India-Kuwait trade sees a 34.78 percent rise in exports, driven by strong economic ties.
India’s exports to Kuwait hit $2.10 billion in FY24, reflecting a 34.78 percent increase from the previous fiscal year’s $1.56 billion, according to the Ministry of Commerce and Industry. This growth underscores the robust trade relationship between the two countries. Key export sectors include aircraft components, cereals, and precious stones, with imitation jewellery, vehicles, and pharmaceuticals further boosting numbers.
Kuwait, primarily a petroleum-based economy with crude oil reserves of 101.5 billion barrels, remains a vital trade partner for India. In FY24, bilateral trade between the nations reached $10.479 billion, with Indian exports comprising $2.10 billion. Kuwait also played a significant role in meeting India’s energy needs, being the sixth-largest crude oil supplier.
India consistently ranks among Kuwait’s top trading partners, with the Gulf country offering significant opportunities in consumer goods and project sectors.
