Overview In March 2023, Germany exported €1.64B and imported €1.33B from India, resulting in a positive trade balance of €306M. Between March 2022 and March 2023 the exports of Germany have increased by €447M (37.5%) from €1.19B to €1.64B, while imports increased by €52.2M (4.08%) from €1.28B to €1.33B.
Trade In March 2023, the top exports of Germany to India were Other machinery (€71.5M), Aircraft (€62M), Machinery for electricity production, distribution (€62M), Other prefabricated chemicals (€51.2M), and Measuring and automatical control instruments (€47.6M). In March 2023 the top imports of Germany from India were Basic pharmaceutical products (€106M), Apparel of knitted or crocheted fabrics... (€64.9M), Other prefabricated chemicals (€62.3M), Machinery for electricity production, distribution (€46.4M), and Pharmaceutical products (€45.9M).
Origins In March 2023 the exports of Germany were mainly from Hamburg (€384M), North Rhine-Westphalia (€265M), Baden-Württemberg (€215M), Bavaria (€215M), and Hesse (€67.5M), while imports destinations were mainly North Rhine-Westphalia (€302M), Bavaria (€171M), Baden-Württemberg (€164M), Hamburg (€153M), and Lower Saxony (€142M).
Growth In March 2023, the increase in Germany's year-by-year exports to India was explained primarily by an increase in product exports in Aircraft (€60.9M or 5.55k%), Other machinery (€29.3M or 69.6%), and Machinery for mining, quarrying and construction (€22.6M or 200%). In March 2023, the increase in Germany's year-by-year imports from India was explained primarily by an increase in product imports in [object Object], [object Object], and [object Object].