GlobalMiddle East & Africa

Bilateral Trade Between India and Gulf Countries Jumped 77.06% Since FY21

Bilateral Trade between India and the Gulf Cooperation Council grew from US$ 87.35 billion in FY 2020-21 to US$ 154.66 billion in FY 2021-22, registering an increase of 77.06% on a year-on-year basis. Since FY 2017-18, on a compounded annual growth rate basis, bilateral trade between India and the GCC has grown by 10.57%. 

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Bilateral Trade between India and the Gulf Cooperation Council grew from US$ 87.35 billion in FY 2020-21 to US$ 154.66 billion in FY 2021-22, registering an increase of 77.06% on a year-on-year basis. Since FY 2017-18, on a compounded annual growth rate basis, bilateral trade between India and the GCC has grown by 10.57%.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha.

Details of India’s exports to the GCC during the last five financial years is as follows:

India’s Exports to GCC
Values in USD Billion
S.No.Country2017-20182018-20192019-20202020-20212021-2022
1BAHRAIN0.560.740.560.530.90
2KUWAIT1.371.331.291.051.24
3OMAN2.442.252.262.363.15
4QATAR1.471.611.271.281.84
5SAUDI ARABIA5.415.566.245.868.76
6UAE28.1530.1328.8516.6828.04
 GCC Total39.3941.6240.4727.7643.93

Source: DGCIS

 

 

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