Netherlands jumps 5 places to become India's 5th-largest export destination

Germany, which was earlier India's top European export destination (eighth position), has now dropped two ranks to 10th place

exports
Premium

India imported goods worth $4.5 billion in FY22, such as soybean crude oil, waste and scrap stainless steel, aluminium scrap, nickel, aircraft engine parts, among others.

Asit Ranjan Mishra New Delhi
The Netherlands has emerged as India’s fifth-largest export destination in 2021-22 (FY22), jumping from its 10th position a year ago. Exports to the fifth-largest economy in the European Union (EU) bolted 94 per cent to $12.5 billion in the financial year ended March 31.

In FY22, the Netherlands surpassed Hong Kong, Singapore, the UK, Germany, and Nepal to become India’s largest export destination in the EU.

Germany, which was earlier India’s top European export destination (eighth position), has now dropped two ranks to 10th place.

While the US ($76.1 billion) remained India’s top export destination in FY22, the United Arab Emirates ($28 billion)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 16 2022 | 6:01 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com