The EU and India – facts
and figures on trade in
Directorate-General for Agriculture
Absorbing a large part of its exports, the EU is India’s most
important trading partner. The EU is also the leading
importer of agricultural products – a fact brought out in
particular in its relationship with India. Over the last decade
EU-India trade in agricultural products has more than
doubled, resulting in a favourable trade balance for India.
Importance of agriculture in India
In many agricultural sectors, India is the world’s leading or
one of the largest producers. It is, for example, the second
largest milk producing country in the world. Its agricultural
sector is characterised by a high degree of product diversity.
The complementary nature of a number of important Indian
agricultural products, in comparison to those produced in the
EU, offers India significant export opportunities to the EU
market. Agricultural exports are very important for India and
it has worldwide trade links.
EU/India trade in agricultural products – 2000
Total trade in agricultural products1 between India and the
EU is worth € 1.4 billion, or 5.56% of total trade (almost
25.6 bio €). In 2000, the EU exported € 152 million of
agricultural products to India, and imported € 1 274 million
of agricultural products, giving a deficit of € 1 122 million2.
Such figures bear witness to the substantial market access
provided by the EU to its trading partners such as India,
which has seen strong growth in its exports to the EU in
recent years (an increase of 23% compared to 1999, an
increase of 10.5% for agricultural products).
Our top five imports from India are: coffee, tea, mate and
spices (351 mio), fruit and nuts (228 mio), animal or
vegetable fats and oils (134 mio), cereals and rice (99 mio)
and lacs, gums, resins and other vegetable saps (77 mio).
Our top five exports to India are: animal or vegetable fats and
oils (37 mio), beverages spirits and vinegar (21 mio), oil
seeds and oleaginous fruits (7.8 mio), b