AGRITECHNICA - world's No. 1 & leading trade fair for agricultural machinery with all market leaders at one location. It is held at the Hanover Fairground once every two years. (AGRITECHNICA 2022 was being cancelled as a result of the coronavirus pandemic).All leading companies in the sector present their products and innovations at the world's leading trade fair for agricultural machinery. AGRITECHNICA is the showcase for the global agricultural technology industry and a forum for future questions on crop production.

AGRITECHNICA 2023 will be presenting ideas that will transform GREEN PRODUCTIVITY into reality on farms. Exhibitors from around the world show solutions and visions for modern crop production. Various manufacturers, distributors of the engineering fraternity across the globe are going to showcase their products maintaining proper build-in relationship and networking, identifying existing and new products and suppliers.

India-Germany: Bilateral Trade

Germany is one of India’s most important partners in Europe owing to the strength of bilateral relations, as also Germany’s key role in the EU. India and Germany have a 'Strategic Partnership' that have further strengthened over the years. The rapidly expanding trade and commercial linkages form an important component of the multi-faceted partnership between India and the Germany. Germany is India’s largest trading partner in Europe. It has consistently been among India’s top ten global partners and was the seventh-largest trading partner in FY 2020-21.The two countries have a total bilateral trade of around USD 25 billion during 2021-22 and approximately around US$ 24 billion during April-Feb 2022-23.

Engineering trade data

Engineering trade accounts for around over 50% of bilateral merchandise trade between India and Germany. India’s engineering exports to Germany witnessed a growth of 36% in 2021-22 and 2.8% during April-Feb 2022-23 compared to same period last year. While engineering imports registered a growth of 4.8% during 2021-22 and 8.6% during April-Feb 2022-23 compared to same period last year.

Germany is India’s fifth largest export destination engineering products during 2021-22 vis-à-vis 2020-21 and third largest during April-Feb 2022-23. India’s engineering export share to Germany with respect to EU stood at 20% during April-Feb 2022-23. Major engineering products exported to Germany includes electronic machinery and equipment, industrial machinery for dairy and agriculture, products of iron and steel, auto components/parts, aluminium and products, IC engines and parts.

Given the profile agriculture machinery, India globally exports more than 26% to USA, 7.2% to Nepal, 5.5% to Bangladesh, 4.7% to Sri Lanka, 4.3% to Thailand, 3.2% to Germany and remaining 49% to other countries during 2021. While India ranks as the sixteenth destination in terms of Germany’s global import of Agricultural Machinery and the top importers being China, Italy, Czech Rep, Hungary, Poland constituting more than 45% share of USA imports and India share percentage in Germany’s import basket of agriculture machinery during the same period stood at 2%.