UAE Remains India’s Second Largest Export Destination

The annual trade figures released by the Union Ministry of Commerce states that the UAE has retained its position as India’s second most important export destination. The US is at the second position. India’s overall exports of merchandise and services increased by six percent during the same period. The third place in this category has been held by the Netherlands. It rose to third place in this category, replacing China, due to a high level of refined petroleum products through the maritime nation last year. On India’s import graph, the UAE ranked third, after China and Russia. Among the GCC states, only Saudi Arabia featured among India’s top export destinations and sources of imports.