Bilateral Trade between India and the Gulf Cooperation Council grew from US$ 87.35 billion in FY 2020-21 to US$ 154.66 billion in FY 2021-22, registering an increase of 77.06% on a year-on-year basis. Since FY 2017-18, on a compounded annual growth rate basis, bilateral trade between India and the GCC has grown by 10.57%. 

Details of India’s exports to the GCC during the last five financial years is as follows:

India's Exports to GCC
Values in USD Billion
S.No.	Country	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
1	BAHRAIN	0.56	0.74	0.56	0.53	0.90
2	KUWAIT	1.37	1.33	1.29	1.05	1.24
3	OMAN	2.44	2.25	2.26	2.36	3.15
4	QATAR	1.47	1.61	1.27	1.28	1.84
5	SAUDI ARABIA	5.41	5.56	6.24	5.86	8.76
6	UAE	28.15	30.13	28.85	16.68	28.04
	GCC Total	39.39	41.62	40.47	27.76	43.93

Source: DGCIS

This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha today.

Bilateral trade growth between India and GCC surged, indicating renewed export recovery and market concentration shifts. Bilateral trade between India and the Gulf Cooperation Council rose from US$ 87.35 billion in FY 2020 21 to US$ 154.66 billion in FY 2021 22 (a 77.06% year on year increase), with a compounded annual growth rate of 10.57% since FY 2017 18. Export data for the last five financial years show the UAE and Saudi Arabia as principal markets, with increases also recorded for Oman and Qatar and smaller growth for Bahrain and Kuwait; figures are sourced to DGCIS and reported in a written parliamentary reply.