Description
Context
- India has entered the top 10 list of the countries exporting agricultural produce in the year 2019 with a sizable share in the
export of rice, cotton, soya beans and meat – WTO Report on the trends in world agricultural trade in the past 25 years.
Key Statistics
- India with 3.1% share in global Agri exports, replaced New Zealand (9th) as the largest exporters across the globe.
- The United States of America (USA), which topped the list in 1995 with 22.2% share of world Agri export, was overtaken by the European Union (EU) in 2019 with 16.1% global Agri share.
- India is the third-largest cotton exporter (7.6%), and the fourth-largest importer (10%) in 2019.
- In the largest traded Agri product, soya beans, India (0.1%) has a meagre share, but was ranked ninth in the world.
- In the “meat and edible meat offal” category, India secured 8th rank in the world with a global share of 4%.
- India’s share of foreign value-added content in its Agri exports clocked 8% share primarily due to high tariffs on Agri imports to boost the domestic markets and local farmers.
Top 10 exporters and importers of agricultural products, 2019 (Billion dollars)
