Netherlands Ranks As 3Rd Largest Exports Market Of India As Shipments Of Petroleum Products Surge
Date
1/30/2023 4:04:48 AM
(MENAFN- KNN India)
Netherlands ranks as 3rd largest exports market of India as shipments of petroleum products surge New Delhi, Jan 30 (KNN) During April-December in FY23, India's third largest exports destination is the Netherlands right after the US and UAE owing to the jump in shipment of goods such as petroleum products, electronic items, chemicals, and aluminium goods.
In 2022, India's trade surplus with the Netherlands has also increased to USD 12.3 billion from USD 1.5 billion in 2017.
The European country was India's fifth largest exports destination in 2021-22 and was on ninth position in 2020-21.
According to the Ministry of Commerce, the Netherlands has taken over major destinations such as the UK, Hong Kong, Bangladesh and Germany.
From April-December 2022, India's exports to the Netherlands rose by about 69 per cent to USD 13.67 billion as against USD 8.10 billion in the same period previous year.
The outbound shipments to the European country increased from USD 6.5 billion in 2020-21 to USD 12.55 billion in 2021-22.
(KNN Bureau)
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