India's exports to and from EU register decline

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Brussels, Sep 19: Exports from the European Union (EU) to India have dropped six per cent to 19.3 billion euro (around $25 billion) for January-June 2012 form 20.6 billion euro (around $27 billion) for the corresponding period in 2011, said agency sources.

According to EuAsiaNews, Indian exports to the 27-member EU declined by about 11 per cent to 18.4 billion euro for January-June 2012 from 20.6 billion euro for the same period last year, the EU's statistical office Eurostat informed, said the agency.

It was also learnt that EU exports to most of its major clients grew in the same period, excepting India (-6 per cent) and Turkey (-2 per cent). Russia and South Korea (both registering 18 per cent rise), Japan (16 per cent rise) and Brazil (15 per cent increase) were among the frontline export partners of the EU.

Regarding the EU's imports, the biggest increases were in imports from Norway (11 per cent) and South Korea and the USA (9 per cent rise). Japan was another country that witnessed a decline of 5 per cent with regard to EU's imports.

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