India’s Farm Exports Surge and Farm Imports Also Increased in 2021

14 May 2022
India Import Export Data

India’s agricultural exports reached US$48 billion in 2021, while agricultural imports also increased and stood at US$26 billion. The agricultural trade surplus of US$9.5 billion was reported last year. In fact, for the last three consecutive years, India’s agri exports and imports have risen. In exports, cereals, cotton, fish, and sugar were the major gainers, while in imports, cotton, and natural rubber reported an increase in the value of shipments in 2021. Here’s an in-depth data analysis of agricultural exports and imports.


India’s Agricultural Trade by Year


After a record jump in 2014, India’s agricultural export declined in 2015, 2016, and 2017 2017, and increased in 2018. Agri exports from India fell in 2019, and 2020, and rose considerably in 2021, and stood at US$48.1 billion. The table below shows trends of India’s farm exports and imports reported from 2014 to 2021.


Year

Export Value (US$ Million)

Import Value (US$ Million)

Trade Surplus (US$ Million)

2014

53,754

17,372

36,382

2015

38,747

23,025

15,722

2016

36,733

25,273

11,460

2017

37,388

29,939

7,449

2018

45,924

24,625

21,299

2019

38,590

25,887

12,703

2020

38,859

26,141

12,718

2021

48,189

38,679

9,510

 


India’s Top Agricultural Export Products


Cereals, fish, cotton, and sugar reported a major surge in export value in 2021. Other agricultural export categories that saw a rise in value were meat, animal or vegetable oils, edible fruits and nuts, and edible vegetables. See India’s top agricultural export products reported in 2020 and 2021.


Commodity

2020 (Value US$ Million)

2021 (Value US$ Million)

Cereals

10,715

13,017

Fish

5,689

7,178

Meat

3,311

3,662

Cotton

6,606

10,603

Sugar

2,910

5,157

Animal or Vegetable Oils

1,434

1,552

Edible Fruits and Nuts

1,505

1,634

Edible Vegetables

1,408

1,487

 


India’s Top Agricultural Import Products


India’s exports of agricultural products saw a surge in value whereas imports of agricultural commodities also reported an increase in the value of shipments. Fish, meat, cotton, natural rubber, animal or vegetable oils, edible fruits and nuts, edible vegetables, and coffee reported a rise in imports in 2021. Below given chart shows the dollar amount of these import categories recorded in 2020 and 2021.


Commodity

2020 (Value US$ Million)

2021 (Value US$ Million)

Fish

123

146

Meat

3

5

Cotton

472

741

Natural Rubber

661

1,136

Animal or Vegetable Oils

17,538

28,684

Edible Fruits and Nuts

3,235

3,805

Edible Vegetables

1,647

2,147

Coffee

795

894

 


Prospects


The Russian invasion of Ukraine has brought new opportunities for India to supply agricultural products to the countries that were dependent on Russian and Ukrainian food products. There are expectations of the country’s wheat and even maize exporters filling, at least partly, the void left by the two warring breadbasket nations. However, those opportunities may be engulfed due to severe heatwave conditions that could damage the wheat crop particularly. The overall prospects for agri-exports hinge largely on the monsoon.


All in all, the year 2022 could be more challenging for Indian agricultural trade, notwithstanding high international prices that are normally favourable for exports while keeping imports in check.

Is this article helpful. Share with others!   

Add Comments


Request a Demo close modal

Get global trade data online at your fingertips!

Copyright © 2021 Export Genius. All rights reserved
//