What moves on this corridor.
India exports → EU
USD 1.8B annually — mica (natural sheet mica, mica powder — India #1 global supplier); graphite (natural graphite — India #2 global producer); manganese ore; bauxite; titanium minerals (ilmenite, rutile, leucoxene — IREL India); vermiculite; chromite; iron ore; natural abrasives; rare earth ores (minor quantities)
Top India states: Odisha (iron ore, manganese, chromite, bauxite — primary mining state), Jharkhand (coal, iron ore, copper, mica, bauxite — second largest mining state), Rajasthan (lead-zinc — Hindustan Zinc/Vedanta; copper; feldspar; mica), Karnataka (gold — Kolar Gold Fields legacy; manganese; kaolin), Andhra Pradesh/Telangana (barite, barytes #1 global; granite; limestone)
EU exports → India
EUR 2.1B annually — mining equipment (Atlas Copco — Sweden; Metso Outotec — Finland; Sandvik — Sweden; Thyssenkrupp Mining Systems — Germany); mineral processing technology (flotation, leaching, beneficiation equipment); EU rare earth processing technology (Rhodia-Solvay); environmental remediation technology for mine sites; EU geological survey services and geophysical technology
Top EU buyers: Finland (Outokumpu stainless steel — manganese; Keliber Lithium — EU lithium refining interested in India source diversification), Germany (BASF — battery materials, mica for electronics; H.C. Starck — specialty metals and minerals), France (Eramet — manganese and nickel processing; Orano — uranium mining technology), Netherlands (SRK Consulting — mining advisory; Borealis — specialty minerals for plastics), Sweden (Boliden — base metal mining technology; LKAB — mining innovation)
Growth rate
+18% CAGR India mineral exports (2019–2024) · Critical mineral processing +35% CAGR post-CRMA · India mining JV interest from EU +45% CAGR since India-EU CRM Partnership (2023)
FTA duty impact
Mining products tariff structure: Most ores and minerals face 0% EU MFN already. Processed minerals (HS 28 basic chemicals, HS 38 specialty chemicals from mineral processing): 0–6.5% → 0% (Year 3 FTA). Graphite anode material (HS 3801): 5% → 0% (Year 3). Mica (HS 2525): 0% (MFN already 0%). The commercial barrier is not tariffs — it is CRMA supply chain due diligence, environmental compliance, and EU demand for supply chain transparency.