India Agricultural exports hit record high $50B in 2022

india agricultural exports data

 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.


Analyze market risks, demand and supply in the global agricultural market through Exim GTIS


Global Agricultural market is a very fragile market. It changes frequently as per the international demand. If you are an agribusiness, then it is very important to keep a track of the latest happenings in the Agricultural market. Through Exim Global Trade Intelligence Platform, you can keep a track of latest trends, demands, financial risk, supply chain, price forecasts and growth opportunities in the global market.


You can analyze the global demand for your product and evaluate pricing through Exim GTIS import export data reports of 200+ countries. Also, it has a global companies directory that allows you to find verified buyers and suppliers of fertilizers, pesticides, agricultural implements etc. It can double your agribusiness growth by providing genuine leads. 


Adhere to the data based business approach and make better decisions as compared to your competitors. Revamp your agribusiness with Exim Global import export data provider company.

--------------------------------------------------------------------

Visit here for short discription : https://www.quora.com/profile/Vane-Sight/Which-Agricultural-Goods-India-has-exported-the-most-in-2022

Comments

Post a Comment

Popular posts from this blog

Global Washing Machine Market Updates 2021

Image
A washing machine is an electronic gadget that is used to wash clothes. In today's time, washing machines are widely used and become an essential need for every home.   washing machine wash clothes without any physical effort. They have the capability to wash any type of clothes.   As per the market intelligence report of the global import export data provider , If we talk about the global washing machine market growth then we see that in the current fiscal year 2022, the global washing machine market reaches $50 Billion US Dollars.   Acquire the global washing machine market updates for 2021 and examine the global commerce market and boost your product sales.   Due to the high demand for washing machines, big investors are investing their money in the global washing machine market.  At the current time, washing machine manufacturers are manufacturing innovative products that reduce carbon dioxide emission and saves electric power  ...
Read more

India's Agricultural Exports to Russia hit $48 M in February

Image
  For the financial year 2022, India and Russia trade hit 30 billion US Dollars. The trade is mostly dominated by Russian exports. According to the India customs data directed from Russia, Imports from Russia were around 27 billion US Dollars in 2022. Crude oil exports from Russia grew significantly over the years especially after the Ukraine. Crude oil imports grew by 27% in the fiscal year 2022. It covers over 85% of total India's exports worth over 13 billion US Dollars in 2022. Other Crude Oil exporters to Russia were Iraq and Saudi Arabia. While our India import export data records reflect that India's exports to Russia were estimated to be 3 billion US Dollars in 2022. These mainly include agricultural goods, engineering goods, pharmaceuticals, chemicals, tea, coffee and marine products. Agricultural exports to Russia had seen a rapid growth of 48 million US Dollars as compared to 37 million US Dollars in 2021. As per India export data , Pharmaceuticals and electronics ...
Read more