India's Exports Surge: Spain, Germany, and Belgium Lead the Charge in EU Markets
Emerging Export Markets for India
New Delhi: Recent data from the commerce ministry reveals that Spain, Germany, Belgium, and Poland are becoming significant and stable markets for Indian exports within the European Union's 27-member bloc.
Spain has emerged as a particularly high-growth market for Indian goods, with exports soaring by over 56% from USD 3 billion to USD 4.7 billion during the April-November period of this fiscal year.
This increase has elevated Spain's share of India's total exports to 2.4%, marking a notable rise of 0.5 percentage points—the largest increase among European partners during this timeframe.
In addition, exports to Germany have also seen a rise of 9.3%, climbing from USD 6.8 billion to USD 7.5 billion in the same period.
An official noted, "Germany holds a 2.6% share in India's total exports, with a positive gain of 0.2 percentage points, indicating a consistent demand for Indian products."
Shipments to Belgium increased slightly from USD 4.2 billion to USD 4.4 billion during the April-November 2025-26 period.
Exports to Poland grew by 7.6%, reaching USD 1.82 billion, up from USD 1.69 billion in the previous year.
These trends suggest a strategic approach to India's exports in Europe, showcasing rapid growth in Spain, steady progress in Germany, and resilience in Belgium, which together reflect a balanced export strategy that diversifies from traditional markets while consolidating in established economies.
As India and the EU continue discussions on a free trade agreement, the bilateral trade is anticipated to grow robustly despite global economic challenges.
In the fiscal year 2024-25, India's trade in goods with the EU reached USD 136.53 billion, comprising USD 75.85 billion in exports and USD 60.68 billion in imports, making the EU India's largest trading partner.
The EU accounts for approximately 17% of India's total exports, while its exports to India represent 9% of its overall shipments.
If the trade agreement is finalized, Indian exports to the EU—including ready-made garments, pharmaceuticals, steel, petroleum products, and electrical machinery—could become even more competitive.