EU-India trade drops

Exports from the 27-member European Union (EU) to Indiadropped six percent to 19.3 billion euro (around $25 billion) for January-June2012 from the 20.6 billion euro (around $27 billion) for the same period in2011.

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

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

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

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

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

Related Stories

No stories found.
The New Indian Express
www.newindianexpress.com