News: In 2023-24, the Netherlands became India’s third-largest export destination, following the U.S. and UAE, despite a slight dip of over 3% in India’s overall merchandise shipments.
- Key Commodities: Significant export growth was noted in petroleum products ($14.29 billion), electrical goods, chemicals, and pharmaceuticals during the fiscal year.
- Trade Surplus: India’s trade surplus with the Netherlands increased from $13 billion in FY23 to $17.4 billion in FY24.
