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EU's garment imports from India at $5.4 billion, both eye FTA

23 Jan '25
2 min read
EU's garment imports from India at $5.4 billion, both eye FTA
EU's garment imports from India at $5.4 billion, both eye FTA

Insights

  • Indian Minister Piyush Goyal and EU Commissioner Maros Sefcovic met to discuss a Free Trade Agreement, aiming for greater market access.
  • India's garment exports to the EU reached $****.*** billion in Jan–Oct 2024, with a ***.* per cent share.
  • Despite some fluctuations due to Covid-19 and the Russia-Ukraine war, EU apparel imports totalled $*****.*** billion in 2023.

According to Fibre2Fashion&#**;s market insight tool TexPro, India’s share was *.** per cent of the total garment imports of $***.*** billion in the first ten months of ****. The economic bloc had imported garments worth $***.*** billion in ****. Of this, the imports from India were recorded at $*.*** billion, which accounted for *.** per cent of the total.

India has not been able to improve its presence in the European garment market in recent years. The EU’s imports from the partner nation were recorded at $*.*** billion in ****. The inbound shipments dropped to $*.*** billion in **** but recovered to $*.*** billion in **** and further rose to $*.*** billion in ****. However, trade declined to $*.*** billion in ****.

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