- India’s exports to the UAE rose 6.82% to $30 billion, while imports surged 35.58% to $50.51 billion.
- Non-oil trade accounted for over $57.8 billion, showcasing diversification.
- Smartphones emerged as a major export item, reaching $2.57 billion in 2023-24.
The Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE, implemented in May 2022, has played a crucial role in boosting trade.
Beyond traditional sectors like refined oil, gems, and jewellery, India’s exports to the UAE are increasingly shifting towards electronics, chemicals, and machinery.
India-UAE Trade Sees Significant Growth Amid CEPA Benefits
India and the UAE’s trade relationship continues to strengthen, with bilateral trade reaching $80.51 billion in the first 10 months of FY25. The 21.35% growth is attributed to the successful implementation of CEPA, which has facilitated preferential duties and encouraged diversification in trade sectors.
One of the most notable trends is the rise in non-oil trade, which now constitutes more than half of the total trade volume. This shift highlights India’s expanding industrial and manufacturing capabilities, especially in high-tech goods, electrical machinery, and chemicals.
Smartphones have emerged as a key export driver, with shipments to the UAE valued at $2.57 billion in 2023-24. This reflects India’s push towards domestic manufacturing and global competitiveness in the electronics sector.
Additionally, the increase in imports by 35.58% suggests that the UAE remains a crucial trading partner for India’s energy and raw material needs, strengthening economic interdependence between the two nations.
The India-UAE trade partnership is thriving, driven by policy reforms, sectoral diversification, and a strong economic framework. With non-oil trade rising and manufacturing exports growing, the bilateral trade volume is on track to achieve even greater milestones.
“Trade is a fundamental element of global progress, and partnerships like CEPA shape a more interconnected and prosperous world.”
