Netherlands Becomes India’s 3rd Largest Export Destination | 08 Jun 2024

Source: TH

The Netherlands has become India’s 3rd largest export destination in the world in 2023-24, after the US and UAE.

  • It is among the top trading partners of India in Europe, after Germany, Switzerland, the UK and Belgium.
  • Exports to the Netherlands grew by about 3.5% reaching USD 22.36 billion in 2023-24, from USD 21.61 billion in 2022-23.
    • The Netherlands constituted 2.36% of India’s total trade in 2022-23.
  • Netherlands is also a major investor in India.
  • About Netherlands:
    • Bordering Countries: North Sea to the north and west, Germany to the east, and Belgium to the south.
    • Capital: Amsterdam (official), The Hague (seat of government).
    • Form of Government: Constitutional Monarchy with a Parliamentary system.
    • Major Rivers: Rhine, Meuse, and Scheldt.

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