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India diversifies EU export portfolio

15 Jan 2026 16:17 reported by Ranny Fang

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India’s export structure to the European Union continues to improve, with both traditional markets and fast-growing new destinations supporting more balanced growth. 

According to the latest data from India’s Ministry of Commerce, Spain, Germany, Belgium, and Poland are becoming increasingly important export markets, highlighting India’s diversification strategy across Europe. 

Spain stands out as the strongest growth driver. During April-November of FY2024/25, Indian exports to Spain surged by over 56% year on year to US$4.7 billion, raising Spain’s share in India’s total exports to 2.4%, the largest increase among EU members. 

Germany, while not posting explosive growth, remains a stable pillar, with exports rising 9.3% to US$7.5 billion and its share edging up to 2.6%. 

Overall, the mix of rapidly expanding markets like Spain and steady demand from Germany is strengthening India’s export resilience and growth momentum in the EU.

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