According to Eurostat, EU trade with the Indo-Pacific region totaled €848.0 billion in 2024. Imports stood at €450.3 billion and exports at €397.7 billion, representing a 2.4% fall in imports but a 1.1% export increase from 2023. The Indo-Pacific accounted for 18.5% of all EU imports and 15.4% of exports, confirming its importance as a key trading partner.
Overall, from 2014 to 2024, imports from the region rose 81.1%, while exports grew 38.3%, as illustrated in the graph below:
Meanwhile, the EU’s trade deficit with the Indo-Pacific narrowed to €52.7 billion, down from a €98.3 billion peak in 2022, largely due to easing import growth—especially from India and Vietnam, driven by manufactured goods.
What Does This Mean for Global Buyers & Suppliers?
The Indo-Pacific remains a dynamic hub for sourcing and market expansion. Stabilizing trade flows suggest renewed equilibrium, with rising EU demand for manufactured products and resilient export growth offering opportunities for stronger supply-chain integration ahead of the EU–Indo-Pacific Ministerial Forum later this month.
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