India's Top Five Agricultural Exports

Credit: PIB

India stands as a prominent figure in global agriculture, with its diverse climate and fertile lands enabling the cultivation and export of a wide array of agricultural products.  Agricultural exports from India increased from USD 22.70 billion in 2013-14 to USD 48.15 billion in 2023-24. Below is an overview of India's top five agricultural exports, accompanied by a flowchart illustrating the export distribution.

India's Top Five Agricultural Exports:

1. Marine Products

Leading India's agricultural exports are marine products, which amassed an export value exceeding ₹610 billion in FY 2024. This category includes a variety of seafood such as shrimp, fish, and mollusks, catering to high demand in markets like the USA, Japan, and Southeast Asia.

2. Basmati Rice

Renowned for its distinct aroma and long grains, basmati rice secured an export value of approximately ₹264.15 billion in FY 2024. Major importers include Middle Eastern countries, the USA, and European nations.

3. Non-Basmati Rice

Non-basmati rice varieties contributed around ₹456.5 billion to India's export earnings in FY 2024. These varieties are favored in African countries, Nepal, and Bangladesh due to their affordability and versatility.

4. Spices

India's rich heritage in spice cultivation is reflected in its spice exports, which reached a significant export value in FY 2024. Key spices such as turmeric, cumin, and coriander are in high demand globally, especially in the USA, Vietnam, and China.

5. Sugar

The sugar industry marked its presence with exports valued at ₹343.48 billion in FY 2024. Primary destinations for Indian sugar include Indonesia, Bangladesh, and Sudan.

 

Distribution of India's Top Agricultural Exports (FY 2024)

Note: The percentages are illustrative and based on export values.

This flowchart provides a visual representation of the proportionate distribution of India's top agricultural exports for the financial year 2024.

India's strategic initiatives, including the removal of the floor price for basmati rice exports, have bolstered its position in the global market. Such policies, coupled with favorable monsoon seasons, have enhanced production capacities, enabling the country to meet international demand effectively.

In conclusion, India's agricultural export landscape in 2024 reflects a robust and diversified portfolio, with marine products, various rice varieties, spices, and sugar leading the charge. Continuous policy support and quality enhancement are poised to further strengthen India's footprint in the global agricultural market.

Source: PIB, Statista