Why Agricultural Export is a Big Opportunity today?
With 49.6 billion USD in agricultural exports and a 20% annual growth, India’s fertile fields hold the potential to bloom into a global agricultural powerhouse.
Agricultural Export can be an extremely lucrative option!
Here’s 12 Reasons why you should consider venturing out in agricultural export field. If you can source it from your local farmer, we can help you selling it across the globe! Know about the Top 12 Countries by Agricultural Exports from India.
🇨🇳 China (₹ 16,000 Crore+)
- India’s agricultural exports to China, though modest, saw steady growth, exceeding $2 billion in 2022, a rise of over 7% from the previous year. 🇨🇳🇮🇳
- Spices, marine products, cotton, castor oil, and rice (excluding Basmati) topped the list, showcasing India’s diverse agricultural offerings.
- While challenges remain, expanding infrastructure and improved trade relations hold potential for further flourishing of agricultural trade between the two Asian giants. 🇨🇳🇮🇳
🇯🇵 Japan (₹ 6,400 Crore+)
- Despite fluctuations, India’s agricultural exports to Japan stand near $800 million, with recent upticks exceeding 5%. 🇯🇵🇮🇳
- Marine products, cashew nuts, spices, castor oil, and oil meals reign supreme, showcasing India’s seafood strength and diverse offerings. ️
- Ongoing efforts to streamline logistics and address Japanese regulations hold promise for further growth in this strategic market. 🇯🇵🇮🇳
🇰🇷 South Korea (₹ 24,000 Crore+)
- South Korea welcomes India’s agricultural bounty, importing over $3 billion worth in 2022, with a healthy annual growth of 14%. 🇰🇷🇮🇳
- Basmati rice, buffalo meat, spices, castor oil, and non-Basmati rice claim the top spots, highlighting India’s culinary exports and oilseed prowess. ️
- Expanding collaboration on plant health issues and trade agreements offer fertile ground for continued growth in this promising market. 🇰🇷🇮🇳
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🇫🇷 France (₹ 3,200 Crore+)
- France savors Indian agricultural delights, with exports exceeding $400 million and a steady annual climb. 🇫🇷🇮🇳
- Castor oil, marine products, oil meals, spices, and processed fruits & juices lead the pack, showcasing India’s diverse culinary and industrial offerings. ️
- Building on existing Free Trade Agreements and addressing European regulations promises further blossoming of this vibrant trade. 🇫🇷🇮🇳
🇩🇪 Germany (₹ 4,800 Crore+)
- Germany relishes Indian agricultural finesse, importing over $600 million, with consistent annual growth exceeding 5%. 🇩🇪🇮🇳
- Coffee, spices, oil meals, tea, and sesame seeds lead the pack, highlighting India’s rich flavors and oilseed strengths.
- Streamlining logistics and meeting stringent European standards hold the key to unlocking further potential in this important market. 🇩🇪🇮🇳
🇬🇷 Greece (₹ 3,200 Crore+)
- Greece’s taste for Indian agriculture is growing, with exports nearing $400 million and a promising annual upswing of over 7%. 🇬🇷🇮🇳
- Spices, bananas, rice (non-Basmati), meat (bovine and swine), and processed food products like bread and biscuits top the bill, showcasing India’s diverse culinary offerings.
- With focused efforts on logistics and cultural outreach, the Indian agricultural footprint in Greece is set for further delicious expansion. 🇬🇷🇮🇳
🇮🇹 Italy (₹ 4,000 Crore+)
- Italy savors Indian agricultural flavors, importing over $500 million, a testament to its steady growth of 5% annually. 🇮🇹🇮🇳
- Coffee, shrimps and prawns, rice, cuttlefish, and castor oil dominate the culinary scene, showcasing India’s diverse seafood and plant-based offerings. ☕️
- Enhanced trade agreements and improved logistics hold the promise for further blossoming of this rich culinary partnership. 🇮🇹🇮🇳
🇳🇱 Netherlands (₹ 16,000 Crore+)
- Dutch tables overflow with Indian agricultural goodness, with exports exceeding $2 billion and constant annual increases. 🇳🇱🇮🇳
- Grapes, rice (Basmati and non-Basmati), spices, fish and crustaceans, and castor oil reign supreme, highlighting India’s vibrant bounty. ️
- Streamlined logistics and shared commitment to sustainability pave the way for an even tastier future of Indian agricultural exports to the Netherlands. 🇳🇱🇮🇳
🇹🇷 Turkey (₹ 46,000 Crore+)
- Turkey welcomes Indian agricultural bounty, exceeding $6 billion in imports and boasting steady annual growth of 8%. 🇹🇷🇮🇳
- Wheat, barley, maize, rice (non-Basmati), and lentils lead the pack, showcasing India’s strength in staple grains.
- Addressing trade regulations and strengthening logistics offer fertile ground for continued flourishing of this dynamic trade partnership. 🇹🇷🇮🇳
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🇬🇧 UK (₹ 24,000 Crore+)
- The UK relishes Indian agricultural delights, importing over $3 billion worth in 2022, with an impressive annual growth exceeding 12%. 🇬🇧🇮🇳 This upward trend reflects the growing demand for Indian produce in British kitchens and supermarkets. 🇬🇧🇮🇳
- Top 5 exported products include spices ($524 million), Basmati rice ($388 million), tea ($231 million), oil meals ($194 million), and fresh fruits & vegetables ($138 million), highlighting the diverse range of Indian agricultural offerings savored by British consumers.
- Streamlining logistics, promoting cultural awareness of Indian cuisine, and addressing UK regulations hold the key to unlocking further potential in this vibrant market. 🇬🇧🇮🇳
🇺🇸 USA (₹ 44,000 Crore+)
- Indian agricultural exports to the US are on the rise, surpassing $5.5 billion in 2022 and enjoying a consistent annual growth above 10%. 🇺🇸🇮🇳 This upward trajectory reflects the growing demand for Indian produce in American markets.
- Top 5 exported products include mangoes ($692 million), spices ($627 million), cashew nuts ($538 million), Basmati rice ($419 million), and marine products ($382 million), showcasing the diversity and flavor of Indian agriculture.
- Streamlining logistics, addressing stringent US regulations, and leveraging platforms like e-commerce offer promising avenues for further growth in this key market. 🇺🇸🇮🇳
🇨🇦 Canada (₹ 11,000 Crore+)
- Canada’s appetite for Indian agricultural delights is growing, with imports exceeding $1.4 billion in 2021-22, marking a consistent upward trend. 🇨🇦🇮🇳
- Marine products ($148.59 million), Basmati rice ($70.83 million), and a symphony of spices ($55.42 million) lead the charge, showcasing the diversity of India’s agricultural offerings. ️
- With a trade surplus and ongoing efforts to improve infrastructure and trade relations, the future of agricultural trade between India and Canada looks bright and flavorful. 🇨🇦🇮🇳
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Why today is the best time to start an export venture?
While there’s never a singular “best” time for any venture, several compelling factors currently converge to make today an exceptionally opportune moment to launch into Indian agricultural exports:
- Global Food Crunch: The ongoing war in Ukraine has disrupted global food supply chains, creating heightened demand for reliable alternative sources. India, with its vast agricultural resources and diverse produce, is perfectly positioned to fill this gap.
- Government Push: Recognizing the potential, the Indian government has implemented numerous initiatives like the Agriculture Export Policy 2018, offering subsidies, simplified export procedures, and infrastructure development to boost agricultural exports.
- Rising Domestic Production: India’s agricultural production is on an upward trajectory, with record outputs in several key crops like rice, wheat, and pulses. This increased surplus creates a perfect breeding ground for export expansion.
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