EU emerges as key export destination for India
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New Delhi: Spain, Germany, Belgium, and Poland are emerging as stable and key export destinations for Indian goods within the 27-nation European Union bloc, according to the commerce ministry data.
The data showed that Spain stands out as a high-growth European market for Indian exports. Exports to Spain rose by over 56 per cent during April-November this fiscal to $ 4.7 billion from $ 3 billion in the same period of the previous financial year.
Spain's share in India's total exports rose to 2.4 per cent, with a notable gain of 0.5 percentage points, the highest share increase among European partners in the period.
Similarly, India's exports to Germany increased 9.3 per cent from $ 6.8 billion to $ 7.5 billion during the eight months of this fiscal.
"With a 2.6 per cent share in India's total exports and a positive share gain of 0.2 percentage points, Germany continues to provide stable demand for Indian products," an official said.
The country's shipments to Belgium edged up from $ 4.2 billion to $ 4.4 billion during April-November 2025-26. India's exports to Poland grew 7.6 per cent to $ 1.82 billion during the period from $ 1.69 billion in April–November 2024. "Taken together, these trends highlight a nuanced European strategy for India's exports. Rapid growth in Spain, steady expansion in Germany, and resilience in Belgium reflect a balanced export profile combining market diversification from traditional markets and consolidation in mature economies," the official said.
With India and the EU negotiating a free trade agreement, the bilateral trade between the two is expected to register healthy growth despite the global economic uncertainties. India's bilateral trade in goods with the EU was $ 136.53 billion in 2024-25 (exports worth $ 75.85 billion and imports worth $ 60.68 billion), making it the largest trading partner for goods.
The EU market accounts for about 17 per cent of India's total exports, and the bloc's exports to India constitute 9 per cent of its total overseas shipments.
Indian goods' exports to the EU, such as ready-made garments, pharmaceuticals, steel, petroleum products, and electrical machinery, can become more competitive if the pact sails through.
