2023
Flag  
GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC 
$54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC
$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195

About

Germany-India Trade: In 2023, Germany exported $17.7B to India. The main products that Germany exported to India were Planes, Helicopters, and/or Spacecraft ($2.47B), Machinery Having Individual Functions ($644M), and Motor vehicles; parts and accessories (8701 to 8705) ($596M). Over the past 5 years the exports of Germany to India have increased at an annualized rate of 3.73%, from $14.7B in 2018 to $17.7B in 2023.

In 2020, Germany exported services to India worth $2.77B, with Transportation ($1.12B), Computer and information services ($689M), and Other business services ($488M) being the largest in terms of value.

India-Germany Trade: In 2023, India exported $15B to Germany. The main products that India exported to Germany were Refined Petroleum ($831M), Broadcasting Equipment ($589M), and Motor vehicles; parts and accessories (8701 to 8705) ($584M). Over the past 5 years the exports of India to Germany have increased at an annualized rate of 7.31%,  from $10.5B in 2018 to $15B in 2023.

In 2023, India did not export any services to Germany.

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $17.7B to India. The main products exported from Germany to India were Planes, Helicopters, and/or Spacecraft ($2.47B), Machinery Having Individual Functions ($644M), and Motor vehicles; parts and accessories (8701 to 8705) ($596M). During the last 5 years the exports of Germany to India have increased at an annualized rate of 3.73%, from $14.7B in 2018 to $17.7B in 2023.

In 2018, India exported $15B to Germany. The main products exported from India to Germany were Refined Petroleum ($831M), Broadcasting Equipment ($589M), and Motor vehicles; parts and accessories (8701 to 8705) ($584M). During the last 5 years the exports of India to Germany have increased at an annualized rate of 7.31%, from $10.5B in 2023 to $15B in 2018.

Exports from Germany (Flag) to India (Flag) (2023)

Exports from India (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top Destination
United States$157B
India
Top Destination
United States$85.5B

This map shows whether countries import more from Germany or India. Each country is colored based on the difference in imports they receive from Germany and India or the difference in the growth in imports.

In 2023, countries that imported more from Germany than India included France ($118B), Netherlands ($108B), and China ($104B).

In 2023, countries that imported more from India than Germany included United Arab Emirates ($28.8B), Bangladesh ($11.3B), and Nepal ($7.25B).

Difference in imports from India (Flag) and Germany (Flag) (2023)

Comparative Advantage Germany - India

Flow
Scale

This chart compares trade between Germany and India by product, considering products traded by both, Germany and India.

During 2023, Germany had a large net trade with India in the exports of Machines ($7.01B), Transportation ($3.43B), and Chemical Products ($2.2B).

During 2018, India had a large net trade with Germany in the exports of Machines ($3.52B), Chemical Products ($2.71B), and Textiles ($2.03B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany India+$386MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential India Germany+$430MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Germany and India. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Germany.

Product Space of Germany (Flag) and India (Flag) (2023)

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