EU-India trade exchanges up by 25%,

EU-India trade exchanges up by 25%,

Brussels (EuAsiaNews ): Exports from the 27-member European Union to India increased from 16.4 billion euro in the period January-June 2010 to 20.5 billion euro in the period January-June 2011.

Exports from India to the EU went up from 16.3 billion euro in the first six months of last year to 20.4 billion euro for the first six months of 2011.

EU-India trade exchanges thus increased by 25% according to figures released by the EU’s statistical office, Eurostat.

EU trade with all its major partners grew in January-June 2011 compared with January-June 2010, except for imports from South Korea (-7%).

The highest increases were recorded for exports to Russia (+36%), Turkey (+35%), India (+25%), China (+23%) and South Korea (+20%), and for imports from Russia (+30%), India (+25%), Brazil (+24%), Norway (+22%) and Turkey (+19%).

The EU trade deficit increased with China (-74.6 bn euro compared with -72.1 bn), Russia (-49.5 bn compared with -39.9 bn) and Norway (-24.3 bn compared with -18.8 bn), remained nearly stable with Japan ( 10.9 bn compared with -11.1 bn), but fell with South Korea (-2.5 bn compared with -6.4 bn) in the same six-month period.

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