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EU-India trade drops

Published: 19th September 2012 12:20 PM  |   Last Updated: 16th October 2012 11:57 AM   |  A+A-

By IANS

Exports from the 27-member European Union (EU) to India dropped six percent to 19.3 billion euro (around $25 billion) for January-June 2012 from the 20.6 billion euro (around $27 billion) for the same period in 2011.

According to EuAsiaNews, Indian exports to the EU fell by 11 percent to 18.4 billion euro for January-June 2012 from 20.6 billion euro for the same period in 2011, the EU's statistical office Eurostat said.

It said that EU exports to most of its major partners grew in January-June 2012 compared to January-June 2011, except with India (minus 6 percent) and Turkey (minus 2 percent).

The most notable increases for exports for the EU were to Russia and South Korea (both recording an 18 percent increase), Japan (16 percent increase) and Brazil (15 percent increase).

With regard to the EU's imports, the pattern was mixed. The largest increases were for imports from Norway (11 percent increase), South Korea and the US (both 9 percent increase).

The largest falls were recorded with India (minus 11 percent) and Japan (minus 5 percent), EuAsiaNews reported.



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