India-UAE Trade Surges 21.35% to $80.51 Billion in April-January FY25
Bilateral trade between India and the United Arab Emirates increased by 21.35 percent to USD 80.51 billion during the April-January period of this fiscal year, according to figures from the commerce ministry.
During the first 10 months of current fiscal year, India’s exports to the United Arab Emirates increased by 6.82 percent to USD 30 billion, while its imports increased by 35.58 percent to USD 50.51 billion, according to the data.
The administration says trade has been growing steadily since the two countries signed a free trade agreement (FTA) in May 2022.
On Tuesday, the United Arab Emirates (UAE) and India celebrated the third anniversary of the Comprehensive Economic Partnership Agreement (CEPA).
The application of CEPA raises concerns about preferential tariffs. According to the statement, since it went into effect, around 240,000 certificates of origin have been issued, and the total value of exports to the United Arab Emirates is US$19.87 billion.
Additionally, it stated that the agreement has been successful in achieving the potential for trade basket diversification, with non-oil trade reaching US$57.8 billion in 2023–2024—more than half of all trade.
This aligns with the goal of reaching $100 billion in bilateral non-oil commerce by 2030.
At the sectoral level, light and medium high-tech products including electrical machinery and equipment, boilers, generators and reactors, and chemicals have achieved considerable advances, aside from refined crude oil products and gemstones and jewelry.
“In addition, at the product level, smartphones have emerged as a major export item with exports worth US$2.57 billion to the UAE in 2023-24,” the ministry stated.