Growth, instability and comparative advantage in export of groundnut from India

Abstract

Groundnut is the top exported commodity among the major oilseeds. India’s groundnut exports during 2021-22 stood at US$ 629.28 million. India’s major export destinations for groundnuts are Indonesia, Vietnam, Philippines, Malaysia, Thailand, Russia, Bangladesh, Nepal, Singapore, Iran, etc. An attempt was made through the present study to examine the growth, instability and comparative advantage in exports of groundnut from India. The results revealed that Groundnut exports to world registered highly significant growth rate of 16.09 % with high degree of instability of 36.11% per annum. Among the major destination highest growth were reported by Vietnam at the rate of 71.17 % followed by Thailand 55.18%, Russia 43.32%, Philippines 19.06%, Indonesia 13.51% etc. The instability in groundnut export was also shows high during the period. The study also calculated the comparative advantage among the major exporter of groundnut and revealed that India has highest comparative advantage among the major competitors. Because the value of revealed comparative advantage (RCA) and revealed symmetric comparative advantage (RSCA) was high in groundnut export by India among the major competitors. Highlights : India’s major export destinations for groundnuts are Indonesia, Vietnam, Philippines, Malaysia, Thailand, Russia, Bangladesh, Nepal, Singapore, Iran, etc., India has highest comparative advantage among the major competitors.