Germany and India - Exports and Imports

Germany and India - Exports and Imports:

 

Germany’s exports to India

As of December 2010, Germany is India's fifth largest trading partner worldwide, and the largest trading partner within the European Union, with an impressive share of 21 per cent of the total trade between EU and India. In line with its reputation of being one of the world’s leading exporters, German exports to India grew to €8.2 billion, growing at a rate of over 12 per cent in 2008. In 2009, this figure fell by 1.2 per cent to reach €8.1 billion. However, in 2010 it again increased by 15.7 per cent to reach €9.3 billion.

The top three winners of German exports to India were machinery, chemical products and data processing, electronic and optical equipment sectors. With the value of €2.9 billion, machinery took the lion's share of 31 per cent in Germany's total exports to India. Chemical products with €1.2 billion took a share of 13 per cent, and data processing, electronic and optical equipment grew to €894 million. Exports of electric equipment stood at €818 million. Metals and vehicle parts were other important export items, with a value of €614 million and €534 million respectively.

India’s exports to Germany

As of 2010, India stands 26th on the list of sourcing countries for Germany and 21st among important destinations for German exports.

Since the introduction of the Euro in Germany, Indian exports have risen steadily over the years. In 2006, it achieved a new milestone at €4.2 billion. 2007 and 2008 witnessed an upward swing with Indian exports to Germany touching the figures of €4.7 billion and €5.3 billion respectively.

And then recession came. In 2009, Indian exports to Germany declined by 3.3 per cent to touch €5.1. However, again in 2010 one saw a significant growth in Indian exports to Germany. With an increase of 21.3 per cent, the total exports reached €6.2 billion.

With 24 per cent of the total value, textiles accounted for the largest share of Indian exports to Germany worth €1.5 billion in 2010. At the second spot were chemical products with €585 million, followed by data processing, electronic and optical equipment with €579 million. The fourth and fifth spots were taken by machinery with €418 million and leather products with €396 million.