India's Agriculture Trade (Summary for 2020-21): * After rema | ECONOMY by VIVEK SINGH

India's Agriculture Trade (Summary for 2020-21):

* After remaining stagnant for the past three years ($ 38.43 billion in 2017-18, $ 38.74 billion in 2018-19 and $ 35.16 billion 2019-20), the export of agriculture and allied products during 2020-21 jumped to $ 41.25 billion, indicating an increase of 17.34%.

* India’s agricultural and allied imports during 2020-21 are $ 20.67 billion. Despite COVID-19, balance of trade (exports minus imports) in agriculture in 2020-21 is $ 20.58 billion.

* Largest markets for India’s agriculture products are USA, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and Malaysia.

* Among the key agriculture commodities exported from India were marine products, rice, buffalo meat, spices etc.

* The organic exports during 2020-21 were $ 1.04 billion as against $ 0.69 million in 2019-20, registering a growth of 50.94%.Organic exports include oil cake/ meals, oil seeds, cereals and millets, spices and condiments, tea, medicinal plant products, dry fruits, sugar, pulses, coffee etc.