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The commerce ministry in its latest data has stated that India's exports to the UAE, with which a free trade agreement was implemented on May 1, rose by 17.6 per cent to about USD 18 billion during April-October this fiscal (FY23). However, exports in October dipped by 18 per cent to about USD 2 billion.

It mentioned Imports during April-October of FY23, on the other hand, increased by 33 per cent to USD 32.3 billion from the UAE. Further, imports from China during the same period grew by 18 per cent to USD 60.3 billion, while India's exports to China declined by 37.3 per cent to 8.8 billion.

Exports to India's major destinations, such as the US, UAE, China, Bangladesh, UK and Saudi Arabia, have recorded negative growth in October. On the other hand, exports registered positive growth in the Netherlands, Singapore and Brazil during the month. In April-October this fiscal, exports to the US rose by 8.4 per cent to USD 47 billion. Similarly, the outbound shipments to the UK during same period of the fiscal have increased by 8.3 per cent to USD 6.5 billion. This data is collated by the ministry's Directorate General of Commercial Intelligence and Statistics based on quick estimates.