India's main European export destinations are Spain, Germany, Belgium and Poland.
The structure of India's exports to the European Union is undergoing quiet but steady changes.
According to the latest data from the Ministry of Commerce, traditional markets are maintaining their positions, while new areas of strong growth are emerging in the EU.
Spain, Germany, Belgium and Poland are becoming increasingly reliable and important destination countries for Indian goods. This trend indicates that India is pursuing a more balanced and diversified export strategy across Europe.
Record growth in Spain with growth above 56 percent
Spain has become a growing market among the EU countries, which has significantly increased India's export performance. Between April and November of the current fiscal year, India's exports to Spain increased by more than 56 percent, rising from US$3 billion in the same period last year to US$4.7 billion.
This significant increase increased Spain's share of India's total exports by 0.5 percentage points to 2.4 percent. As a result, Spain became the EU country with the largest increase in market share over the same period.
Germany retains its position as a reliable market
Germany, India's largest export destination in Europe, remains characterized by stable demand rather than rapid growth. Exports to Germany increased by 9.3% year-on-year between April and November, reaching 7.5 billion US dollars from 6.8 billion US dollars.
Officials said Germany maintained a 2.6% share of India's total exports and achieved a 0.2 percentage point increase in market share. This forecast highlights that Germany remains a reliable and stable market for Indian goods.
Author: SteelRadar Editorial Team
Steelradar.com