India’s Exports to EU Rebalance as Spain Surges and Germany Anchors Growth
India’s export landscape in the European Union is undergoing a gradual but notable shift, with newer markets complementing traditional strongholds. Latest commerce ministry data show Spain, Germany, Belgium and Poland emerging as stable growth drivers for Indian goods, pointing to a more diversified export strategy within the 27-nation bloc. The EU currently accounts for about 17% of India’s total exports, underscoring its continued importance despite uneven global demand conditions.
Spain has emerged as the standout performer, with Indian exports jumping over 56% during April–November of the current fiscal to $4.7 billion, up from $3 billion a year earlier. This surge lifted Spain’s share in India’s total exports to 2.4%, marking the highest share gain among European partners. Germany, India’s largest export destination in Europe, delivered steadier growth, with shipments rising 9.3% to $7.5 billion, reinforcing its role as a reliable anchor market. Belgium and Poland also showed resilience, with modest but consistent increases in imports from India.
The improving export momentum coincides with ongoing India–EU negotiations on a long-pending free trade agreement, which officials expect to further boost bilateral trade. In 2024–25, India–EU goods trade reached $136.53 billion, making the bloc India’s largest trading partner. Sectors such as garments, pharmaceuticals, steel, petroleum products and electrical machinery stand to gain competitiveness if the pact is finalised, even as India simultaneously works to deepen trade engagement with the United States.
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