India’s exports to Bangladesh rose 46% on an annualised basis at $3.16 billion in January-March, securing it the fourth position after the US ($15.41 billion), China ($5.92 billion) and UAE ($5.34 billion) Bangladesh has surpassed Hong Kong to become India’s fourth biggest export destination in the first three months of the current calendar year, and climbed four notches to fare in the country’s top five export destinations in 2020-21 because of New Delhi’s diplomatic efforts, logistical ease and a robust demand for Indian farm produce.
India’s exports to Bangladesh rose 46% on an annualised basis at $3.16 billion in January-March, securing it the fourth position after the US ($15.41 billion), China ($5.92 billion) and UAE ($5.34 billion), according to the latest data from the commerce ministry. Indian merchandise exports to Bangladesh, which saw a 35.14% year-on-year growth to $0.95 billion in January and 17%to $0.94 billion in February , witnessed a 93.45% annualised jump in March to $1.26 billion. India, which follows the April-March financial year, saw Bangladesh at the fifth position in its list of top export destinations for FY-21, a jump from the ninth rank in 2019-20, with an annualised growth of 10.83% to $9.09 billion. The top four export destinations in 2020-21 are the US ($51.63 billion), China ($21.2 billion), UAE ($16.68 billion) and Hong Kong ($10.15 billion).