth, with highest growth being recorded for Indonesia (102.42%), Bangladesh (95.93%) and Nepal (50.49%).
Huge growth has been seen in export of cereals with export of non-basmati rice growing by 136.04% to US$4,794.54 million; wheat by 774.17% to US$549.16 million; and other cereals (Millets, Maize and other coarse gains) by 238.28% to US$694.14 million.
Other agricultural products, which registered significant increase in exports, as compared to 2019-20, were oil meals (US$1,575.34 million – growth of 90.28%), sugar (US$2,789.97 million – growth 41.88%), raw cotton (US$1,897.20 million – growth 79.43%), fresh vegetables (US$721.47 million – growth 10.71%) and vegetable oils (US$602.77 million – growth 254.39%). #exports #agriculture #markets /fiinews.com
