UAE and India - Strategic Economic Relations

Mr. Massimo Falcioni 

Chief Executive Officer of Etihad Credit Insurance

The UAE and India have always had strong economic relations, with trade ties seeing major leaps over the past years. We have recently signed an MOU with our Indian counterpart ECGC (the export credit company of India) which further reflects our shared goal of propelling businesses in our respective countries to greater heights.

Data released by the UAE Ministry of Economy in showed that non-oil exports and re-exports between the two nations in 2019 reached over AED24 billion and nearly AED30 billion respectively.

India’s Ministry of External Affairs reported that the current trade between the two nations is valued at around $60 billion, making the UAE India’s third-largest trading partner.

According to the Embassy of India to the UAE, the UAE exports to India items such as petroleum and petroleum products, precious metals, minerals, chemicals, and wood products. The UAE also exported $10.9 billion of crude oil to the UAE in 2019-2020.