Indo - German trade in Engineering
India - Germany is India’s largest trading partner in Europe. From January to June 2019, the imports stood at €5.8 billion, out of which machinery imports comprised 25.6 percent and stood at €1.5 billion.
India ranks 15th globally, in the list of top 50 destinations for the German Mechanical Engineering exports. In 2019, the total import of machinery from Germany reached a volume of €3.07 billion.
Among the machinery sectors, major demand of German equipment was for Power Transmission (11.6%), Machine Tools (6.9%), Valves & Fittings (5.3%) and Air Handling Technology (5.1%). Out of the total export of German Mechanical Engineering to Asia of €41 billion, India is the second largest sales market in Asia for the German engineering industry, with a share of 7.5 percent, after China (45.8%). In 2019, India imported machinery of the value €24 billion globally. Germany is the 2nd most important supplier to India globally with a share of around 15 percent.
Facebook
Twitter
Linkedin
Subscribe 