Spain, Germany, Belgium Emerge Big Markets For Indian Exports

New Delhi: The government has said that several European nations including Spain, Germany, Belgium, and Poland are emerging as stable and key export destinations for Indian goods. “There are 27 nations in the European Union bloc whereas Spain stands out as a high-growth European market for Indian exports,” the government said.

According to the commerce ministry data, exports to Spain rose by over 56 per cent during April-November this fiscal to $4.7 billion from $3 billion in the same period of the previous financial year. “Spain's share in India's total exports rose to 2.4 per cent, with a notable gain of 0.5 percentage points, the highest share increase among European partners in the period,” the data showed.

Similarly, it showed that India's exports to Germany increased 9.3 per cent from $6.8 billion to $7.5 billion during the eight months of this fiscal. “With a 2.6 per cent share in India's total exports and a positive share gain of 0.2 percentage points, Germany continues to provide stable demand for Indian products,” an official said.

The country's shipments to Belgium edged up from $4.2 billion to $4.4 billion during April-November 2025-26. India's exports to Poland grew 7.6 per cent to $1.82 billion during the period from $1.69 billion in April–November 2024.

“Taken together, these trends highlight a nuanced European strategy for India's exports. Rapid growth in Spain, steady expansion in Germany, and resilience in Belgium reflect a balanced export profile combining market diversification from traditional markets and consolidation in mature economies,” the official said.

With India and the EU negotiating a free trade agreement, the bilateral trade between the two is expected to register healthy growth despite the global economic uncertainties. India’s bilateral trade in goods with the EU was $136.53 billion in 2024-25 (exports worth $75.85 billion and imports worth $60.68 billion), making it the largest trading partner for goods.