India registers robust growth in exports to Spain, Germany, Belgium
The commerce ministry in its latest data has showed that Spain, Germany, Belgium, and Poland are emerging as India’s key export destinations within the 27-nation European Union (EU) bloc. Among these, Spain has emerged as a high-growth European market for Indian exports, with exports surging by over 56% to $4.7 billion during April-November of FY26 from $3 billion in the corresponding period of the previous fiscal. This sharp surge has resulted in Spain’s share in India’s total exports rising to 2.4 percent, a gain of 0.5 percentage points, the highest share increase recorded among European partners during the period.
Similarly, the data showed India's exports to Germany rose to $7.5 billion during the eight months of FY26 from $6.8 billion in the same period last year, reflecting a growth of 9.3 per cent. The country's shipments to Belgium rose slightly from $4.2 billion to $4.4 billion during April-November this fiscal. Also, India's exports to Poland grew 7.6 per cent to $1.82 billion during April-November 2025-26 from $1.69 billion in the same period of the previous financial year.
As India and the EU are moving closer to a proposed free trade agreement (FTA), the bilateral trade between the two is expected to register healthy growth despite the global economic uncertainties. India bilateral merchandise trade with the EU stood at $136.53 billion in 2024-25, with exports worth $75.85 billion and imports of $60.68 billion, making it the largest trading partner for goods. The EU market accounts for about 17 per cent of India's total exports, and the bloc's exports to India constitute 9 per cent of its total overseas shipments.
