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2023
Flag → Flag
Exports $15BRnk 4 / 220
2023
Flag → Flag
Top Product $831MRefined Petroleum
2023
Flag → Flag
Exports $17.7BRnk 21 / 220
2023
Flag → Flag
Top Product $2.47BPlanes, Helicopters, and/or Spacecraft
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
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 GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
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GDP PC$54,343CURRENT US$
Rnk 21 / 196
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195

About

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.

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.

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

Latest Trends

November, 2024

About

Overview In November 2024, India exported $785M and imported $1.67B from Germany, resulting in a negative trade balance of $890M. Between November 2023 and November 2024 the exports of India have increased by $115M (17.1%) from $670M to $785M, while imports increased by $514M (44.3%) from $1.16B to $1.67B.

Trade In November 2024, the top exports of India to Germany were Electric Machinery And Equipme ($75.5M), Rmg Cotton Incl Accessories ($52.4M), Indl. Machnry For Dairy Etc ($39.6M), Products Of Iron And Steel ($37.3M), and Telecom Instruments ($31.3M). In November 2024 the top imports of India from Germany were Indl. Machnry For Dairy Etc ($197M), Medical And Scientific Instrum ($74.5M), Auto Components/Parts ($72.4M), Electronics Components ($66.1M), and Electric Machinery And Equipme ($66.1M).

Growth In November 2024, the increase in India's year-by-year exports to Germany was explained primarily by an increase in product exports in Electric Machinery And Equipme ($30.6M or 68.1%), Accumulators And Batteries ($6.57M or 14.2k%), and Agro Chemicals ($2.75M or 73.9%). In November 2024, the increase in India's year-by-year imports  from Germany was explained primarily by an increase in product imports  in Motor Vehicle/Cars ($42.6M or 1.7k%), Other Misc. Engineering Items ($28.1M or 77.7%), and Medical And Scientific Instrum ($25.2M or 51.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$115M(17.1%)
IMPORT GROWTH (November 2023 - November 2024)$514M(44.3%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Germany and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Germany and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $15B in 2023.

In 2018, 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 2023 to $17.7B in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Germany
Top DestinationUnited States$157B

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

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

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

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

Comparative Advantage India - Germany

Flow
Scale

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

During 2023, India had a large net trade with Germany in the exports of Machines ($3.52B), Chemical Products ($2.71B), and Textiles ($2.03B).

During 2018, Germany had a large net trade with India in the exports of Machines ($7.01B), Transportation ($3.43B), and Chemical Products ($2.2B).

Potential Exports

Potential Exports

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

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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Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Germany (Flag) to India (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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