Trade & Commerce
Trade & Commerce
Bilateral trade between India and the Reunion Island has been constantly growing over the years. It has increased by 29.66% from US$58.67 million in 2019-20 to US$76.07 million in 2022-23 as shown in the bilateral trade data between India and the Reunion during the last 5 financial years as below:
(In US$ millions)
|
|
2018-19 |
2019-20 |
2020-21 |
2021-22 |
2022-23 |
|
India’s exports to the Reunion |
47.23 |
40.15 |
43.86 |
58.53 |
47.21 |
|
India’s imports from Reunion |
18.16 |
18.52 |
18.42 |
27.71 |
28.86 |
|
Total trade |
65.39 |
58.67 |
62.28 |
86.24 |
76.07 |
Data source, Department of Commerce, Govt. of India
Major exports from India to Reunion were fish, prawns, cereals, auto parts, metal & steel products, garments & textiles, Basmati rice, vegetables, spices, etc. India's imports from Reunion Island were mainly metal scraps, recycling materials (waste paper, carton), pulp, etc. In June 2013 the Indian Oil Corporation has signed a Memorandum of Intent with Reunion for collaboration in the oil and gas sector.
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