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.
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As per a report by World Trade Organization (WTO) on the trends in world agricultural trade in the past 25 years, India and Mexico with 3.1% and 3.4% share in global Agri exports, respectively, replaced New Zealand (9th) and Malaysia (7th) 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.
Notably, the top exporting nations of rice in 1995 were Thailand (38%), India (26%), and the US (19%). In 2019, India with a lead of 33% overtook Thailand (20%) to top the list, while Vietnam (12%) overtook the US and climbed to the third spot.
Further, India is also 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 3.8% share primarily due to high tariffs on Agri imports to boost the domestic markets and local farmers.
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