THINK 🤔
The annual trade deficit between India and the UAE in 2022-2023 was US$16.78 billion. This means that India imported goods worth US$16.78 billion more from the UAE than it exported to the UAE.
The annual trade deficit between India and the UAE in 2022-2023 was US$16.78 billion. This means that India imported goods worth US$16.78 billion more from the UAE than it exported to the UAE.
The trade deficit has been widening in recent years, due to a number of factors, including the rising cost of oil imports from the UAE, and the increasing demand for Indian goods in the UAE.
The India-UAE Comprehensive Economic Partnership Agreement (CEPA), which came into effect in May 2022, is expected to help to narrow the trade deficit by boosting trade in goods and services between the two countries.
Here is a breakdown of the trade between India and the UAE in 2022-2023:
> India's exports to the UAE: US$20.25 billion
> India's imports from the UAE: US$36.23 billion
> Trade deficit: US$16.78 billion
> India's exports to the UAE: US$20.25 billion
> India's imports from the UAE: US$36.23 billion
> Trade deficit: US$16.78 billion
The main commodities exported by India to the UAE are:
•Gems and jewellery
•Machinery
•Transport equipment
•Pharmaceuticals
•Textiles
•Gems and jewellery
•Machinery
•Transport equipment
•Pharmaceuticals
•Textiles
The main commodities imported by India from the UAE are:
•Oil and gas
•Gold
•Chemicals
•Machinery
•Transport equipment
•Oil and gas
•Gold
•Chemicals
•Machinery
•Transport equipment
Loading suggestions...