Bilateral Trade between India and GCC grew from US$ 87.35 billion in FY 2020-21 to US$ 154.66 billion in FY 2021-22

Bilateral Trade between India and the Gulf Cooperation Council grew from US$ 87.35 billion in FY 2020-21 to US$ 154.66 billion in FY 2021-22, registering an increase of 77.06% on a year-on-year basis. Since FY 2017-18, on a compounded annual growth rate basis, bilateral trade between India and the GCC has grown by 10.57%. 

Details of India’s exports to the GCC during the last five financial years is as follows:

India’s Exports to GCC

Values in USD Billion

S.No.

Country

2017-2018

2018-2019

2019-2020

2020-2021

2021-2022

1

BAHRAIN

0.56

0.74

0.56

0.53

0.90

2

KUWAIT

1.37

1.33

1.29

1.05

1.24

3

OMAN

2.44

2.25

2.26

2.36

3.15

4

QATAR

1.47

1.61

1.27

1.28

1.84

5

SAUDI ARABIA

5.41

5.56

6.24

5.86

8.76

6

UAE

28.15

30.13

28.85

16.68

28.04

 

GCC Total

39.39

41.62

40.47

27.76

43.93

Source: DGCIS

This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha today.

    Leave a Comment

    Your email address will not be published.