Netherlands emerges as major trading partner of India in FY23
Millennium Post Delhi|May 15, 2023
The Netherlands has emerged as India’s third largest exports destination after the US and UAE during 2022-23 on account of a surge in shipment of goods such as petroleum products, electronic items, chemicals, and aluminium goods, according to the data of the Commerce Ministry.
Netherlands emerges as major trading partner of India in FY23

NEW DELHI: India’s trade surplus with the Netherlands has also increased from $8 billion in 2021-22 to $13 billion in 2022-23.

The Netherlands has taken over major destinations such as the UK, Hong Kong, Bangladesh and Germany, the data showed.

India’s exports to the Netherlands rose by about 48 per cent to $18.52 billion during 2022-23 as against $12.5 billion in 2021-22.

In 2021-22 and 2020-21, the outbound shipments to the European country stood at $12.55 billion and $6.5 billion, respectively. The exports are registering healthy growth continuously since 2000-01, when India’s exports to that nation was $880 million.

This story is from the May 15, 2023 edition of Millennium Post Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the May 15, 2023 edition of Millennium Post Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM MILLENNIUM POST DELHIView All
REACHING FOR THE SKIES - IS FLIGHT ATTENDANT CAREER STILL SOARING?
Millennium Post Delhi

REACHING FOR THE SKIES - IS FLIGHT ATTENDANT CAREER STILL SOARING?

Having a bachelor's degree can benefit your career within or outside the aviation industry

time-read
2 mins  |
Delhi 30 May 2024
India train in 'Big Apple': Getting used to cooler temperatures, playing white-ball games in morning
Millennium Post Delhi

India train in 'Big Apple': Getting used to cooler temperatures, playing white-ball games in morning

After two months of intense competitive cricket under night lights, the Indian cricket team, sans Virat Kohli, began its preparations for the T20 World Cup with a morning training session here, keeping in mind the 10.30am starts for all its preliminary games.

time-read
1 min  |
Delhi 30 May 2024
Djokovic beats Pierre-Hugues Herbert, sails into secondround of French Open
Millennium Post Delhi

Djokovic beats Pierre-Hugues Herbert, sails into secondround of French Open

Djokovic beats Pierre-Hugues Herbert, sails into secondround of French Open

time-read
2 mins  |
Delhi 30 May 2024
Irdai directs health insurers to decide on cashless authorisation in 1 hour
Millennium Post Delhi

Irdai directs health insurers to decide on cashless authorisation in 1 hour

‘The master circular on Health Insurance products repeals 55 circulars issued earliera

time-read
2 mins  |
Delhi 30 May 2024
Millennium Post Delhi

RBI imposes business restrictions on Edelweiss’ lending ARC arms on evergreening concerns

The Reserve Bank on Wednesday imposed business restrictions on Edelweiss Group's lending and asset reconstruction arms on concerns over evergreening of loans.

time-read
2 mins  |
Delhi 30 May 2024
Millennium Post Delhi

Sensex declines 667, Nifty falls to 22,700 level on profit taking

Benchmark equity indices Sensex and Nifty declined nearly 1 per cent on Wednesday, continuing their losing streak for the fourth day running amid profit-taking by cautious investors ahead of the results of the Lok Sabha polls and weak global trends.

time-read
1 min  |
Delhi 30 May 2024
Empowering transformation
Millennium Post Delhi

Empowering transformation

Through iTeach Schools, Neha Vaidya has embarked on an impactful journey of enabling underprivileged children to defy the odds of poverty and attain social justice and educational equity

time-read
4 mins  |
Delhi 30 May 2024
Heavy downpour and waterlogging haunt Kerala capital, IMD revises rain updates
Millennium Post Delhi

Heavy downpour and waterlogging haunt Kerala capital, IMD revises rain updates

2,054 people from 666 families have been relocated to 34 relief camps due to severe flooding

time-read
1 min  |
Delhi 30 May 2024
Mizoram landslides death toll rises to 29; seven still missing
Millennium Post Delhi

Mizoram landslides death toll rises to 29; seven still missing

MISSING PERSONS PRESUMED TRAPPED UNDER DEBRIS

time-read
2 mins  |
Delhi 30 May 2024
'Is there any conspiracy behind deterioration of Naveen Patnaik's health'
Millennium Post Delhi

'Is there any conspiracy behind deterioration of Naveen Patnaik's health'

Prime Minister Narendra Modi on Wednesday promised that if the BJP formed the government in Odisha, it would constitute a committee to ascertain the reason behind the \"sudden\" deterioration of the health condition of Chief Minister Naveen Patnaik, hinting at a \"conspiracy\" behind it.

time-read
1 min  |
Delhi 30 May 2024