Ministry of Commerce & Industry
Bilateral Trade between India and GCC grew from US$ 87.35 billion in FY 2020-21 to US$ 154.66 billion in FY 2021-22
Posted On:
27 JUL 2022 5:14PM by PIB Delhi
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%.
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
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 today.
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