EU27 trade in goods with India reached a peak in 2010, after the decrease recorded in 2009 which interrupted a period of growth since 2001. EU27 exports to India fell from 31.3 billion euro in 2008 to 27.4 bn in 2009, then rose to 34.8 bn in 2010. Imports decreased from 29.5 bn in 2008 to 25.4 bn in 2009, then increased to 33.2 bn in 2010. As a result, the EU27 trade surplus with India fell from 2.0 bn euro in 2009 to 1.6 bn in 2010.

The first ten months of 2011 showed continued growth in EU27 trade with India. Exports and imports both grew by 20% between the first ten months of 2010 and the same period of 2011, with exports amounting to 33.4 bn and imports to 33.3 bn. EU27 trade with India recorded a small surplus of 0.1 bn in the first ten months of 2011. Over the last decade, the share of India in EU27 trade has risen, reaching 2.7% of EU27 exports and 2.4% of EU27 imports in the first ten months of 2011. India is the EU27's 8th most important trading partner.

On the occasion of the 12th European Union - India summit, which will take place on 10 February in New Delhi, Eurostat, the statistical office of the European Union, issues data on trade and investments between India and the EU.

Germany, Belgium and the United Kingdom accounted for around 60% of exports to India

Among the EU27 Member States, Germany (8.8 bn euro or 26% of EU27 exports) was the largest exporter to India in the first ten months of 2011, followed by Belgium (6.6 bn or 20%), the United Kingdom (5.0 bn or 15%), Italy (3.1 bn or 9%) and France (2.5 bn or 7%). The United Kingdom (5.6 bn or 17% of EU27 imports) and Germany (5.5 bn or 17%) were the largest importers, followed by Belgium (4.7 bn or 14%), Italy (4.1 bn or 12%) and France (3.4 bn or 10%).

The largest surpluses in trade with India were observed in Germany (+3.2 bn) and Belgium (+1.9 bn), and the highest deficits in the Netherlands (-1.5 bn), Italy and Spain (both -1.0 bn).

Machinery and vehicles and other manufactured goods represented nearly 80% of EU27 exports to India in the first ten months of 2011, while other manufactured goods accounted for almost 50% of imports.