Major Itemwise Export
Review of Export performance of Spices during 2015-16
Indian spices exports have been able to record strident gains in value. Spices exports have registered substantial growth during the last five years, registering an compound annual average growth rate of 14% in rupee terms and 5% dollar terms of value and India commands a formidable position in the World Spice Trade
During 2015-16, a total of 8,43,255 tons of spices and spice products valued Rs.16238.23 crore (US$2482.83 Million) have been exported from the Country as against 8,93,920 tons valued Rs.14899.68 crore (US$ 2432.84 Million) in 2014-15, registering an increase of 9% in rupee terms and 2% in dollar terms of value.
The total export of Spices during 2015-16 has exceeded the target in terms of both quantity and value. Compared to the target of 8,08,000 tons valued Rs.14014.00 crore (US$2260million) for the financial year 2015-16 the achievement is 104% in terms of volume and 116% in rupee and 110% dollar terms of value.