SME Times News Bureau | 19 Sep, 2012
India's exports to the 27-member European Union (EU) fall 11 percent for the January-June 2012 period, according to EuAsiaNews.
Exports to
the EU fell by 11 percent to 18.4 billion euro for January-June 2012 from 20.6
billion euro for the same period in 2011, the EU's statistical office Eurostat
said.
On the other hand, Exports from the EU
to India dropped six percent to 19.3 billion euro (around $25 billion) from the
20.6 billion euro (around $27 billion) for the same period in 2011.
EU's imports pattern was mixed. The largest increases were for imports
from Norway (11 percent increase), South Korea and the US (both 9 percent
increase).
The largest falls were recorded with India (minus 11 percent) and Japan (minus
5 percent).
EuAsiaNews said that EU
exports to most of its major partners grew in January-June 2012 compared to
January-June 2011, except with India (minus 6 percent) and Turkey (minus 2
percent).
The most notable increases for exports for the EU were to Russia and South
Korea (both recording an 18 percent increase), Japan (16 percent increase) and
Brazil (15 percent increase).
