Till 2020-21 Maharashtra has been the highest exporter from among the states and Gujarat occupied the second position. But this year Gujarat surpassed Maharashtra's record by exporting goods worth £83.7 billion in the financial year 2021-22 till February, while in the previous year the state’s total exports were £44.8 billion. Exporters say when the data for March, which is to be released soon, is taken into account, the figure might cross £100 billion.
In 2020-21, Gujarat’s exports were worth £44.8 billion while Maharashtra’s figure was £43.1 billion. In 2021-22 till February, Maharashtra’s total exports were worth £49 billion.
The commodities which have brought the highest foreign currencies by way of exports from Gujarat include petroleum, diamond, ceramics, cotton yarn, vegetable fats, textiles, oil seeds, machinery, engineering products and brass parts.
According to officials of the Director General of Foreign Trade (DGFT), “We started getting accurate statewise data from 2018-19 after implementation of GST. However, the figure for 2021-22 is the benchmark because now the GST is fully implemented and the pandemic is also over,” said a senior official.
Industry insiders say the global market opened up after Covid in the last financial year. Gujarat is the manufacturing hub and with all ports opening up and all manufacturing going in full swing, the state was able to manufacture at the highest level and export at the highest level.