Exports - Agricultural & Allied Products

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Source: CMIE Economic Outlook, 1 Finance Research

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What does the Exports - Agricultural & Allied Products data represent?

This data represents the value of agricultural products and related goods (dairy, meat, and fisheries) exported from a country over a specific period.
India exports 40% of the Agricultural & Allied Products to Asia, while the US's share is the highest (~17%) amongst countries.

Agricultural exports contribute significantly to a country's economy, bringing in foreign exchange and enhancing the importance of the agriculture sector.
This data is crucial for understanding the global demand for India's agricultural products and the sector's contribution to the national economy.
It reflects the competitiveness, quality, and diversity of agricultural products in the international market. A wide range of exported products indicates a robust and diverse agricultural sector.
Global demand patterns for specific agricultural products can guide production and marketing strategies and also to balance the internal and external demand for agricultural products.
The volume and value of exports can be influenced by trade policies, international agreements, and tariffs, making this data crucial for necessary policy formulation.

Higher exports reflect surplus domestic production and also rising demand from the importing countries.
High export volumes can lead to increased incomes for farmers and provide incentives for adopting improved agricultural practices.
Historical trends in agricultural exports help to analyse changes in global demand, market preferences, and the competitive position of the country's agricultural sector.
The impact of external factors such as global market conditions, trade policies, currency exchange rates, and international trade agreements on agricultural exports.
Higher exports despite high domestic consumption may lead to higher inflation in those commodities.