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%.

SMEStreet Edit Desk

28 Jul 2022 06:07 IST

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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.	Country	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
1	BAHRAIN	0.56	0.74	0.56	0.53	0.90
2	KUWAIT	1.37	1.33	1.29	1.05	1.24
3	OMAN	2.44	2.25	2.26	2.36	3.15
4	QATAR	1.47	1.61	1.27	1.28	1.84
5	SAUDI ARABIA	5.41	5.56	6.24	5.86	8.76
6	UAE	28.15	30.13	28.85	16.68	28.04
	GCC Total	39.39	41.62	40.47	27.76	43.93

Source: DGCIS

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