Tag - Exports

India’s Non-basmati rice exports grow by 109% since 2013-14 to USD 6115 million

India’s non-basmati rice exports witnessed an astounding growth of 109 % from USD 2925 million in FY 2013-14 to USD 6115 million in FY 2021-22.

India is the world’s second-largest rice producer after China. The record exports would enable the rice producers to reduce their stocks and would also benefit the farmers as the increased demand for Indian Rice is likely to improve their realizations.

As per DGCIS data, India exported rice to over 150 countries across the globe in 2021-22. India exported more than USD one million to 76 countries out of the 150 countries reported in 2021-22, It indicates the diversification of India’s rice export over the years.

Highlighting the historic achievement in a tweet, Union Minister for Commerce and Industry, Piyush Goyal tweeted, “India’s rice exports takes an astounding growth of 109%. Modi Govt. policies help farmers get access to the global market and also ensure food security.”

According to the DGCIS data, India had exported non-basmati rice worth USD 2015 million in 2019-20, which rose to USD 4799 million in 2020-21 and USD 6115 million in 2021-22.

Registering a growth of 27% in 2021-22, export of non-basmati rice was the top forex earner among all agri-commodities, at USD 6115 million.

West African country Benin is one of the major importers of non-basmati rice from India. Other destination countries are Nepal, Bangladesh, China, Cote D’ Ivoire, Togo, Senegal, Guinea, Vietnam, Djibouti, Madagascar, Cameroon Somalia,  Malaysia, Liberia U.A.E., etc.

In 2020-21, India shipped non-basmati rice to nine countries – Timor-Leste, Puerto Rico, Brazil, Papua New Guinea, Zimbabwe, Burundi, Eswatini, Myanmar and Nicaragua, where exports were carried out for the first time or earlier the shipment was smaller in volume.

The major rice producing states are West Bengal, Uttar Pradesh, Punjab, Tamil Nadu, Andhra Pradesh, Bihar, Chhattisgarh, Odisha, Assam, and Haryana.

As per Second Advance Estimates for 2021-22, the total production of Rice during 2021-22 is estimated at record 127.93 million tonnes, which is higher by 11.49 million tonnes than the last five years’ average production of 116.44 million tonnes.

However, as per second Advance Estimates for 2021-22, total food grains production in the country is estimated at record 316.06 million tonnes which is higher by 5.32 million tonnes than the production of food grain during 2020-21. Further, the production during 2021-22 is higher by 25.35 million tonnes than the previous five years’ (2016-17 to 2020-21) average production of food grains.

 

India’s sugar exports grow by 291% since 2013-14: Ministry of Commerce & Industry

India’s Sugar Exports saw a growth of 291% from USD 1,177 million in FY 2013-14 to USD 4600 million in FY 2021-22. As per DGCI&S data, India exported sugar to 121 countries across the globe.

Notably, India is the world’s second-largest sugar producer after Brazil.

Sugar export jumped 65 per cent in 2021-22 corresponding to previous year.

Highlighting the achievement, Union Minister for Commerce and Industry Piyush Goyal tweeted, “India’s Sugar Exports witness an astounding growth of 291%. Modi Government’s policies are helping farmers increase their income by tapping global markets.”

According to the DGCI&S data, India had exported sugar worth of USD 1965 million in 2019-20, which rose to USD 2790 million in 2020-21 and USD 4600 million in 2021-22.

According to a statement by the Ministry of Commerce & Industry, in 2021-22 (April-February), India has exported sugar worth of USD 769 million to Indonesia, followed by Bangladesh (USD 561 million), Sudan (USD 530 million) and U.A.E (USD 270 million).

“India also exported sugar to Somalia, Saudi Arab, Malaysia, Sri Lanka, Afghanistan, Iraq, Pakistan, Nepal, China, etc. Indian sweetener has also been imported by USA, Singapore, Oman, Qatar, Turkey, Iran, Syria, Canada, Australia, South Africa, Germany, France, New Zealand, Denmark, Israel, Russia, Egypt, etc,” read the statement.

“Uttar Pradesh, Maharashtra and Karnataka account for nearly 80 percent of the total sugar production in the country. The other major sugarcane-producing states are Andhra Pradesh, Gujarat, Madhya Pradesh, Odisha, Tamil Nadu, Bihar, Haryana, and Punjab,” the statement further stated.

Centre creates matrix for 50 agricultural products to help boost agri exports

As India’s agricultural exports crossed USD 50 billion for the year 2021-22, the central government has created matrix for 50 farm products to further boost shipments.

“We have also created products matrix for 50 agricultural products which have good scope for expanding our exports portfolios,” said M Angamuthu, Chairman, Agricultural and Processed Food Products Export Development Authority (APEDA).

APEDA which works under the Ministry of Commerce and Industry, has scripted a new history by exporting agricultural and processed food products to the tune of USD 25.6 billion, which is 51 per cent of the India’s total agriculture exports of USD 50 billion.

Besides, the APEDA has also surpassed its own export target of USD 23.7 billion for the financial year 2021-22 by registering shipment of USD 25.6 billion.

According to the DGCI&S data, export of rice was the top forex earner at USD 9654 million during 2021-22, growing 9.35 per cent from previous year when it touched USD 8829 million.

The export of wheat touched an all-time high at USD 2118 million in 2021-22, growing 273 per cent from 2020-21 when it touched USD 567 million, while other cereals registered a growth of 53 per cent in 2021-22 in compare to the previous financial year.

Export of pulses reported a growth of 34 per cent touching USD 358 million in 2021-22 from USD 265 million in 2020-21.

Dairy products grew over by 96 per cent standing at USD 634 million in 2021-22 from USD 323 million in 2020-21, while buffalo meat registered a growth of just 4 per cent as export of bovine meat increased from USD 3171 million in 2020-21 to USD 3303 million in 2021-22.

Export of poultry products rose to USD 71 million in 2021-22 from USD 58 million in the previous year and sheep/goat meat export is up by 34 per cent at USD 60 million in 2021-22 from USD 44 million in the previous year.

Fruits and vegetables exports were up by 12 per cent to touch USD 1676 million in 2021-22 against USD 1492 million in 2020-21, while processed fruits and vegetables exports were up by 7 per cent to reach USD 1202 million in 2021-22 against USD 1120 million in the previous year.

Exports of other processed food items grew by 34 per cent during 2021-22 to touch USD 1164 million against USD 866 million in 2020-21.

Floriculture products reported a rise of 33 per cent when it touched USD 103 million in 2021-22 from USD 77 million in 2020-21.

APEDA’s major exporting destination as per 2021-22 data are Bangladesh, UAE, Vietnam, USA, Nepal, Malaysia, Saudi Arabia, Indonesia, Iran and Egypt.

India overshoots export target; achieves USD 417.8 billion exports in 2021-22

Merchandise exports from India have reached USD 417.8 billion in the current financial year. This figure excludes the figures from non-EDI Ports and adding that, it is likely to exceed $418 billion, an all-time high in India’s export history.

India has achieved the highest monthly value of merchandise export in March 2022 amounting USD 40.38 billion, an increase of 14.53% over USD 35.26 billion in March 2021 and an increase of 87.89% over USD 21.49 billion in March 2020.

The exports have witnessed significant growth in non-petroleum goods also in April 2021-March 2022 which was USD 352.76 billion, an increase of 32.62% over USD 266.00 billion in April 2020-March 2021 and an increase of 29.66% over USD 272.07 billion in April 2019-March 2020.

Addressing a press conference here on Sunday, Minister of Commerce and Industry, Piyush Goyal said that India had truly gone from ‘local to global’ in response to the Prime Minister Narendra Modi’s call.

The Minister said that every Indian should be proud of the pace at which India is achieving ‘atmanirbharta’ while ensuring that every Indian benefits from this progress. He added that India has been able to achieve this spectacular target under the leadership of the Prime Minister.

Every sector of the economy, every farmer, every entrepreneur, every MSME and state governments worked together to achieve this lucrative goal, he said.

India’s diversified export portfolio in 2021-22 show India’s manufacturing abilities as well as growth in hi-tech goods, electronics and agricultural products.

Petroleum Products saw positive growth of 152.1 percent during April 2021-March 2022 over April-March 2020-21. Meanwhile, cotton yarn/fabrics/madeups, handloom products, etc., engineering goods and coffee also saw positive growth of 55.1%, 45.5% and 49% respectively.

Many other commodities also saw a huge growth which includes other cereals (52.2%), gems and jewellery (49.6%), man-made yarn/fabs/madeups etc.( 46.9%), , electronic goods (40.5%), jute mfg. including floor covering (36.2%).

Apart from diversified range of merchandise goods exported during 2021-22, India’s merchandise exports have also seen a significant increase to different countries, especially, developed countries. Exports to USA, UAE, Bangladesh, Netherlands, Singapore, Hong Kong, UK, Belgium and Germany grew by 46.4%, 66.9%, 64.5%, 90.5%, 26.8%, 7.8%, 28%, 90.4% and 21.1% respectively over April 2020- March 2021.

Union Minister Goyal said, notwithstanding the challenges posed by successive waves of Covid (2nd and 3rd wave), India’s merchandise trade performance has shown impressive growth and exports remained above USD 30 billion for twelve consecutive months during April 2021 to March 2022.

 

PM Modi congratulates farmers, MSMEs, weavers as India achieves target of $400 billion from exports

Prime Minister Narendra Modi on Wednesday took to twitter to laud farmers, MSMEs and exporters, as India achieved its target in the current fiscal of reaching $400 billion from exports.

For the first time, India had set a target of reaching $400 billion from exports, and the target has been achieved 9 days ahead of the schedule.

Prime Minister Narendra Modi described the landmark as a ‘key milestone’ in the Aatmanirbhar Bharat initiative.

“India set an ambitious target of $400 Billion of goods exports & achieves this target for the first time ever. I congratulate our farmers, weavers, MSMEs, manufacturers, exporters for this success. This is a key milestone in our Aatmanirbhar Bharat journey,” tweeted PM Modi.

Exports in 2021-22 reached $400 billion, compared to $292 billion in the previous fiscal year of 2020-2021.