Surat, known for its diamond industry and textiles, has become a significant global trade center, registering exports worth $10.55 billion (about Rs 95,710 crore) in the financial year 2024-25. This city has played a crucial role in Gujarat’s export economy, contributing over 27% to India’s total exports valued at Rs 9.83 lakh crore during the same period.
The Surat region is responsible for processing about 90% of the world’s diamonds, with the gems and jewellery sector making up around 70% of the city’s total exports. Besides diamonds, Surat has seen growth in various sectors like human-made fibers, organic chemicals, mechanical machinery, technical textiles, and fabric products, diversifying its industrial base.
Surat’s diverse industrial landscape has positioned it as a vital link in the global supply chain. The United States stands as Surat’s largest trading partner, receiving approximately 32% of its exports, with Hong Kong at 18% and the United Arab Emirates at 14%. The city’s trade relations are expanding with countries like Belgium, Israel, Saudi Arabia, and Thailand, showcasing its increasing presence in international markets.
To boost economic growth further, the Vibrant Gujarat Regional Conference (VGRC) – South Gujarat is scheduled to take place in Surat in April this year. The conference will focus on districts like Bharuch, Dang, Navsari, Surat, Tapi, and Valsad, emphasizing emerging sectors such as chemicals, textiles, gems and jewellery, pharmaceuticals, agriculture, and food processing.
