India retains eighth position in Global Agricultural Exports

However, India’s agricultural exports dropped from $55 billion in 2022 to $51 billion. This decline happened during a time when many other leading countries also saw a decrease in their agricultural exports.

Out of the top ten agricultural exporting countries, only three saw growth in their exports in 2023: Brazil: Agricultural exports increased by 6% to $157 billion; European Union (EU): Agricultural exports grew by 5% to $836 billion and Thailand: Agricultural exports increased slightly by 0.2%, though it is not among the top three exporters.

India’s reduction in agricultural exports can be attributed to several geopolitical factors, such as:

• The Red Sea crisis and The Russia-Ukraine war

Despite a decrease in exports to $198 billion, the United States remains the second-largest agricultural exporter. China is the fourth-largest, with a slight decrease to $95 billion. Other significant countries in the top ten include Canada, Mexico, and Indonesia. Australia.

New WTO Trade Statistics Tool The World Trade Organization (WTO) introduced an interactive platform in its 2023 report for analyzing international trade data. This tool allows users to explore trends in world trade by value and volume, with options to filter by economy, region, and product group.