Israel trade with India doubled after Covid-19 pandemic, shows data

Petroleum products have been a key part of increased engagement

India’s trade ties with Israel have only strengthened in the years after 2019.

The total value of trade rose to $10.5 billion on a rolling four-quarter basis in June 2023 from $5.5 billion in the same month in 2019, shows a Business Standard analysis of data from the Centre for Monitoring Indian Economy (CMIE).

A rolling four-quarter number provides a comparable figure across different time periods. The 93 per cent increase has also seen the trade balance, the difference between imports and exports, become more favourable for India. India’s exports to Israel was around $1.9 billion more than imports in