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India - Germany Business and Cultural Council

Germany, located in central Europe, is known for its rich history, cultural heritage, and economic strength. It boasts vibrant cities like Berlin and Munich, a robust industrial sector, and contributions to art, science, and technology.

Ambassador and Consul General

Global India Business Forum is proud to be associated with Germany, an important G-20 nation. It is an important country in terms of business opportunities. Global President of GIBF, Dr. Jitendra Joshi and Co-Founder & Director - Global Operations, Deepali Gadkari had a great interaction with Germany Consul General, Mr. Achim Fabig. They got inputs from the CG for FTA. Germany companies can invest and expand their business activities in India.

Exports

Cars ($123B), Packaged Medicaments ($60.9B), Motor vehicles; parts and accessories (8701 to 8705) ($54.6B), Vaccines, blood, antisera, toxins and cultures ($34.1B), and Planes, Helicopters, and/or Spacecraft ($20.9B)

Imports

Cars ($68.9B), Motor vehicles; parts and accessories (8701 to 8705) ($36B), Packaged Medicaments ($32.2B), Broadcasting Equipment ($28.7B), and Vaccines, blood, antisera, toxins and cultures ($25.5B)

About Germany

Germany, formally the Federal Republic of Germany, is surrounded by nine nations, including Denmark, Poland, and France. It is situated in Central Europe. With more than 84 million people living there, it is the most populated nation in the European Union. Significant historical occurrences in Germany's past include the establishment of the Protestant Reformation, the rise and collapse of the Nazi regime during World War II, and the founding of the Holy Roman Empire. Germany was split into East and West after the war, which resulted in Cold War hostilities that lasted until the country's reunification in 1990. Germany is regarded as a major economic force in the world today, owing to its robust industrial foundation and high standard of living.
The nation, which is an important member of the European Union, has a mixed economic structure that incorporates government control and private sector. Frankfurt is Germany's financial center, and Berlin is the country's largest city and capital. Renowned for its artistic accomplishments, especially in the fields of philosophy, music, and literature, the country is known as the "Land of Poets and Thinkers." Germany boasts a rich natural heritage and biodiversity due to its different landscapes, which span from the flat plains of the North Sea to the mountainous areas of the Alps. The government is committed to tackling global issues like climate change, as evidenced by its strong promotion of sustainable practices and environmental protection.

Business Opportunities in Germany

The automotive industry, renewable energy, healthcare and life sciences, information and communications technology (ICT), retail and e-commerce, food and beverage, and skilled trades are just a few of the sectors in Germany offering significant business opportunities. As a global economic powerhouse, Germany boasts a highly skilled workforce, cutting-edge infrastructure, and a large consumer market. For foreign investors and entrepreneurs looking to expand, Germany provides a stable and attractive environment. Success in the German market requires understanding local regulations, forming strategic partnerships, and offering high-quality products and services that meet the discerning tastes of German consumers.

Exports and Imports In Germany

In May 2024 Germany exported €129B and imported €107B, resulting in a positive trade balance of €21.4B. Between May 2023 and May 2024 the exports of Germany have decreased by €-1.5B (-1.15%) from €130B to €129B, while imports decreased by €-11B (- 9.29%) from €118B to €107B.

Top Exports of Germany

In May 2024, the top exports of Germany were Motor cars and motor caravans (€13.7B), Pharmaceutical products (€9.31B), Chassis, bodies, engines etc. for motor... (€7.13B), Machinery for electricity production, distribution (€6.27B), and Estimations for non-response (€5.14B).

Top Imports of Germany

In May 2024 the top imports of Germany were Machinery for electricity production, distribution (€6.54B), Motor cars and motor caravans (€5.93B), Pharmaceutical products (€5.71B), Petroleum oil and petroleum gases (€5.39B), and Chassis, bodies, engines etc. for motor... (€4.8B).

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