Petras Gražulis· ESN

Unverifiable

Currently, without a signed free trade agreement with India, the trade deficit amounts to approximately 10 billion euros.

Omissions

• The claim does not specify the year or time period for the 10 billion euro deficit figure. Trade deficits fluctuate annually and without a specific reference year, the claim is difficult to verify.
• No official source from Eurostat or the European Commission Directorate-General for Trade confirming the specific 10 billion euro deficit figure was found in available sources.
• The Indian Embassy data found appears to represent only partial trade categories, not total bilateral trade.

Sources

• PrimaryIndian Embassy Brussels - Bilateral Trade Statistics India-EU Trade in GoodsIndian exports to EU: €6.32bn in 2023 (down 21.7% from 2022); Indian imports from EU: €4.86bn in 2023 (down 25.9% from 2022). This suggests an EU trade deficit with India of approximately €1.46bn for these categories.
• PrimaryEuropean Commission - EU trade relations with IndiaThe EU is India's largest trading partner, accounting for trade in goods worth €120 billion in 2024, or 11.5% of India's total trade. India is the EU's 9th largest trading partner.