According to a recent government release, owing to an increase in production of coconut, India has been exporting coconut oil to Malaysia, Indonesia and Sri Lanka since April 2017. Till March 2017, India was importing coconut oil. Also, for the first time India has been exporting dry coconut in large quantities to the U.S and European countries. In 2017-18, India exported coconut worth Rs 1602.38 crore while imports stood at Rs 259.70 crore.
In coconut producing states, 62403 hectares have been brought under scientific coconut farming methods as compared to 36477 hectare in 2010-14. It is noteworthy that coconut cultivation has spread in new areas. In various states, 13117 hectare new area was brought under coconut cultivation till 2014-18 which was only 9561 hectare in 2010-14.