Commerce Department data shows China overtakes Netherlands as India’s third-largest export market

Key facts

• China became India’s third-largest export destination in February, overtaking the Netherlands.
• Exports to China grew 32.4 per cent to $1.67 billion in February, mainly due to a low base.
• Exports to the Netherlands fell sharply by 31.3 per cent to $1.29 billion in February.
• The United States (US) remained India’s largest export destination, followed by the United Arab Emirates (UAE).
• Shipments to the US declined nearly 13 per cent year-on-year to $6.89 billion in February.
• Exports to the UAE dipped marginally by 0.3 per cent to $3.25 billion in February.
• Exports to Germany and Hong Kong grew by 4 per cent and 32.1 per cent, respectively, in February.
• Overall merchandise exports declined 0.81 per cent year-on-year to $36.61 billion in February.
• Exports to seven of India’s top 10 destinations contracted during February.