Exports to India from the UAE More Than Double in November

 


Exports from the UAE to India surged dramatically in November, exceeding $6 billion, marking a year-on-year growth of over 100%. This growth was primarily fueled by increased demand for gold and energy products.

India, in turn, ramped up its imports from the UAE by over 11% in the same period, reaching approximately $3 billion. The Comprehensive Economic Partnership Agreement (CEPA), a free trade deal effective since May 2022, has played a pivotal role in fostering this robust trade relationship. UAE crude oil exports to India saw a significant 54% increase in 2024, further underscoring the trade expansion.

Gold imports into India hit $14.8 billion in November, driven by heightened demand for investment and jewelry, although a dip in demand is anticipated in December.

As a strategic partner, the UAE remains integral to India’s trade landscape, with both nations working to deepen their economic ties. However, potential hurdles in the form of India’s protective trade policies could pose challenges to this partnership’s future growth.

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