India’s Agriculture Exports Touch A Historic High of US$ 50 Billion

India’s agriculture exports (including marine and plantation goods) have surpassed US$ 50 billion in 2021-22, the highest ever for agriculture exports. Agricultural exports increased by 19.92% to US$50.21 billion in 2021-22, according to preliminary estimates issued by DGCIS. The growth rate is impressive because it exceeds the 17.66% growth rate of US$ 41.87 billion obtained in 2020-21. This was achieved despite extraordinary logistical obstacles such as high freight prices, container shortages, and so on.

Rice (US$ 9.65 billion), wheat (US$ 2.19 billion), sugar (US$ 4.6 billion), and other cereals (US$ 1.08 billion) have all experienced record exports. Wheat production has increased by more than 273% in value, nearly quadrupling from US$ 568 million in 2020-21 to reach US$ 2.12 billion in 2021-22. India now controls nearly half of the global rice market.

Exports of marine goods have reached a new record of US$ 7.71 billion. For the second year in a row, spice exports have surpassed US$ 4 billion, while coffee exports have surpassed US$ 1 billion for the first time.

The Department of Commerce and its many export promotion organisations, such as APEDA, MPEDA, and commodity boards, have worked tirelessly to achieve this goal. The Department of Commerce has made special efforts to provide direct export market connectivity to farmers and FPOs in order to ensure that farmers benefit from exports. A Farmer Connect Portal has been created to allow farmers, FPOs/FPCs, and cooperatives to communicate with exporters.