India Agricultural exports hit record high $50B in 2022

 According to the India import export data reports, India’s agricultural exports had seen a significant growth in the financial year 2022. In 2022, India’s agricultural exports hit a record high of 50 billion US Dollars. There was around 19% increase in agricultural exports from India as compared to the last year (25 billion US Dollars).

Our India export data suggests that basmati rice and sugar were the two major agricultural exports from India worth 25.81 billion US Dollars in 2022. As India exports by country data, the United States, Bangladesh, China, United Arab Emirates, Indonesia, Vietnam and Saudi Arabia were the major importers of Indian agricultural commodities.

In this blog, you will get a detailed analysis of the top Agricultural exports from India in 2022.

Top Agricultural exports

Rice

India is the world's leading rice exporter with 21 million metric tons exported every year. Indian rice exports grew by 3.5% as compared to the financial year 2021. Indian basmati rice has a huge demand in the international market. As per the India customs data, the total rice exports will be 9.6 billion US Dollars in 2022. 

Around 4 million metric tons of basmati rice and 17 million metric tons of non-basmati rice were exported from India. The United States, United Arab Emirates, Netherlands, China and Saudi Arabia were the top importers of Rice from India. Indian rice exports could grow by 5% in 2023 as predicted by the experts.

Sugar 

India is the world's second largest exporter after Brazil. Sugar was the second largest exported agricultural export from India. Sugar exports from India were record high in 2022 with worth 4.60 billion US Dollars as compared to 2.8 billion US Dollars in 2021. Indonesia, Malaysia, Sudan and Bangladesh were the major importers of Indian Sugar.

Wheat

Amid the Ukraine-Russia crisis, the demand for wheat soared in the global market. According to the India trade data, Indian wheat exports grew at the rate of 4% in 2022. The wheat exports worth was around 1.5 billion US Dollars in 2022 as compared to the 1.45 billion in 2021. Bangladesh, Nepal and the United Arab Emirates are the fastest growing markets for Indian wheat.

Cotton

India comes second after China in terms of global cotton exports. In 2022, Cotton was the fourth largest exported agricultural product from India. As per the latest India shipment data, Indian cotton exports recorded 4.3 billion US Dollars. While, it was around 2.8 billion US Dollars in 2021. The top importing markets for Indian cotton were Bangladesh, CHina and Vietnam. 

Cashew Nuts & Spices

Cashew Nuts and Spices were the fourth most exported commodities from India. In the fiscal year 2022, Cashew nuts exports were 345 million USD as compared to 260 million USD in 2021.On the other hand, spices exports from India slowed down in 2022. It was around 2.85 billion dollars in 2021 while it came down to 2.7 billion dollars in 2022. 

According to the India import data reports to global countries, The United Arab Emirates, United Kingdom, Indonesia, Vietnam and the Netherlands are the top cashew nuts and spices exports markets.

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