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Andhra Pradesh: State exports goods worth Rs.1.59L cr, lands in 6th place.
Aug 30, 2023
Andhra Pradesh exported goods worth 1.59 lakh crore in 2022-23, emerging as the sixth largest state of the country in terms of the value of exports. The state reported a near 11% increase in the volume of foreign trade in 2022-23 compared to its 1.43 lakh crore in 2021-22. AP contributed to about 5% of the total exports of the country in the last fiscal.
According to the official statistics, Visakhapatnam topped all the districts with about 48,608 crore worth exports in 2022-23, followed by East Godavari (31,000 crore). From organic/inorganic chemicals, anti-cancer drugs, and calcined petroleum coke in Visakhapatnam district to shrimp and other marine products and rice in East Godavari, Andhra Pradesh is exporting about 2,100 products to nearly 190 countries. For instance, Anantapur exported about 11,000 crore worth cars, car engines, and other vehicle accessories in 2022-23.
Omeprazole and lansoprazole drugs worth 133 crore were exported from Srikakulam in the last fiscal. The same district was involved in amoxicillin and other antibiotic foreign trade to the tune of 300 crore. Vizianagaram on its part exported maize starch, shrimp, ferro manganese, etc.
Even though on a small scale, several districts are exporting handicraft products, textiles, ceramic products and glassware, leather products, spices, iron products, etc. to various countries. Having major ports of the state, Visakhapatnam and East Godavari generally make it to the list of top 25 districts of the country in terms of export share, every year. While Visakhapatnam contributes to about 1.5% of the country’s total exports, Kakinada on its part accounts for about 1% of the total foreign trade. Visakhapatnam occupied 15th place in the country in 2021-22, whereas East Godavari made it to the 24th position.
Of the 10,916 crore worth exports done from Guntur district in 2022-23, tobacco took the lion’s share in the value of exported goods.
Even though the state stood in sixth place in exports, AP was limited to eighth place in the recent ‘export preparedness index’ prepared by Niti Aayog. As per the report, the state can improve its business ecosystem to match its policy and export ecosystem.
'Improving infrastructure would help improve the cluster strength in the state, which could unlock its regional competitiveness. Low proportion of businesses with importer-exporter code implies that many manufacturers do not export, which hinders the growth of the region, and the state. Measures to encourage businesses to export by building their capacity and establishing institutions like certification agencies in the state can be the future steps taken by the state government to help it boost its exports,' read the report.
timesofindia.indiatimes.com
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