America And Brazil Are The Main Export Markets Of India
America and Brazil are the main export markets of India, but exports to China have increased significantly.
America is becoming the main export market of India. In the first 21 days of July this year, US$ 1458.50 million was exported, an increase of $493.22 million over the same period last year.
In the first three weeks of July, exports to the United Arab Emirates (UAE) amounted to $666.5 million, an increase of $373 million over the same period last year. In the midst of all this, exports to Brazil are increasing rapidly.
In July this year, Brazil exported $2125 million, an increase of $144 million compared to the first 21 days of July last year.
Not only this, exports to countries like China, Indonesia, and Australia are increasing rapidly.
According to the Ministry of Commerce and Industry, if the exports made in the year 2019 July are compared with the year 2021, then the highest increase has been in the exports to Indonesia during this period.
America and Brazil are the main export markets of India: It is followed by China and Australia.
According to the ministry’s data, in the first three weeks of July this year, exports to Indonesia were USD 232.7 million, an increase of USD 167 million over the same period of 2019.
In the first 21 days of July this year, exports of $ 414.7 million were made to China, which is $ 969 million more than the same period of the year 2019.
Exports to Australia in the first three weeks of July this year were USD 105.6 million, an increase of USD 587 million compared to the same period of 2019.
According to the Ministry of Commerce and Industry, between January and May this year, exports to China registered a growth of 46.15 percent over the same period last year, while exports to the US grew by 52.82 percent in the same period.
