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India-EU trade in goods: €1.4 billion deficit in 2019

13/03/2020

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India was the EU's 10th largest partner for imports (2% of total extra-EU imports) and the 11th largest for EU exports (2% of total extra-EU exports) in 2019.

 

EU - India trade balance


The EU ran a trade surplus with India (meaning that it exported more than it imported) from 2009 to 2018. This trade surplus turned into a deficit in 2019, when it reached €1.4 billion.

 

EU trade in goods with India, 2009-2019

Source dataset: ext_st_eu27_2019sitc and DS-018995

 

EU exports to India were dominated by "machinery and vehicles", "other manufactured products" and "chemicals", which together accounted for 90% of EU exports to India. These categories also dominated imports, making up 81% of EU imports from India. At a more detailed level, "pearls and (semi-) precious stones” were the EU’s most exported product to India, while the most imported product from India were “petroleum oils other than crude”.

 

EU - India trade by main products


Germany: main trade partner with India
Among the EU Member States, Germany was the largest importer of goods from India (€7.5 billion) and also the largest exporter in 2019 (€11.9 billion).

 

Note: The European Union (EU) includes 27 EU Member States. The United Kingdom left the European Union on 31 January 2020. Further information is published here.

 

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