India :
- Indian agricultural exports Since its beginning with annual exports of USD 0.6 billion in 1987-88, proactive efforts by the Agricultural and Processed Food Products Export Development Authority (APEDA) have propelled agricultural exports to an impressive USD 26.7 billion in the fiscal year 2022-23. This journey of exponential growth is marked by expanding the export portfolio to over 200 countries, reflecting a commendable Compound Annual Growth Rate (CAGR) of 12%.
- In the fiscal year 2022-23, India’s agricultural exports surged to USD 53.1 billion, with APEDA contributing significantly, accounting for 51% of India’s Agri-exports. From April to December 2023, among the 23 Principal Commodities (PCs) in APEDA’s export basket, 18 experienced positive growth. Notably, 13 out of 15 major PCs, with exports surpassing USD 100 million in the previous year, demonstrated positive growth, with an average rate of 12%. Fresh fruits stood out, recording an impressive growth of 29%. Additionally, processed vegetables, miscellaneous processed items, Basmati Rice, and Fresh Vegetables witnessed substantial growth compared to the same period last year. Remarkably, India expanded its fresh fruits export presence, now serving 111 countries compared to 102 destinations the previous year.
- On its 38th Foundation Day on 13.02.2024, APEDA celebrated a remarkable journey of fostering agricultural exports, achieving significant milestones and unprecedented growth. Established in 1986 with the aim of promoting agricultural product exports, APEDA has emerged as a key player in elevating India’s agricultural exports to new heights.
- From April to November 2023, several key commodities saw substantial growth compared to the previous year, including Bananas (63%), Lentils (dried and shelled) (110%), Fresh eggs (160%), Kesar and Dasheri Mango (120% and 140%, respectively).
- During the April-December 2023 period, the export value of Basmati rice increased by 19%, reaching USD 3.97 billion compared to USD 3.33 billion the previous year. Concurrently, the export quantity experienced notable growth of 11%, rising from 31.98 lakh metric tons to 35.43 lakh metric tons within the same timeframe. Basmati rice found its top markets in Iran, Iraq, Saudi Arabia, the USA, and the UAE, solidifying its position as a major agricultural product in India’s export portfolio.