Bilateral trade between the UAE and India accounted for US$ 17 billion during the first half of 2016. The two countries are aspiring to increasing trade by 60 percent to US$ 100 billion, reaching US$ 368 billion by 2020. UAE's imports from India rose to US$ 11 billion in the first half of 2016, while non-oil exports to India reached 6 billion during the same period.India is the UAE's second largest trading partner after China. The UAE, on the other hand, is the largest Arab investor in India and the 11th foreign investor, in terms of Foreign Direct Investments (FDIs). The total value of Emirati investments in India was estimated at US$ 9 billion in 2015.UAE investments in India span over a number of sectors, including construction, energy, metal industries, services, software and systems, petroleum products, precious metals, chemicals and wood products.