EU-India trade drops in 2009February 17th, 2010 - 8:10 pm ICT by IANS
Brussels, Feb 17 (IANS) Export and import businesses between India and European Union countries have reduced by 15 to 16 percent during last year, EU office said Wednesday.
Exports from the 27-member body to India have decreased to 24.5 billion euro between January and November 2009, while the EU lost 15 percent of import from India during the same period as compared to the figure in 2008.
In 2008, total export from EU to India was registered worth 29.2 billion euro, up 16 percent from the last year’s figure, EU’s statistical office Eurostat said.
Exports from India to the EU have come down to 23.4 billion euro last year from 27.5 billion euro a year ago.
EU trade flows with all of its major partners fell, except for exports to China which grew by 2 percent, EuAsiaNews reported.
As compared to the figure of 2008, the largest decreases were recorded this year for EU exports to Russia (-39 percent), Turkey (-22 percent), Brazil (-21 percent), the US (-19 percent) and South Korea (-18 percent).
- EU exports to India up 28 percent - Jul 16, 2010
- EU exports to India hit $28 bn - Sep 18, 2011
- EU-India trade up 20 percent - Jan 20, 2012
- EU-India trade exchanges fall - Jul 17, 2012
- EU-India trade rises by 20 percent - Feb 09, 2012
- EU-India trade up 26 percent in 2010 - Oct 17, 2010
- EU exports to India in 2011 worth $36.5 bn - Nov 15, 2011
- India is EU's 9th major trading partner - Dec 09, 2010
- European Union-India trade flow shows upward trend - Apr 21, 2011
- EU trade deficit with China declines - Feb 14, 2012
- Drop in EU-India trade flows: Report - Jul 18, 2009
- European exports fall despite economic recovery - Oct 16, 2009
- EU trade surplus with India was over $3 bn in 2008 - Nov 04, 2009
- Eurozone's retail sales up - Mar 06, 2012
- Steep drop in FDI flows between EU, India - May 14, 2009
Tags: brazil, brussels, china, decreases, european union, european union countries, eurostat, import businesses, india trade, major partners, member body, russia, south korea, statistical office, turkey