Efforts are on by India to become the 3rd largest economy. The global trade powerhouse exports around 7,500 different commodities to nearly 192 countries.
Amid this, let's know the top 6 destinations of India's exports in the 2023–24 financial year.
United States: India covers 17.73% of its exports to the largest economy in the world, the US. Valued at US$ 77.52 billion, prime commodities include automobiles and automotive parts, chemicals, fertilizers and leather products.
United Arab Emirates: Exports to UAE in 2023-24 was 8.15%. While the main commodities are petroleum products, processed foods and dairy exports earned India US$ 35.62 billion in 2023-24.
Netherlands: This European country covers 5.12% of total Indian exports. India earned US$ 22.37 billion on trading electrical goods, pharmaceuticals etc.
China: This neighbouring country has remained at the top of our imports list. But when it comes to exports, India sells goods worth US$ 16.66 billion to China in the last fiscal.
Singapore: Indian exports to Singapore were 3.30% in FY 2024. The commodities being traded are electronic integrated circuits, petroleum oils and bituminous minerals.
United Kingdom: Exports from the UK in the last FY were 2.96%. The main commodities were cotton, jewellery & gems which earned India around US$ 12.92 billion in 2023-24.
In the first quarter of 2024-25 (April-June), India's exports crossed USD 200 billion mark and is expected to reach its full-year target of USD 800 billion.