Exports saw sharp fall on decline in US and UAE share, shows govt data

Shipments to six of top 10 markets saw a decline in April

Shreya Nandi New Delhi
Private sector likely to get limited access to Gati Shakti portal

Listen to This Article

Exports to India’s key markets — the US, the United Arab Emirates, China, Singapore, Bangladesh and Germany — witnessed a sharp decline, resulting in a 12.69 per cent contraction in outbound shipments during the first month of the current financial year, commerce department data showed.
India’s biggest export market — the US — with 17 per cent share witnessed 17.16 per cent contraction at $5.9 billion in April. This was followed by the United Arab Emirates (UAE) that saw 22.09 per cent decline at $2.23 billion exports. These two countries exported goods worth $8.13 billion, indicating a share of over 23 per cent in April.
While these six countries out of India’s top ten export destinations saw contraction, shipments to Saudi Arab, the Netherlands, United Kingdom (UK) and Italy saw 8.38 per cent, 23 per cent, 20.69 per cent and 3.59 per cent, growth respectively. These 10 countries comprise 48 per cent o

Also Read

If delay in FTA talks, GCC nations can join India-UAE trade deal

Centre to come up with a single trade body to promote exports: Report

RBI, UAE central bank discuss mechanism to trade in local currencies

CEPA: India's non-oil exports to UAE rise 5% during June-January

November exports to key markets bounce back after October dip

DPIIT seeks GST rate reduction for certain segments of leather sector

FY24 national-highway construction a slow start due to unseasonal rain

US seeks enterprise-based probe into errant companies under IPEF

Himachal Pradesh to cancel allotment of hydropower projects: CM Sukhvinder

Firms paid more stipend to apprentices in FY22; Chennai tops list: Study

First Published: May 16 2023 | 9:42 PM IST

Explore News

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

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to