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Monday, October 16, 2023

How is India's trade with Palestine? What things are exported and imported?

The war between Israel and Hamas is not showing any signs of stopping. After which now Israel has also prepared for strict action against Hamas. After India-Israel, let us tell you how are the trade relations between Palestine and India and what things both the countries export and import from each other.

War has broken out between Israel and Palestine. After which now Israel has also prepared for strict action against Hamas. India and Israel have good trade relations, but do you know what things are imported and exported between India and Palestine? Or how much is the trade between the two countries? If not, then let us tell you today how is the trade between the two countries and what things are exported and imported.

business worth billions of dollars

Israel acts as a link in trade between India and Palestine. If we look at the figures, there was a trade of 67.77 million dollars between India and Palestine in 2020. In this, India exported goods worth $67.17 million to Palestine and imported goods worth $0.6 million. At the same time, India also takes many things from Palestine. Which can affect both the countries.

India gives these things to Palestine

Marble, granite, plaster, cement, basmati rice, raw materials for making vaccines, animal products, vegetable products, precious or semi-precious stones, medical and surgical instruments and equipment are exported from India to Palestine.

India takes these things from Palestine

India imports fresh and dried dates, olive oil for household use and items made from base metals from Palestine. Apart from this, India's new economic corridor may also be affected by the Israel-Palestine war.

How will Israel-Palestine war affect India's plans?

On one hand, India is planning to complete this economic corridor in the coming 10 years. But, if the war between Israel and Palestine continues for a long time, then this plan will be shelved. Like the Russia-Ukraine war, this time too the world seems to be divided into two camps. While one group is supporting Israel and the other is supporting Palestine.

Meanwhile, the economic corridor that India has planned to develop will pass through these countries. In such a situation, if other countries also get involved in the war between these two countries, then the attention of other countries can be diverted from this ambitious plan of India and the plan will prove to be far-fetched.

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