The only other increase was for german shipments of aircraft and spacecraft via a 2% gain. Parallels the nation is the worlds thirdlargest arms exporter, and many weapons go to countries with questionable human rights records. Germanys top trading partners 2019 worlds top exports. United nations comtrade database international trade statistics importexport data. Over 100,000 german translations of english words and phrases. Based on provisional data, the federal statistical office destatis also reports that exports increased by 0. It has the largest national economy in europe, the fourthlargest by nominal gdp in the world, and fifth by gdp ppp. German exports in value added as a percentage of german gdp in %, 2011 50. In 2016, china became germanys largest trading partner and retained that spot for three consecutive years 2016, 2017, 2018. During the same period, exports to asia rose by 28 billion, while exports to the euro area fell by the same amount. The federal ministry of economics anticipates that by 2030, an additional two million people will be employed in the industry. German engineers with record exports in 2015, gloomy outlook this year. This page provides germany exports actual values, historical data, forecast, chart, statistics, economic calendar and news.
Oct 08, 20 german exports rise more slowly than expected as asia pacific leaders warn of weak trade and low global growth. Mineral fuels including oil represents the fastest grower among the top 10 export categories, up by 3% from 2018 to 2019. Weak german exports and asia pacific fears highlight sluggish global economy. Germany deu exports, imports, and trade partners oec. According to the ministry of commerce and industry, the fifteen largest trading partners of india. Download video 41mb watch other export market destination videos.
Germany is mainly exporting equipment, which helps our trading partners. Thousands of german manufactures, sellers, as well as importing and exporting companies have already joined our ecommerce business platform, now its your turn. Weak german exports and asia pacific fears highlight sluggish. This statistic shows the main export partners of germany as of 2017. Oec germany deu exports, imports, and trade partners. The best occasion to meet potential business partners in person is during trade fairs. Euro zone demand for german exports down almost 10% in june. These figures include trade in goods and commodities, but do not include services or foreign direct investment. British exports did not pick up in the way that most forecasters. This page displays a table with germany exports by country in u. That year, germanys main export partner were the united states with a 8.
Germanys export obsession is dooming europe to a depression. According to the ministry of commerce and industry, the fifteen largest trading partners of india represent 59. A detailed breakdown of fourthquarter national accounts data confirmed that the german economy flatlined over the prior quarter, contrasting the 0. Jul 22, 2019 this statistic shows the main import partners of germany as of 2017.
Falling trade within the eu strongly influenced 2012 results due to the weight of the eu in world trade totals. In 2017, the country accounted for 28% of the euro area economy according to the imf. Germany exports goods and services detailed breakdown confirms flatlining economy in q4. Renewed uncertainty about the euro reduced eu imports in 2012 and hit exports of trading partners. Indias largest trade partners with their total trade sum of imports and exports in billions of us. Merchandise trade statistics data for germany deu exports, to partner countries including trade value, number of product exported, partner share, and share in. Germanys new economy minister takes aim at arms exports.
List of the largest trading partners of germany wikipedia. In the year 2014, mineral fuels hs code 27 were the largest traded item with 181. Reach out to other german importing and exporting companies. Germany is the 2nd largest export economy in the world and the 3rd most complex economy according to the economic complexity index eci. The euro 1 eur 100 cents is the legal tender for 19 of the member states of the european union. The empirical evidence on the effects of those policies is, however, very limited.
All data are shown on a seasonally adjusted, balance of payments basis, at current prices unless otherwise stated. That year, germany s main import partner was the netherlands with a. Clal is a consulting firm with headquarters in modena, operating and providing services in the agrifood sector and particularly in the dairy sector. The peoples republic of china is again germanys main trading partner. This 20 article iv consultation highlights that germanys economic rebound of 201011 gave way to weakening momentum during the course of 2012. Merchandise trade summary statistics for china chn including exports and imports, applied tariffs, top export and import by partner countries and top exportedimported product groups, along with development indicators from wdi such as gdp, gni per capita, trade balance and trade as percentage of gdp for year 20. Oct 09, 2014 german exports plunged in august in a decline that will intensify fears the eurozones largest economy may be slipping into recession and boost calls from currency bloc partners for progrowth. Your products will be visible on our ecommerce website to all buyers, anywhere in the world. Germany has benefited from growth dynamics of trading partners and high income elasticities of demand for german exports indicate strong nonprice competitiveness. Issn 17253209 online issn 17253195 print european economy. Parallels the nation is the worlds thirdlargest arms exporter, and many weapons go. Jul 22, 2019 this statistic shows the main export partners of germany as of 2017.
This is a list of the largest trading partners of germany in 2016, based on data from the federal statistical office of germany destatis. Nov 02, 20 germanys export obsession is dooming europe to a depression. For this reason, many countries support exporters by underwriting export credit guarantees. German engineers with record exports in 2015, gloomy outlook. Germany abstract germany has a 9 percent share of the worlds merchandise exports, larger than that of the united states, an economy that is four times its size. In the first months of the new year the share of german exports going to france, the netherlands, italy and spain increased, while the share of exports going to the us slightly dropped. The economy of germany is a highly developed social market economy. Berlin ap germanys exports are expected to reach record levels this year and grow again in 20. The effect of exchange rate changes on germanys exports. Sep 23, 2014 germanys new economy minister takes aim at arms exports. The effect of exchange rate changes on germanys exports willem thorbecke research institute of economy, trade and industry kato atsuyuki waseda university abstract germanys nominal exchange rate has remained weaker because it is linked to weaker eurozone economies. Also shown is each import countrys percentage of total german exports. Ing international trade study germany ing wholesale banking. This entry provides a rank ordering of trading partners starting with the most important.
An industry group predicts german exports will rise 4 percent to 1. Merchandise trade summary statistics for germany deu including exports and imports, applied tariffs, top export and import by partner countries and top exportedimported product groups, along with development indicators from wdi such as gdp, gni per capita, trade balance and trade as percentage of gdp for year 20. The economy of germany has an economic complexity index eci of 2. In this paper, we use sectoral data on export credit guarantees issued by the german government. This statistic shows the main import partners of germany as of 2017. Mar 03, 2020 below is a list showcasing 15 of germanys top trading partners. As a consequence, exports may be lower than their efficient levels. Top five countries to which germany exported in 20 are below, along with the percent of total. It is europes export leader and has strengthened its position as europes growth engine during the. Globalized economies are strongly affected by global value chains. Dec 30, 2012 berlin ap germanys exports are expected to reach record levels this year and grow again in 20. German trade group predicts record exports in 20 yahoo.
Below is a list showcasing 15 of germanys top trading partners. The eu accounts for 55% of italys total exports and for 61% of its total imports. Italys largest eu trade partners are germany which receives around 18% of italys exports, france % and the uk 7%. It is europes export leader and has strengthened its position as europes growth engine during the crisis as exports rebounded to grow by 14. Pdf exporter and importer dynamics database for germany. German exports rise more slowly than expected as asia pacific leaders warn of weak trade and low global growth. German exports dropped significantly in may following two months of increases, adding to mixed signals about the strength of europes biggest economy. Its a strategy thats worked well for german gdp, though not for german workers. Cia world factbook this page was last updated on december 7, 2019. For extraeu trade, that is trade with noneu countries, the 3 main destinations of eu exports in 2015 were the united states 21% of all extraeu exports, china 10% and switzerland 8%. The firm is based on the teamwork of experts in the field, with backgrounds in management, production and consulting services.
Oec slovenia svn exports, imports, and trade partners. The commodity structure of germany export in 2014 in billion euros. Wto 20 press releases trade to remain subdued in 20. Exporting fresh fruit and vegetables to germany cbi centre for the. Net exports for germany from federal statistical office fso germany for the national accounts release. Germany is the united states largest european trading partner and the sixth largest market for u. The results show that german exports are very sensitive to foreign activity. Foreign intermediate goods account for 40 % of german exports destatis 2019. The economy of slovenia has an economic complexity index eci of 1. German exports plunged in august in a decline that will intensify fears the eurozones largest economy may be slipping into recession and boost calls from currency bloc partners for. Germany exports 525 products with revealed comparative advantage meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a products global market. This page provides forecast and historical data, charts, statistics, news and updates for germany net exports. Although exports to noneuropean trading partners began to recover by mid2012, in line with improved prospects in the united states and emerging economies, exports to the rest of the euro area continued to decline as the recession in the region. Data learn how the world bank group is helping countries with covid19 coronavirus.
Germany borders nine different countries, but its reexports are generally minimal. Germany product exports and imports 20 value of products imported and exported by germany from all countries along with their product share, most favored nation mfn and effectively applied tariffs ahs for the year 20. In 2016, china became germany s largest trading partner and retained that spot for three consecutive years 2016, 2017, 2018. Uk trade shows import and export activity and is a main contributor to the overall economic growth of the uk. Slovenia exports 310 products with revealed comparative advantage meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a products global market. German translation of export collins englishgerman. List of the largest trading partners of india wikipedia. Italys closest trade ties are with the other members of the european union eu. Germanys top 10 exports accounted for over twothirds 69. That year, germanys main import partner was the netherlands with a.
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