India Retains Eighth Position in Global Agricultural Exports
In 2023, India retained its position as the eighth-largest exporter of agricultural products globally, with exports totaling $51 billion, down from $55 billion in 2022. This decline occurred amid broader decreases in agricultural exports among leading countries due to geopolitical factors such as the Red Sea crisis and the Russia-Ukraine war, as well as India’s export bans on wheat, non-basmati rice, and sugar. Despite these challenges, the European Union, Brazil, and Thailand saw growth in their agricultural exports. The World Trade Organization (WTO) introduced a new interactive platform for analyzing international trade data, offering valuable insights into global trade trends. Moving forward, India needs to address geopolitical challenges, manage export bans effectively, and explore new markets to diversify its agricultural exports.
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