How much trade between india and Israel?

India established diplomatic relations with israel in the year 1992. Since then trade between the two countries has continued to grow. In 1992 the business was about 200 million dollars. Now it has increased to $10.7 billion in the financial year 2022-23, which does not include weapons.

Trade between the two countries has doubled in the last four years. Increase from $ 5.56 billion in 2018-19 to $ 10.7 billion in 2022-23. A growth of 36.90 percent was observed in trade between 2021-22 and 2022-23. India's exports in 2022-23 were worth $8.45 billion, while imports from israel stood at $2.3 billion. That means india got a trade surplus of 6.13 billion dollars.

In the first ten months (April to January) of the financial year 2023-24, there was a trade of $ 5.75 billion between india and Israel. In 2022-23, India's total trade of $1167 billion with israel was 0.92%. That year israel was India's 32nd largest trading partner.

India mainly exports precious diamonds, special fuel for aircraft, Basmati rice, T-shirts, and wheat to Israel. During 2022-23, only diesel and diamonds accounted for 78 percent of the total exports. At the same time, india imports space equipment, diamonds (diamond trade between the two countries is important), potassium chloride, machinery and their parts, and turbojet engines with a thrust of more than 25 kilo Newtons from Israel.

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