What moves on this corridor.
India exports → EU
USD 3.2B plastics and rubber annually — engineering plastic components (ABS, PA6, PC for automotive and electronics); technical rubber goods (seals, gaskets, hoses, O-rings for industrial and automotive); plastic packaging (PET bottles, HDPE containers, flexible packaging); specialty composites (glass-fibre, carbon-fibre reinforced polymer components for industrial); medical plastics (IV bags, syringes, medical-grade polymers for EU healthcare)
Top India states: Gujarat (Vapi, Ankleshwar — plastics processing; Rajkot — engineering plastic components), Maharashtra (Pune — automotive plastic Tier 1; Mumbai — packaging plastics), Tamil Nadu (Chennai — automotive rubber; Ambattur — engineering plastics), Rajasthan (Jaipur — leather alternative and technical rubber goods), Karnataka (Bangalore — composites for electronics and industrial)
EU exports → India
EUR 2.1B annually — specialty polymer compounds (BASF Ultraform, Covestro Makrolon, Lanxess performance rubbers — high-performance polymers for India automotive/electronics); plastic processing machinery (KraussMaffei, Engel injection moulding machines); specialty recycled content compounds (rPET, rHDPE for India brand compliance); EU technical standards for automotive plastic components (IMDS, REACH compliance)
Top EU buyers: Germany (automotive Tier 1 plastic components — Continental, Bosch, ZF; BASF specialty polymers), Italy (packaging plastics — LyondellBasell Italy; automotive plastics; packaging machinery — Sacmi), France (Plastic Omnium automotive exteriors; Schneider Electric technical plastics; Michelin — technical rubber), Netherlands (LyondellBasell HQ; Avery Dennison labelling; specialty packaging), Belgium (Bekaert reinforcement materials; Solvay specialty polymers)
Growth rate
+9% CAGR India plastics exports (2019–2024) · Technical rubber +12% CAGR · Composites +18% CAGR · Bio-based and recycled plastics +35% CAGR (EU mandate-driven)
FTA duty impact
Plastics and articles (HS 39): 6.5% → 0% (Year 5 FTA). Rubber articles (HS 40): 3.5–6.5% → 0% (Year 3–5). These duty reductions (6.5% → 0%) are commercially significant for high-volume commodity plastic supply — EUR 130M+ annual duty saving at current India-EU plastics trade volumes.