Israel outweighs Iran in trade with India since 2019, shows data

India's exports to Iran dropped to $1.2 billion as of December 2023, on a rolling 4-quarter basis. India's exports to Israel grew to $6.1 billion in the same period

Trade links with Israel have strengthened in the past few years, even as the value of goods exchanged with Iran has diminished.

Iran accounted for $3.9 billion worth of India’s exports in the four quarters ending December 2019, compared to $3.6 billion to Israel. However, India’s exports to Iran dropped to $1.2 billion as of December 2023, on a rolling four-quarter basis, while exports to Israel grew to $6.1 billion in the same period.

 

In February 2024, India imported $126.8 million worth of manufactured goods from Israel. Other exports included pearls, precious and semi-precious stones ($55 million), and