Germany Exports, Imports & Trade

By: EconomyWatch Content   Date: 24 March 2010

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Germany, the fifth largest economy in the world and the largest economy in the Euro-Zone, depends heavily on its exports to drive the economy. With a strong network of trade relationships with almost all the major trading countries in Europe and all over the world, along with a weakened euro, Germany became the world's 3rd largest exporter in 2010.

One of the strongest demand for German's commodities is automobiles. In 2009, Germany produced 5.2 million vehicles, and was the world's forth largest producer and largest exporter of automobiles. Germany automobile companies also dominate 90 percent of the top tier automobile market, which boasted brands such as Mercedes-Benz and Porsche.

As one of the main members of the EU, Germany also strengthened economic and political ties with other countries. It is a strong supporter of the United Nations and  OSCE (Organization for Security and Cooperation in Europe). After the unification of the East and West Germany in 1990, relationships between the two former republics strengthened, with the West supporting the East in rebuilding its economy. Annual transfers amounting to US$80 billion was also transferred from the West to the East to aid in modernisation and integration of the whole Germany, which is expected to last till 2019.

Germany's Import and Export Indicators and Statistics at a Glance (2010)

Total value of exports: US$1.337 trillion

Primary exports - commodities: machinery, vehicles, chemicals, metals, manufactures, foodstuffs, textiles

Primary exports partners: France (10.2 percent of total exports), US (6.7 percent), Netherlands (6.7 percent), UK (6.6 percent), Italy (6.3 percent), Austria (6 percent), China (4.5 percent).

Total value of imports: US$1.12 trillion

Primary imports - commodities: machinery, vehicles, chemicals, foodstuffs, textiles, metals

Primary imports partners: Netherlands (8.5 percent of total imports), China (8.2 percent), France (8.2 percent), US (5.9 percent), Italy (5.9 percent), UK (4.9 percent), Belgium (4.3 percent), Austria (4.3 percent), Switzerland (4.2 percent)

 


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