Trade in services with India

The biggest exporters to India were Ireland (€4.7 billion), France (€3.9 billion), Germany (€3.7 billion) and Denmark (€2 billion). The biggest importers were Germany (€4.8 billion), the Netherlands (€4 billion), Ireland (€3.2 billion) and France (€2.4 billion). EU services trade with India is dominated by transport, telecoms/IT, other business services and travel. Together, these sectors account for more than 80 % of EU services exports to India and more than 90 % of EU services imports from India (see Figure 2). Furthermore, there was strong growth in bilateral trade in these key sectors between 2010 and 2019. For instance, EU imports of other business services from India doubled from US$5.29 billion to US$11.22 billion. Telecoms/IT services, another important sector for India, also saw increased imports by the EU, from US$4 billion to US$7.35 billion.