Netherlands becomes India’s 3rd Largest Export Destination in FY23 after US, UAE

Netherlands becomes India’s 3rd Largest Export Destination in FY23 after US, UAE

Daily Current Affairs / Netherlands becomes India’s 3rd Largest Export Destination in FY23 after US, UAE

Change Language English Hindi

Category : Business and economics Published on: May 17 2023

Share on facebook

As per the data of the Ministry of Commerce and Industry, the Netherlands emerged as the 3rd largest export destination for India in Financial Year 2023-23 (FY23) after the United States (US) and United Arab Emirates (UAE).
India’s trade surplus with the Netherlands has increased from USD 8 billion in FY22 to USD 13 billion in FY23.
India’s exports to the Netherlands increased by about 48% to USD 18.52 billion in FY23 as against USD 12.5 billion in FY22.
India’s exports to the Netherlands increased to USD 18.1 billion in 2022 from USD 5.5 billion in 2017.
The Netherlands has taken over major destinations such as the UK, Hong Kong, Bangladesh and Germany.
The outbound shipments to the European country in FY22 and FY21 stood at USD 12.55 billion and USD 6.5 billion, respectively.

Recent Post's

India and Tanzania expanded defence cooperation at the 4th JDCC meeting in Zanzibar, adding new focus on cyber, AI and air force collaboration.
Read More....
Divakar Jayant assumed charge as Director General of Naval Armament, bringing over 33 years of defence service experience.
Read More....
Assam sanctioned ₹50 crore to restore Koch dynasty heritage and promote cultural tourism.
Read More....
India and Kyrgyzstan launched the 13th KHANJAR joint Special Forces exercise in Misamari.
Read More....
IHMCL signed a pact with NFSU to strengthen cyber security in digital highway systems.
Read More....
Indian climber Kabak Yano scaled Mount Aconcagua, advancing her Seven Summits mission.
Read More....
The 6th Badminton Asia Team Championships started in Qingdao with India competing in both events.
Read More....
Moltbook emerged as a global experiment where AI agents interact without human input.
Read More....
Kerala introduced NeophyteID, an AI app for citizen-led tracking of invasive plant species.
Read More....
RBI approved Vinay Tonse as YES Bank’s new MD & CEO for a three-year term.
Read More....