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Indian Merchandise Exports to Germany
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Indian merchandise exports to Germany is an integral part of the total Indian exports to Germany. It is one of the significant sector of the conducive bilateral trade between Germany and India.
Since 2004-05, bilateral trade between India and Germany bas growing at a record 20% for the past 3 years and yet India holds just about 0.45% of total German trade and ranks 7th among the Asian countries exporting to Germany.
Indian merchandise exports to Germany comprise of textiles, chemicals, metal products, leather, electro technical products, pharmaceuticals, and machinery. Since 1964, polished diamonds also have been a major Indian export to Germany. There are other prospective growth areas for the purpose of Indian merchandise exports to Germany, like software, biotech, entertainment, medium range engineering goods, sports goods, toys, and Christmas decorations.
The main merchandise exported to Germany from India are textiles. It has been recorded that there has been a remarkable growth in the export of textiles from 1962-1990. Initially, from 1962-1971, Indian export of textiles to Germany were at an annual average of just US$ 55 million which increased to an annual average of US$ 163 million during 1972-1981 and to US$ 255 million during 1982-1990. Not only textile yarn but even clothing forms a major part of the Indian merchandise exports to Germany, increasing from an annual average of US$ 96 million in 1972-1981 to US$ 282 million in 1982-1990
From 2002, there has been a shift in the Indian merchandise exports to Germany from textiles to machinery, which at present comprises nearly one-third of the total Indian exports to Germany. The export of leather goods has also exhibited a fair amount of growth from an annual average of US $34 million in 1962-1971, to US$ 86 million in 1982-1990. In 2001, another item of Indian merchandise exports to Germany - engineering goods was assessed to be €280 million.
Hindrances regarding Indian Merchandise Exports to Germany
There had been some set backs regarding the flow of the Indian merchandise exports to Germany like:
- The European Union anti-dumping and other punitive actions
- Denial of market access
- Problems regarding the visa regulations and work permits
- Obstacles on employment and labor laws
- Problems on taxation regulations and special regulations
The prospects of Indian merchandise exports to Germany is promoted under the vigilance of the Indo German Chamber of Commerce which has above 7000 members and is the largest bi-national German Chamber of Commerce abroad.
