India-UAE Bilateral Trade – UAE & India Exports and Imports Data 2017
15 February 2018

India and the United Arab
Emirates enjoy strong bonds of friendship based on age-old cultural, religious
and economic ties between the two nations. The ranking of India’s share in
world trade 2017 is 14 (imports) and 20 (exports), while UAE rank 17 (imports)
and 16 (exports). Export Genius authentic
report on India-UAE bilateral trade shows that India’s total imports from UAE
amounted to USD 17593 million and India’s total exports to UAE amounted to USD
23347 million from January to September 2017. And so, bilateral trade value
between both the countries stood at USD 40940 million in the said period. Let’s
have a clear picture of trade between India and UAE and analyse their business
relations.
The United Arab Emirates is
the 10th largest investor in India in terms of FDI (Foreign Direct
Investment). UAE’s investments in India are concentrated mainly in five
sectors:
·
Construction Development (12%)
·
Power (11%)
·
Air Transport (9%)
·
Hotel & Tourism (9%)
·
Metallurgical Industries (8%)
During Indian PM Modi visit
to the UAE in 2015, both the countries have decided to boost trade by 60% over
the next five years.
India-UAE Bilateral Trade
The traditionally close and
friendly India-United Arab Emirates relations have evolved into a significant
partnership in the economic and commercial sphere. On the occasion of the 6th
World Government Summit in Dubai, Indian Prime Minister Narendra Modi visited
the United Arab Emirates on February 10 and 11 2018, in which he meet with his
counterpart Crown Prince of Abu Dhabi Mohamed Bin Zayed Al Nahyan, who was
guest of honour on India’s 68th Republic Day. It was his second
visit after 2015, which has decided a new path of India-UAE trade. Both the
leaders have agreed to further strengthen their economic and commercial ties
especially in the industries of trade, energy, climate and civil aviation. PM
Modi has become 2nd Indian Prime Minister who visited UAE after long
34 years. Earlier Mrs. Indira Gandhi visited the UAE in 1981.
Bilateral trade between
India and UAE amounted to about USD 53 billion in 2016-17, according to a
report prepared by Export Genius. Both the countries have decided to increase trade
by 60% over the next five years. India is considered to be the UAE’s primary
trade partner, accounting for about 9.8% of its total non-oil trade. It is also
the largest importer of products from the UAE, buying about 14.9% of the
country’s total exports and about 8.7% of its re-exports. Economists are
expecting that the trade between India and the UAE is likely to hit USD 100
billion by 2020.
India Imports from UAE
India ranks 2nd among countries that import products from the UAE, which accounted USD 11255 million value. India UAE trade statistics of 2017 show that the country imported crude petroleum oil and other petroleum products & mineral fuels the most from the UAE. Here are some facts and figures of UAE exports to India.
· India’s
Total Imports from UAE in Last 5 Years
Since 2013, when India’s
total imports from UAE stood above USD 30000 million mark, the figures started
declining and stood above USD 20000 million mark in both 2014 and 2015. These
trade statistics of India’s imports from UAE declined to below USD 20000
million in 2016, which further decreased to USD 17593 million till September
2017. Let’s understand this from the chart and table given below.
Year |
Value (USD Million) |
2013 |
32964 |
2014 |
27287 |
2015 |
20283 |
2016 |
19240 |
2017 (Till Sept) |
17593 |
· India’s
Top Imports from UAE in 2017
India’s major import
products from the UAE are – Petroleum and Petroleum Products, Precious Metals,
Stones, Gems & Jewelry, Wood, Chemicals and Minerals. India and UAE
relations are basically highlighted from India’s imports of crude petroleum
oil, diamonds and gold. In fact, till September 2017, India has imported
mineral fuels & oils under Chapter 27 and natural or cultured pearls &
precious stones under Chapter 71 valued USD 14827 million together. Here is the
list of 10 largest India’s import items from UAE in 2017.
HS Code |
Product Description |
Value (USD Million) |
27 |
Mineral Fuels &
Oils |
7117 |
71 |
Natural or Cultured Pearls &
Precious Stones |
7710 |
39 |
Plastics |
542 |
74 |
Copper |
416 |
25 |
Salt, Sulphur &
Plastering Materials |
256 |
72 |
Iron and Steel |
266 |
76 |
Aluminium |
276 |
15 |
Animal or Vegetable Fats & Oils |
178 |
85 |
Electrical
Machinery & Equipment |
114 |
29 |
Organic Chemicals |
62 |
*Above
stats are based on Jan-Sept 2017
India Exports to UAE
The UAE is also India’s second largest destination for its exports, accounting for about 11.5% of the total imports by the UAE from India. Relationship between UAE and India is basically depend on their trade of natural or cultured pearls & precious stones and mineral fuels & oils that are largest exports from India to UAE. In fact, India buys crude petroleum oil from UAE and at the same time, India supplies petroleum products to UAE. Both the products fall under Chapter 71, according to HS Coding System. Here are some facts and figures of UAE imports from India
·
India’s
Total Exports to UAE in Last 5 Years
Since 2013, the figures of
India’s total exports to UAE have been more or less similar till September
2017. The total value of India’s exports to UAE in year 2013 and 2014 stood at
above USD 30000 million, while in 2015, the figures recorded USD 29989 million.
And the year 2016 recorded trade value of goods that were exported by India to
UAE USD 30041 million. Till September 2017, the figures of India’s exports to
UAE have crossed USD 23000 million. Let’s analyse this from the chart and table
given right below.
Year |
Value (USD Million) |
2013 |
33980 |
2014 |
32919 |
2015 |
29989 |
2016 |
30041 |
2017 (Till Sept) |
23347 |
·
India’s
Top Exports to UAE in 2017
India’s exports to the UAE
are well diversified with a large basket. India’s major export products to the
UAE are – Petroleum Products, Precious Metals, Stones, Gems & Jewelry,
Minerals, Food Items including seafood, meat, tea, fruits & vegetables,
sugar, cereals, etc., Textiles including yarn, cotton, synthetic fibre, apparel
garments, etc., Chemicals and Machinery Products. Export Genius India exports
and imports data shows that India supplied natural or cultured pearls &
precious stones and mineral fuels & oils the most to UAE in 2017, which
accounted USD 12305 million together. Here is the list of export items from
India to Dubai with value recorded between Jan-Sept 2017.
HS Code |
Product Description |
Value (USD Million) |
71 |
Natural or Cultured
Pearls & Precious Stones |
8980 |
27 |
Mineral Fuels & Oils |
3325 |
61 |
Articles of Apparel
and Clothing Accessories, Knitted or Crocheted |
1799 |
62 |
Articles of Apparel and Clothing
Accessories, Not Knitted or Crocheted |
1390 |
89 |
Ships, Boats and
Floating Structures |
1387 |
72 |
Iron and Steel |
546 |
84 |
Machinery, Nuclear
Reactors, Boilers, etc. |
500 |
85 |
Electrical Machinery & Equipment |
470 |
74 |
Copper |
381 |
10 |
Cereals |
402 |
*Above
stats are based on Jan-Sept 2017
If you want to export any
product from India to UAE or import any item from UAE to India, you must have
sufficient knowledge about trade between India and Dubai. This is possible from
Export Genius report on India UAE imports and exports statistics. Here are key
questions that are answered from this report:
1. How
much India exports products to the United Arab Emirates?
2. How
much India imports items from the UAE?
3. Which
are the largest industries of India and UAE?
4. Who
are the importers and exporters in India and UAE?
5. What
is the price of products in Indian and UAE market?
For your reference, see
India export sample of HS Code 71011020
(Fresh Water Pearl) in which the United Arab Emirates is the foreign country.
HS Code |
71011020 |
Product Description |
Fresh Water Pearl |
Quantity |
55127 |
Unit |
GMS |
FOB Value (USD) |
43076.84 |
Foreign Port |
Dubai |
Foreign Country |
United Arab Emirates |
Date, Indian
Exporter Name, UAE Importer Name, Indian Port, etc. |
**Available on
Purchase Only |
We provide import export data of 60+ countries and customized reports on products of 20+ countries with authentic customs-based details.
To buy our market research report and data, e-mail
us at info@exportgenius.in.
For any media related enquiries, please contact us at press@exportgenius.in.
