EU Imports From India In 2020 Recorded $8.1 Billion Decline

01 October 2021
EU India Trade Data

EU has been the largest trading partner with India since the inception of the 1994 Cooperation Agreement. India exported worth $48.1 billion of goods and services to the European Union in 2020, as per India export data 2020. Imports of EU goods and services accounted for $38.1 billion in India for the year 2020.

 

However, the trade between both geographical regions are recording a decline in the trade values. EU imports from India recorded a downward trend of $8.1 billion in the EU for 2020, while EU exports to India recorded a downward slope of $8.6 billion for 2020. Receive more of such import and export information from Export Genius.

 

Top Trading Countries

 

The top countries belonging to the European Union considered the potential for trade with India includes Germany, France, and the UK (before Brexit). While trade of these countries with India received an upward trend and a substantial increase initially but didn’t actually record a significant increase in the growth of trade values.

 

 

Top EU Countries Importing from India Jan 2020-Aug 2021

 

India recorded high export values with the countries of the European Union, starting with — Belgium with an export value of $40.9 billion, followed by Germany with an export value of $14.2 billion, the Netherlands with a value of $9.8 billion, Italy with a value of $9.6 billion, and France with a value of $8 billion along with other countries furthermore. According to our India database, flat-rolled iron and steel products were the highest traded commodities for Belgium with India for the taken period. Obtain in-depth information on Belgium imports for Heading 7210, and more commodities from the live data search feature.


 

Country

Value USD Billion

Belgium

40.9

Germany

14.2

Netherlands

9.8

Italy

9.6

France

8.0

Spain

6.0

Poland

3.3

Portugal

1.5

Denmark

1.3

Sweden

1.3

 

 

Top EU Countries Exporting to India Jan 2020-Aug 2021

 

European Union countries which accounted for the highest imported value in India were: Germany with the top imported value in India of $19 billion, followed by France with a value of $7.1 billion, Italy with a value of $6.9 billion, Belgium with a value of $5.9 billion, and Spain with a value of $4.1 billion along with other countries furthermore in the trade data below. According to the Export Genius database, the top importing partner, Germany, exported parts & accessories for transportation vehicles the most to India in the given period. Get Belgium import data on Heading 8708 or even other commodities.


 

Country

Value USD Billion

Germany

19.0

France

7.1

Italy

6.9

Belgium

5.9

Spain

4.1

Netherlands

3.0

Sweden

2.4

Austria

1.8

Poland

1.3

Czechian

1.2

 

 

Since the first EU-India summit in 2000, both regions have collaboratively worked on various initiatives such as climate change, sustainable development, etc. India and the European Union have recently resumed their negotiations on the Free Trade Agreement (FTA), dated 8 May 2021, taking key factors into account from the 1994 Cooperation Agreement between the countries.

 

The growth for trade between regions recorded a downfall by 8.07% in imports and 14.03% in exports. India’s growing regional and international significance is crucial for the EU’s economical, political and military growth and development. Acquire trade insights on imports and exports of India with other countries, or EU countries, from our largest trade database. With the help of our robust trade coverage, grow your business with relevant trade information.

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