Netherlands Turns Top Buyer of Indian Petro-Products

Netherlands Turns Top Buyer of Indian Petro-Products

Daily Current Affairs   /   Netherlands Turns Top Buyer of Indian Petro-Products

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Category : International Published on: November 11 2022

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  • The Netherlands has emerged as the top destination for India’s petroleum product exports such as petrol and diesel in the first half of the current fiscal year. 
  • This change comes in the wake of the Ukraine war, with India continuing to buy discounted crude oil from sanctions-hit Russia.
  • This bump in exports has also resulted in the Netherlands becoming the third biggest market for India’s overall exports, thereby replacing China. China is now displaced to the 4th position, accounting for just 3.3% of total outbound shipments.
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