UAE-India trade exchange to hit $32.7bn this year

22/11/2010 - Dubai Investment News
UAE-India trade exchange to hit $32.7bn this year

Posted by Bob Brunskill

The value of trade exchange between the UAE and India is expected to hit $32.7 billion this year, new figures show.

According to data from the UAE's ministry of foreign trade, the figure is an 11 per cent increase on the $29.4 billion recorded in 2009, Zawya Dow Jones reported.

In an emailed statement to the newswire, the ministry also revealed that the UAE is due to increase the value of its investments in India to $1.9 billion by 2011, up from $1.5 billion last year.

The majority of these investments were said to focus on the energy sector, services and software products.

Meanwhile, gold and sugarcane topped the list of UAE exports to India with the UAE exporting almost 78 per cent more gold in unwrought, semi-wrought or powder form in the first half of the year, compared to the same period last year.

The UAE is currently the largest market for Indian imports.ADNFCR-2019-ID-800248921-ADNFCR