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:
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.