India secures its spot in WTO’s top 10 list of agri produce exporters

Adani Agri Logistics

India has made into the top 10 list of agricultural produce exporters in 2019 with a sizeable share in the export of rice, cotton, soya beans and meat, according to a World Trade Organization (WTO) report on the trends in world agricultural trade in the past 25 years.

As per the report, in 2019, Mexico and India, with 3.4% and 3.1% share in global agri exports, respectively, replaced Malaysia (7th) and New Zealand (9th) as the largest exporters.

The US, which once in 1995 topped the list with 22.2% witnessed a fall in its share by 13.8% in 2019. The European Union with 16.1% took over the US in 2019. While Brazil maintained its ranking as the third largest exporter, increasing its share from 4.8% in 1995 to 7.8% in 2019. China climbed from the sixth spot in 1995 (4%) to fourth in 2019

Speaking of the top rice exporters, the report suggested that India India took over Thailand which topped the list in 1995. As per the report, Thailand (38%), India (26%) and the US (19%) in 1995, while in 2019, India (33%) overtook Thailand (20%), while Vietnam (12%) overtook the US to the third spot.

The top 10 exporters accounted for more than 96% of exports in both 1995 and 2019.

In 2019, India also became the third-largest cotton exporter (7.6%), and the fourth-largest importer (10%). This is a drastic turn of table for India as in 1995 it was not featured in the top 10 list.

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 was ranked eighth in the world with a 4% share in global trade.

The report further revealed, that India which was the seventh-largest wheat and meslin exporter in 1995, does not feature in the top 10 list in 2019.

However, India lagged behind as a value-added contributor to world agri exports. The Indian share of foreign value-added content in its agri exports was also low at 3.8% primarily due to high tariffs on agri imports to protect the domestic market.

Leave a Reply

Your email address will not be published. Required fields are marked *