India\'s Saudi Policy - P. R. Kumaraswamy, Md. Muddassir Quamar

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Table 9.1 India-Saudi Arabia bilateral trade (US$ million)

Year Export Import Total

trade

Trade

balance

India’s total

foreign

trade

Saudi

share

in

India’s

foreign

trade

(%)

Rank

1991–92 351.98 1109.34 1461.32 −757.36 45,163.70 3.20 8

1992–93 455.23 1374.63 1829.86 −919.40 45,540.98 4.01 8

1993–94 510.75 1221.59 1732.34 −710.84 54,984.74 3.15 8

1994–95 435.66 1273.07 1708.73 −837.41 68,290.63 2.50 9

1995–96 480.82 1367.21 1848.03 −886.39 72,581.40 2.55 8

1996–97 577.18 1819.65 2396.83 −1242.47 72,602.36 3.30 8

1997–98 689.89 1720.17 2410.06 −1030.28 76,269.47 3.16 9

1998–99 774.29 1831.47 2605.76 −1057.80 75,607.43 3.45 8

1999–2000 742.50 2419.24 3161.74 −1676.74 86,560.55 2.79 9

2000–01 822.94 621.12 1444.06 201.92 95,096.74 1.52 17

2001–02 826.43 463.99 1290.42 362.44 95,240.00 1.35 21

2002–03 940.74 504.72 1445.46 436.02 114,131.57 1.27 19

2003–04 1123.31 737.77 1861.08 385.54 141,991.66 1.31 19

2004–05 1412.06 1301.15 2713.21 110.91 195,053.37 1.39 19

2005–06 1809.77 1632.34 3442.11 177.43 252,256.26 1.36 20

2006–07 2590.77 13,355.33 15,946.10 −10.764.56 312,149.29 5.11 4

2007–08 3711.16 19,470.30 23,181.46 −15,759.14 414,786.19 5.59 4

2008–09 5110.38 19,972.74 25,083.12 −14,862.36 488,991.67 5.13 4

2009–10 3907.00 17,097.57 21,004.57 −13,190.57 466,824.31 4.50 4

2010–11 4684.40 20,385.28 25,069.68 −15,701.40 619,584.68 4.05 5

2011–12 5683.29 31,817.70 37,500.99 −26,134.41 795,283.41 4.72 4

2012–13 9785.78 33,998.11 43,783.89 −24,212.33 791,137.23 5.53 4

2013–14 12,218.95 36,403.65 48,622.60 −24,194.70 764,605.09 6.36 4

2014–15 11,161.43 28,107.56 39,268.99 −16,946.13 758,371.89 5.18 4

2015–16 6394.23 20,321.33 26,715.56 −13,927.10 643,296.76 4.15 4

2016–17 5134.63 19,945.17 25,079.80 −14,810.54 660,599.58 3.80 4

Source: Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India
and World Bank (https://wits.worldbank.org/CountryProfile/en/IND)

King Abdullah to India and in 2006–07 bilateral trade crossed US$15
billion. In the next two years it witnessed a 60 per cent increase to reach
US$25 billion in 2008–09. After a slight decline in the following year, it
rose to US$36 billion in 2011–12 and jumped to US$43 billion and
US$48 billion in 2012–13 and 2013–14, respectively. This happened

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