Netherlands jumps 5 places to become India's 5th-largest export destination

The Netherlands has emerged as India’s fifth-largest export destination in 2021-22 (FY22), jumping from its 10th position a year ago. Exports to the fifth-largest economy in the European Union (EU) bolted 94 per cent to $12.5 billion in the financial year ended March 31.

In FY22, the Netherlands surpassed Hong Kong, Singapore, the UK, Germany, and Nepal to become India’s largest export destination in the EU.

Germany, which was earlier India’s top European export destination (eighth position), has now dropped two ranks to 10th place.

While the US ($76.1 billion) remained India’s top export destination in FY22, the United Arab Emirates ($28 billion)