Export Import trade and its balance means a lot to a country’s economy. It is often wished by a country’s government that the Export of the nation is higher than its import. This is because when more Export deals are made, a country’s economy is boosted and when more Import deals are made money flows out of the country.
The product of export can also make a huge difference to a country’s economy. For example, an exporter chooses to export a product that is easily available but its value in the international market is less and hence earns less in return.
Such exports make a minute difference in the economy of the country. Hence selection of product for export is a tricky business. A proper understanding of the product and the need for that product in the international market places is required.
Saffron is one such product that is always high in demand in national and international markets. Saffron is considered one of the costliest and rarest of the spices.
The data provided on the export analysis shows that there are almost 65 countries and territories, which actively import Saffron from India.
Let’s take a look at the top 5 countries where Saffron is Exported in maximum quantities from India:
- UAE – 544 Cr INR
- USA – 738 Cr INR
- Australia – 583 Cr INR
- Nepal – 512 Cr INR
- Canada – 290 Cr INR
