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How India’s farm exports have grown despite Trump tariffs

11 May 2026
1 min

India's Agricultural Exports and Imports (2025-26)

Overview of Agricultural Exports

India's farm exports grew by 2.3% year-on-year to $53.1 billion in the financial year 2025-26, despite steep tariffs imposed by the US.

  • Growth was higher than the 0.9% increase in overall merchandise exports.
  • Major drops due to US tariffs included pharmaceuticals, readymade garments, gold and jewellery, and leather products.

Diversification of Export Markets

  • Marine products exports grew by 13.9% to over $8.4 billion.
  • Buffalo meat exports increased by 25.6% to reach $5.1 billion.
  • Coffee exports crossed the $2 billion mark for the first time.

Major Agricultural Import Commodities

  • Vegetable oil imports reached 169.4 lakh tonnes, valued at $19.5 billion.
  • Pulses imports were at 59.6 lakh tonnes, valued at $3.6 billion.
  • Fresh fruits imports valued over $3.5 billion, with the US being a key supplier.

Shift in Trade Balance

India has shifted from being a net exporter to an importer of raw cotton due to production shortfalls.

  • Imports of raw cotton in 2025-26 totaled $1.9 billion, exceeding exports.

Conclusion: Narrowing Trade Surplus

The surplus in agricultural trade has decreased from $27.7 billion in 2013-14 to $12.7 billion in 2025-26, indicating a narrowing gap.

India remains a surplus trader of agricultural products, although the margin is gradually decreasing.

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RELATED TERMS

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Net Exporter

A country that exports more of a particular commodity or group of commodities than it imports. In this context, India has shifted from being a net exporter to a net importer of raw cotton.

Farm Exports

Refers to agricultural products grown or produced in India that are sold to other countries. This includes a wide range of items like processed foods, beverages, and other agricultural commodities.

Trade Surplus

A situation where a country's exports exceed its imports in value. A large trade surplus can indicate strong export performance but may also suggest insufficient domestic demand or currency undervaluation, potentially leading to international trade tensions.

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