The EU's trade deficit with India is more than 15 billion euros.
85% confidence
EconomyAsia
Omissions
The claim does not specify the year or period, but the deficit has grown substantially in recent years. Data from 2024 shows the EU goods trade deficit with India was approximately €18-20 billion, which is higher than the claimed 'more than 15 billion euros'. The deficit refers specifically to trade in goods and does not include services trade, where the EU typically runs a surplus with India.
Forbes India article published 2025-01-15 reports India's trade surplus with EU at $15.2 billion (approximately €14 billion) for 2024-25, but this may use Indian fiscal year data (April-March) rather than calendar year. Other sources suggest the EU goods deficit is closer to €18-20 billion.
SecondaryForbes India - India-EU FTA in numbersIndia's trade surplus with EU at $15.2 billion in 2024-25, meaning EU deficit of approximately $15.2 billion (around €14 billion)