Netherlands Becomes India’s 3rd Largest Export Destination | 08 Jun 2024
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.
- India received about USD 5 billion in Foreign Direct Investment (FDI) from the Netherlands. It was $2.6 billion in 2022-23.
- 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.
