Today: 28 October 2025
2 May 2023
1 min read

‘We expect around $50 bn export to UAE by 2026-27’

Sunil Barthwal said that despite good growth in trade between the two countries, there was still potential to improve further…reports Asian Lite News

Secretary, Department of Commerce, Sunil Barthwal on Monday said India expects around $50 billion in exports to the United Arab Emirates by 2026-27.

During a media briefing by the commerce secretary, he said, “Ease of doing business between the two countries will be also eased. We are looking if any issues are left out. Our friendships with UAE will deepen further”. He said that despite good growth in trade between the two countries, there was still potential to improve further.

“During one year of UAE-India Comprehensive Economic Partnership Agreement (CEPA) India’s exports to UAE grew by 11.8 per cent in the financial year 2023,” Sunil Barthwal said, adding “India’s exports to the UAE grew to $31.3 bn in FY2023 as against $28 billion in FY2022. India-UAE CEPA came into effect on May 1, 2022.”

During the same period Imports from the Middle East country to India increased by 18 per cent from $44.8 billion to $53.2 billion. In the same period, India’s global exports grew by 4.8 per cent, from $390.7 billion to $416.3 billion.

According to data from the commerce ministry released on Monday, India’s global imports declined 16.1 per cent to $613.05 billion in FY2023 from $711.85 billion in FY2022.

During FY2023, the country’s non-oil imports from the UAE grew 4.1 per cent to $25.5 billion from $24.5 billion.

India’s global non-oil imports surged 7.8 per cent to $418.2 billion in FY2023, against $450.8 billion in FY2022. (ANI)

ALSO READ: Political visibility of Indian-Americans far bigger than 1% population share

Previous Story

Growth engine for India-UAE bilateral trade completes one year

Next Story

Kashmir gets ready to showcase its beauty to G20 delegates

Latest from -Top News

Gazans Struggle to Revive Life

Today, Gaza’s markets seem to awaken from beneath the ruins. Partially destroyed shops opened their doors amid streets littered with debris, while merchants attempt to arrange what remains of their goods on

GAZA AID: MSF raps Israel

Doctors Without Borders (MSF) says Israel Continues to Use Aid as a Weapon of War Against Gaza Strip…reports Asian Lite News Doctors Without Borders (MSF) said that despite the ceasefire agreement, Israel

Qatar Emir Meets Trump

HH the Amir welcomed HE the US President and his accompanying delegation, expressing his pleasure at meeting the President during his stopover in Qatar…reports Asian Lite News HH the Amir Sheikh Tamim

Abu Dhabi leads future of food innovation

Global Food Week 2025 cements Abu Dhabi’s leadership in food innovation, uniting 75 countries to showcase sustainable agriculture, cutting-edge technologies, and women-led enterprises driving future food security….reports Asian Lite News Global Food

UAE reshapes AI council

The newly reconstituted Council will be chaired by His Highness Sheikh Tahnoon bin Zayed Al Nahyan, with His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan serving as Vice-Chairman….reports Asian Lite
Go toTop

Don't Miss

BJP got Rs 6,986.5 crore through poll bonds

The latest dataset released by the EC included scanned copies

UAE calls for global cooperation to accelerate vax supply

International Forum on COVID-19 Vaccine Cooperation aims to link countries