Germany is Nepal's third largest trading partner after India and the US, and the biggest export market for Nepali products in Europe. Germany is an important market for Nepal, particularly for carpets and textile products. Nepal's main imports from Germany are machinery and industrial products. In recent years, the bilateral balance of trade has regularly shown a surplus in Nepal's favour. The annual volume of bilateral trade has remained fairly constant over the last few years, at around EUR 50 million. Besides carpet, export to Germany from Nepal include handicraft, silver jewellery, garments, leather, wooden and bamboo goods, lentils, tea, essential oils from herb and aromatic plants. Nepal imports mainly industrial raw materials, chemicals, machinery equipment and parts, electric and electronic goods, vehicles etc. from Germany.