India / Spain

Overview In November 2024, India exported $319M and imported $157M from Spain, resulting in a positive trade balance of $162M. Between November 2023 and November 2024 the exports of India have decreased by $-45.6M (-12.5%) from $365M to $319M, while imports decreased by $-96.5M (-38%) from $254M to $157M.

Trade In November 2024, the top exports of India to Spain were Rmg Cotton Incl Accessories ($36.5M), Iron And Steel ($22.2M), Telecom Instruments ($19.7M), Residul Chemicl And Alled Prod ($19.1M), and Products Of Iron And Steel ($15.2M). In November 2024 the top imports of India from Spain were Petroleum Products ($54.9M), Indl. Machnry For Dairy Etc ($16M), Paint, Varnish And Allid Prodc ($12.6M), Paper, Paper Board And Product ($12.4M), and Residul Chemicl And Alled Prod ($12.3M).

Growth In November 2024, the decrease in India's year-by-year exports to Spain was explained primarily by an decrease in product exports in Aluminium, Products Of Aluminm ($-31.7M or -79.9%), Organic Chemicals ($-13.3M or -56.4%), and Manmade Yarn,Fabrics,Madeups ($-4.55M or -36.6%). In November 2024, the decrease in India's year-by-year imports  from Spain was explained primarily by an decrease in product imports  in Machine Tools ($-3.34M or -53.4%), Iron And Steel ($-2.88M or -32%), and Organic Chemicals ($-2.36M or -41.8%).