Statistical

Reports

Contents

1. Economic Trends

2. Trade Enquiries

3. CGI Outreach and Monthly

Germany Economic Growth

Dear Ladies & Gentlemen,

The Consulate General of India Frankfurt, Germany, is pleased to share the Monthly Report on the Commercial trends &

activities of the Consulate in its jurisdiction for the Month of December 2018. The German states, Northrhine Westphalia,

Hesse, Rhineland Palatinate and Saarland fall under the jurisdiction of the Indian Consulate in Frankfurt. We hope you find

the information useful and request you to share it with your colleagues.

Wishing you a happy holiday season!

With best regards,

Pratibha Parkar

Significant Economic Trends between India & the four German States under the

jurisdiction of Consulate General of India Frankfurt

The growth trend for the overall trade between India and Germany for the month of

September 2018 remained comparable to the figures in previous month of August. The

Bilateral Trade between India and the four States falling under the jurisdiction of this Post

witnessed an overall rise by 16.68 % in the period of Jan-September 2018 (€ 5504.04 million)

as compared to Jan-September 2017 (€ 5159 million).

The total bilateral trade between North Rhine-Westphalia and India in Jan-September 2018

witnessed an increase by 5.28.91% in comparison to the same period in 2017 and was €

3605.03 million; the total bilateral trade between Hesse and India experienced a increase (in

comparison to the last month) by 3.54% and was € 967 million; the total bilateral trade

between Rhineland-Palatinate and India increased by 11.12% and was € 749.18 million; & the

total bilateral trade between Saarland and India, witnessed a sharp increase by 44.58% and

was € 182.84million. The State of North Rhine Westphalia accounted for 22.36% of the total

trade between India and Germany.

The total volume of trade between the two countries stood at € 16125.61mn in Jan-September

2018 as compared to € 14308.38 mn in Jan-September 2017. The overall trade increased by

12.7% during this period. Indian exports to Germany during this time increased by 5.10%

whilst Indian imports from Germany experienced a substantial increase by 18.99%. The four

states falling under the jurisdiction of CGI accounted for 34.13% of the total trade between

India and Germany in Jan-September 2018.

COMMERCIAL

NEWSLETTER

DECEMBER 2018

Trade Fairs

B2G meets

Interaction

with SMEs

Growth of German Economy in the month of November 2018

Germany : Economy contracts for the first time in over three years

A flash release by the Federal Statistics Office (Destatis) on 14 November showed that the

German economy shrank for the first time since Q1 2015 and at the fastest pace since the first quarter of

2013. On a seasonally-, calendar- and price-adjusted basis, the economy contracted 0.2% over the

previous quarter in the third quarter, contrasting the 0.5% expansion in the April–June quarter. The

result reflected a weakening external sector and softening domestic demand. On a year-on-year basis,

the German economy expanded 1.1%, which was markedly down from the previous quarter’s 2.3%

increas.

Domestic demand in the quarter was primarily driven by fixed investment, particularly in

machinery and equipment, and construction. Meanwhile, growth in government consumption inched

up. More worrisome was the decrease in private consumption despite the unemployment rate dropping

to a new post-reunification low in September, higher wages and still-elevated consumer confidence. On

the external front, exports growth was down in the quarter while import growth picked up.

Subsequently, the external sector dragged on the economy. According to Carsten Brzeski, chief

economist at ING: “The poor export performance, despite a weak euro exchange rate, suggests that

trade tensions and weakness in emerging markets could continue to weigh on Germany’s growth

performance.”

The economy should rebound going forward, and Germany is expected to record another year of

robust growth this year and next. Domestic demand will likely remain buoyant and could receive a

boost from the increases to the minimum wage in January 2019 and 2020. A possible escalation in trade

tensions between the European Union and the United States, however, darkens the outlook, as does a

full-blown trade war between the U.S. and China. Moreover, on the domestic front, the state elections in

Bavaria and Hesse could increase tensions within the “grand coalition”.

Trade Enquiries CGI Frankfurt received enquiries of Indian and

German companies requesting us for export

promotion for the following products in the month

of November 2018:

- Agricultural Products, Spices, Coconut

Products

- Milk Products

- Food Products

- Natural Cosmetics

- Leather Goods, Leather Garments

- Furniture & Lighting

- Home Textiles

- Fabrics

We have sent relevant lists of German importers to the

Indian companies.

Commercial Outreach

We would be glad to receive your comments / suggessions on our Commercial Newsletter. Pls email us at com1.frankfurt@mea.gov.in

CG at the opening ceremony of the Euro Finance week org by dfv Media

Group with Karin Pickenhan, Procurist & Helena Nikkilä, Project Manager

CG addressing tourism show org. By PATA CG addressed the roadshow org. by Kerala Tourism for tour operators in Germany

CG visited the CLAAS plant in Harsewinkel

CG visit to the India Leather Days

org. By Council for Leather Exports

CG met with Mr. Ashok Aram, CEO,

EMEA, Deutsche Bank

CG with State Bank of India and ICICI talking about Indian reforms at

the ‚India Day‘ during the Opening conference , Euro Finance Week

Event on financial Inclusion of 1 bn Indian citzens at Frankfurt School of Finance

& Management

Consul (Com) Ms. Ruby Jaspreet attended the Health ingredients

(Hi) Europe & Natural ingredients (Ni) Trade Fair in Frankfurt