India has a diverse and robust export portfolio that showcases its rich agricultural heritage, manufacturing capabilities, and industrial strength. The fiscal year 2023-24 saw a vast array of commodities being exported from India, each contributing significantly to the economy. Here, we delve into the detailed export data and highlight the top five products that led the charge in boosting India’s export revenue.
1. Marine Products Marine products top the list of India’s exports, amounting to 18,19,663.54 metric tons and earning a whopping $7366.98 million. India’s long coastline and rich marine biodiversity make it a significant player in the global seafood market. Products such as shrimp, fish, and crab are in high demand worldwide, contributing massively to export revenue. The quality and variety of Indian marine products are renowned globally, making this sector a cornerstone of Indian exports.
2. Basmati Rice Basmati rice, synonymous with its distinctive aroma and long grains, is a staple export commodity. With exports totaling 52,42,511.00 metric tons and bringing in $5837.13 million, Basmati rice holds a prestigious place in global kitchens. Countries in the Middle East, Europe, and the United States are major importers of this fragrant rice. Its unique qualities and health benefits keep it perpetually in demand.
Click here for List of Major Basmati Rice varieties exporting from India
3. Non-Basmati Rice Following closely is non-basmati rice, with an export quantity of 1,11,16,713.00 metric tons and revenue of $4570.05 million. This variety of rice is essential in many cuisines around the world. Its versatility and affordability make it a popular choice, especially in African and Asian countries. The high export volume underscores its importance in the global food supply chain.
Click here for List of Major Non-Basmati Rice varieties exporting from India
4. Spices India’s reputation as the “Land of Spices” is well-earned, with spice exports reaching 14,15,230.67 metric tons and generating $4245.99 million. Indian spices like turmeric, pepper, cumin, and cardamom are celebrated for their superior quality and intense flavors. These spices not only enhance the taste of food but also offer numerous health benefits, further increasing their international demand.
5. Buffalo Meat Buffalo meat exports have also made a significant mark, with 12,95,601.00 metric tons exported, earning $3740.16 million. Indian buffalo meat is preferred in many countries due to its lean texture and nutritional value. The meat is primarily exported to countries in Southeast Asia, the Middle East, and Africa, where it is used in various traditional dishes.
| S.No | Product Name | Qty in Mt. | US$ Mill |
|---|---|---|---|
| 1 | Marine Products | 18,19,663.54 | 7366.98 |
| 2 | Basmati Rice | 52,42,511.00 | 5837.13 |
| 3 | Non-Basmati Rice | 1,11,16,713.00 | 4570.05 |
| 4 | Spices | 14,15,230.67 | 4245.99 |
| 5 | Buffalo Meat | 12,95,601.00 | 3740.16 |
| 6 | Sugar | 43,60,622.00 | 2822.25 |
| 7 | Oil Meals | 42,72,894.00 | 1712.28 |
| 8 | Misc Processed Items | – | 1652.22 |
| 9 | Coffee | 2,97,910.36 | 1285.54 |
| 10 | Fresh Fruits | 14,38,732.00 | 1145.24 |
| 11 | Cotton Raw Incld. Waste | 5,73,098.00 | 1115.49 |
| 12 | Castor Oil | 6,92,957.36 | 1070.66 |
| 13 | Tobacco Unmanufactured | 2,78,453.66 | 1051.3 |
| 14 | Processed Fruits & Juices | 7,03,982.30 | 970.93 |
| 15 | Fresh Vegetables | 26,86,175.00 | 890.57 |
| 16 | Groundnut | 6,80,688.00 | 860.7 |
| 17 | Cereal Preparations | 5,34,323.00 | 841.79 |
| 18 | Tea | 2,60,711.48 | 825.42 |
| 19 | Processed Vegetables | 4,45,516.86 | 652.42 |
| 20 | Ayush and Herbal Products | 1,06,320.47 | 650.53 |
| 21 | Pulses | 5,94,164.00 | 644.01 |
| 22 | Guargum | 4,17,691.00 | 541.65 |
| 23 | Sesame Seeds | 2,40,059.74 | 525.07 |
| 24 | Other Cereals | 15,96,680.00 | 517.65 |
| 25 | Dairy Products | 1,73,748.96 | 468.39 |
| 26 | Vegetable Oils | 2,13,467.00 | 421.85 |
| 27 | Tobacco Manufactured | – | 397.18 |
| 28 | Alcoholic Beverages | 2,67,917.59 | 388.93 |
| 29 | Cashew | 65,801.00 | 338.88 |
| 30 | Poultry Products | – | 184.58 |
| 31 | Cocoa Products | 36,242.03 | 183.54 |
| 32 | Milled Products | 2,56,456.38 | 172.54 |
| 33 | Mollases | 7,73,958.00 | 133.09 |
| 34 | Fruits / Vegetable Seeds | 16,977.46 | 131.73 |
| 35 | Floriculture | 19,792.58 | 86.63 |
| 36 | Sheep/Goat Meat | 11,027.00 | 78.05 |
| 37 | Shellac | 4,236.80 | 67.84 |
| 38 | Wheat | 1,88,284.00 | 56.66 |
| 39 | Animal Casings | 15,009.30 | 48.12 |
| 40 | Other Oil Seeds | 32,904.00 | 43.44 |
| 41 | Cashew Nut Shell Liquid | 13,222.27 | 9.31 |
| 42 | Niger Seeds | 4,162.48 | 6.52 |
| 43 | Processed Meat | 829.00 | 2.78 |
| 44 | Other Meat | 295.00 | 1.39 |
| Total | 48,757.48 | ||
Source: DGCIS Annual Export
Other Notable Exports Beyond the top five, India exports a wide array of other commodities. Sugar (43,60,622.00 metric tons, $2822.25 million), oil meals (42,72,894.00 metric tons, $1712.28 million), and coffee (2,97,910.36 metric tons, $1285.54 million) also make substantial contributions to the export economy. Fresh fruits, processed fruits, and vegetables are increasingly becoming popular in international markets due to their quality and health benefits.
Conclusion India’s export landscape for FY 23-24 highlights the country’s capability to produce and supply a diverse range of high-quality products to the global market. The top five commodities – marine products, Basmati rice, non-basmati rice, spices, and buffalo meat – are not only vital for the economy but also play a crucial role in reinforcing India’s position as a key player in global trade. With continuous improvements in quality, sustainability, and compliance with international standards, Indian exports are set to grow even further in the coming years.
For businesses and consumers worldwide, India remains a trusted and valuable source of a wide range of products that meet their needs and preferences.
