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 France are negotiating a €300 million deal to procure SCALP cruise missiles after their successful combat use in Operation Sindoor.
Read More....
India improved to 91st rank in the Corruption Perceptions Index 2025, though global corruption levels remain high.
Read More....
French President Emmanuel Macron will visit India to strengthen strategic cooperation under the Horizon 2047 roadmap.
Read More....
17-year-old Aditya Pandya became India’s youngest analog astronaut after completing a lunar simulation mission.
Read More....
Scientists discovered a new dragonfly species, Lyriothemis keralensis, endemic to Kerala.
Read More....
India has been named Country of the Year at BIOFACH 2026 in Germany, highlighting its rising global leadership in organic agriculture and exports.
Read More....
A new frog species discovered in Peru’s cloud forests may already face extinction due to habitat loss.
Read More....
Manu Bhaker won silver in the 25m pistol event after a shoot-off at the Asian Championship.
Read More....
International Day of Women and Girls in Science is observed on 11 February to promote equal participation of women in STEM and build inclusive futures.
Read More....
Thanya Nathan is set to become Kerala’s first visually challenged woman judge after topping the civil judge exam list.
Read More....