Visualised: India - EU Trade

The India - EU trade is surely going to be an interesting one.

Together, the two accounted for €120 billion worth of goods trade in 2024.

Here are some interesting facts that make the trade agreement announcement stand out:

The EU is India’s largest trading partner but India is EU’s 9th largest trading partner (Well behind USA, China and UK)

In 2024, India exported goods with €71.3 billion to EU, in comparison to €48.8 billion worth of imports, reflecting a €22.5 billion trade surplus.

Just 4 EU nations (Netherlands, Germany, Italy and France) account for 54% of India’s exports.

While India imports almost 35% of its total EU goods just from Germany.

India’s exports to EU: machinery, appliances, chemicals, mineral products, base metals and textiles.

India’s imports from EU: machinery, appliances, transport equipment and chemicals.

Given the expected cut in automobile import tariffs by India, the move makes sense, as nearly 35% of imports originate from Germany, which will boost the sector.

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