Archive · 13 Sep 2025
India-Central Asia Trade Reaches $1.7B, Eyeing Expansion
India and Central Asian countries are trading more, reaching $1.7 billion in 2023!
A new report by India Exim Bank and EDB suggests even bigger trade opportunities in areas like medicine, energy, and technology.
India mainly exports to Uzbekistan and imports from Kazakhstan.
The report suggests that both regions can collaborate on things like payment systems, make it easier for small businesses to trade, improve transport, and work together on new ventures.
These landlocked countries are becoming more important in the global economy.
India-Central Asia trade reached $1.7 billion in 2023, per a joint report.
The report identifies strong potential in pharmaceuticals, machinery, textiles, and other sectors.
Uzbekistan is the top export destination for India in the region.
Kazakhstan is India's primary supplier from Central Asia.
The report recommends enhancing trade finance, improving transport, and promoting joint ventures.
- Who
- India and Central Asian countries
- What
- A joint report highlights $1.7B in trade with potential for growth in pharma, energy, and tech.
- When
- 2023 (for trade data)
- Where
- India and Central Asia
- Why
- To unlock economic benefits and deepen cooperation.
- Trade Value (2023)
- $1.7 billion
- India's Investment in Central Asia (2010-2023)
- $1.5 billion
- India's Top Export Destination
- Uzbekistan (45.3%)
- India's Primary Supplier
- Kazakhstan (64.5%)
- Report Publisher
- India Exim Bank and Eurasian Development Bank (EDB)