The study is an attempt to investigate the India’s bilateral trade profile and export potential of India with United Arab Emirates (UAE) over the period 2001-2018. In addition to exploring the bilateral trade with UAE, it also throws light on how India has performed globally during the same period. In order to analyze India’s export intensity, complementarity, diversification & specialization we resorted to trade indices and Finally, Revealed Comparative Advantage Index (RCA) is calculated to find out what are the lines of specialization that India has in its anvil. Index of competitiveness is calculated both at the global and bilateral level i.e. RCA with world and Bilateral Revealed Comparative Advantage (BRCA) with UAE. It is found that, though, India is second largest supplier to UAE in Merchandise trade, still a major proportion of export revenue is coming from very few lines. Precious stones and Jewellery items accounts for around 30% of exports earning. Our calculations reveal that there are 228 products in which India has bilateral revealed comparative advantage with UAE, while globally it has revealed comparative advantage in 558 products. Thus, there exists a gap of around 377 products, which India can tap for additional US $ 6.42 billion of UAE demand where India supplies only US $ 1.21 billion as of 2018.