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.
Last Updated: Aug 2011
