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Date: 26/12/2024

Imports from UAE soar 109.57 pc

India’s imports from its free trade agreement partner UAE have skyrocketed 109.57% year-on-year to $6.12 billion in November 2024, leaving a trade deficit of over $3 billion during the said month, according to Commerce Ministry data. India’s exports to the UAE rose by 11.38% to $3 billion last month. Cumulatively, imports from the UAE during April-November rose by 60.84% to $44.76 billion against $27.83 billion in the same period the previous fiscal, while exports were up 15.25% year-on-year to $23.94 billion compared to $20.77 billion in April-November 2023-24. The UAE is India’s third-largest trading partner. The major goods imported include mineral oil, chemicals, essential oils and perfumes, precious and semi-precious stones, iron and steel products, copper, nickel and aluminium goods, as per a report. 
 
Source: Exim News Service: New Delhi/Dubai, Dec. 25



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