- India's exports to West Asia rose 8.62% to $5.7 billion in July year-on-year
- Exports to UAE increased 10.15% to $3.3 billion while Saudi Arabia's declined 2.73%
- Imports from Oman surged 150.36% to $1.57 billion, while UAE and Saudi imports fell
India's exports to the West Asian region rose by 8.62% year-on-year to $5.7 billion in July as compared to $5.2 billion in the same month last year, despite global uncertainties, Commerce Secretary Rajesh Agrawal said on Thursday.
The shipments to the region had declined for the first time in March due to the US-Iran conflict, but improved in April and further in May and June. Agrawal said that trade is back to earlier levels with this region.
The country's exports to the UAE rose 10.15% to $3.3 billion, but shipments to Saudi Arabia declined by 2.73% to $763.7 million.
Imports from the UAE and Saudi Arabia have dipped during the last month. However, from Oman they jumped by 150.36% to $1.57 billion.
ALSO READ: India's July Trade Deficit Widens To $31.9 Billion, Merchandise Imports Rise Over 17%
Indian exporters are using three ports (Duqm, Sohar and Salalah) in Oman, and the Port of Fujairah in the UAE to push exports to the region.
Earlier, the Port of Jebel Ali in the United Arab Emirates used to handle a lot of cargoes for that region, but it has faced operational disruptions due to the ongoing conflict.
The US-Iran conflict has impacted the movement of ships carrying cargoes in international waters, particularly through the Strait of Hormuz.
India normally exports goods worth about $6 billion every month to the region.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
