Drop in EU-India trade flows: Report
July 18th, 2009 - 2:29 am ICT by IANS
- Brussels, July 18 (IANS) The European Union (EU) exports to India between January and April stood at 8.3 billion euros (about $11 billion), while the figure in the same period last year was 10.3 billion euros (about $14 billion), the EuAsiaNews said Friday.
The Eurostat, statistical bureau of the EU, said the trade flow of the 27-member European block with all its major partners, including India, fell in the first four months of this year.
The largest decreases, however, were recorded for EU exports to Russia (-38 percent in January-April 2009 compared with the same period in 2008), Turkey (-36 percent), South Korea (-24 percent), and for imports from Russia (-42 percent), Japan and Turkey (both -28 percent), Brazil (-27 percent).
The EU trade surplus fell with the US (+8.9 billion euros in January-April 2009 compared with +22.4 billion euros in the same period in 2008) and Switzerland (+3.8 billion compared with +6.5 billion last year).
The EU trade deficit decreased with China (-46.9 billion compared with -49.1 billion), Russia (-12.8 billion compared with -24.6 billion), and Japan (-7.5 billion compared with -12.1 billion) for the same period.
Sphere: Related ContentRelated Stories
- EU trade surplus with India was over $3 bn in 2008 - Nov 04, 2009
- European exports fall despite economic recovery - Oct 16, 2009
- Spain's trade deficit plunges 52 percent - Oct 23, 2009
- Steep drop in FDI flows between EU, India - May 14, 2009
- Japan logs trade surplus in August, exports shrink - Sep 24, 2009
- India's exports decline for 12th consecutive month to $13.6 bn - Nov 03, 2009
- European industrial production plunges as inflation drops - Apr 16, 2009
- India's exports dip between April and August - Oct 01, 2009
- China becomes Japan's biggest trading partner - Aug 19, 2009
- EU-India trade up by $13 bn in 2007 - Mar 20, 2008
- Business
- 1 billion
- brazil
- brussels
- china
- decreases
- european union
- eurostat
- four months
- india trade
- japan
- major partners
- russia
- south korea
- statistical bureau
- switzerland
- trade deficit
- trade flow
- trade surplus
- turkey
Posted in Business, |