Economic

The trade between India and STP is almost negligible. Though STP importers are interested in procuring various items of interest from India, one of the constant complaints they have is that the shipping time and costs are quite high. Main items of imports have been pharmaceuticals, organic chemicals, cotton and optical, photographic, medical instruments etc. Bilateral trade figures for the last 5 years are given below:

(US$million)

 

2013-14

2014-15

2015-16

2016-17

2017-18

Indian Exports

0.92

1.47

0.93

0.92

0.89

Indian Imports

0.02

0.05

0.00

0.02

0.00

Total trade

0.92

1.52

0.93

0.95

0.89