The country holds a population of 83 million and is spread over a land area of 357,562 square kilometers, which exceeds its limit up to Denmark, Poland, Czech Republic, Austria, Switzerland, France, and Luxembourg in the north, east, south, and southwest direction. The country is emerging as a global trader with its expanding import trade reach which has recorded a staggering value of 1.5 trillion US dollars in 2023; a significant increase from 2022 and 2021 i.e. 1.3 trillion and 1 trillion US dollars. The top importers facilitating the import trade business of Germany are (China – 200 billion US dollars), (Netherlands – 100 billion US dollars), (United States – 80 billion US dollars), (France – 70 billion US dollars), (Italy – 50 billion US dollars).

Similar to the import trade rate, the export businesses of Germany are also thriving in a global manner which is boosting the global trade rank of the nation. The attributing factors together have recorded a GDP of 4.5 trillion US dollars in 2023 accompanied by an export trade value of 1.89 trillion US dollars; a significant growth than that of 2022 and 2021 i.e. 1.67 and 1.58 trillion US dollars. The export traders facilitating the export businesses of the nation are (the United States– 220 billion US dollars), (China – 138 billion US dollars), (France – 100 billion US dollars), (The Netherlands – 90 billion US dollars), and (The United Kingdom – 80 billion US dollars)

Top 10 Imports of Germany

The increasing domestic necessities lead to higher imports from different traders. As per the Germany Import Data, the top 10 imported products of the nation in 2023 with its trade values are discussed below,

• Car and Vehicle Parts – Total valuation of Car and Vehicle Parts imports in Germany – 192 billion US dollars.

• Machinery – Total valuation of Machinery imports in Germany – 163 billion US dollars.

• Pharmaceuticals – Total valuation of Pharmaceuticals imports in Germany – 81 billion US dollars.

• Electronic Equipment – Total valuation of Electronic Equipment imports in Germany – 65 billion US dollars.

• Mineral Fuels – Total valuation of Mineral Fuels imports in Germany – 48 billion US dollars.

• Medical Instruments – Total valuation of Medical Instruments imports in Germany – 39 billion US dollars.

• Plastics – Total valuation of Plastics imports in Germany – 35 billion US dollars.

• Iron and Steel – Total valuation of Iron and Steel imports in Germany – 30 billion US dollars.

• Organic Chemicals – Total valuation of Organic Chemicals imports in Germany – 25 billion US dollars.

• Precious Metals – Total valuation of Precious Metals imports in Germany – 15 billion US dollars.

Top Import Trade Partners of Germany in 2023

To get sustainable revenue generation for a stable economy, the country has to import its domestic necessities from traders providing products at a suitable range. As per the Germany Customs Data, the top 10 import trade destinations of the nation in 2023 are discussed below,

• China – Valuation of the imports from China to Germany – 200 billion US dollars.

• Netherlands – Valuation of the imports from the Netherlands to Germany – 100 billion US dollars.

• United States – Valuation of the imports from the United States to Germany – 80 billion US dollars.

• France – Valuation of the imports from France to Germany – 70 billion US dollars.

• Italy – Valuation of the imports from Italy to Germany – 50 billion US dollars.

• Poland – Valuation of the imports from Poland to Germany – 40 billion US dollars.

• Czech Republic – Valuation of the imports from Czech Republic to Germany – 30 billion US dollars.

• Austria – Valuation of the imports from Austria to Germany – 20 billion US dollars.

• United Kingdom – Valuation of the imports from the United Kingdom to Germany – 15 billion US dollars.

• Switzerland – Valuation of the imports from Switzerland to Germany – 10 billion US dollars.

Top 10 Exports of Germany

To keep growing globally the industries and the manufacturing sectors are growing exponentially and boosting their production capabilities to produce a higher number of exports. According to the Germany Export Data, the top 10 products the country has exported in 2023 with its trade values are discussed below,

• Motor Vehicles – Total valuation of Motor Vehicles exports from Germany in 2023 – 278 billion US dollars.

• Machinery – Total valuation of Machinery exports from Germany in 2023 – 262 billion US dollars.

• Chemicals – Total valuation of Chemicals exports from Germany in 2023 – 200 billion US dollars.

• Electronic Equipment – Total valuation of Electronic Equipment exports from Germany in 2023 – 160 billion US dollars.

• Pharmaceuticals – Total valuation of Pharmaceuticals exports from Germany in 2023 – 91 billion US dollars.

• Medical Instruments – Total valuation of Medical Instruments exports from Germany in 2023 – 75 billion US dollars.

• Plastics – Total valuation of Plastics exports from Germany in 2023 – 70 billion US dollars.

• Iron and Steel Products – Total valuation of Iron and Steel Products exports from Germany in 2023 – 60 billion US dollars.

• Optical and Medical Instruments – Total valuation of Optical and Medical Instruments exports from Germany in 2023 – 51 billion US dollars.

• Aircraft and Parts – Total valuation of Aircraft and Parts exports from Germany in 2023 – 45 billion US dollars.

Top Export Trade Partners of Germany in 2023

The Germany Trade Data enlists the below-mentioned countries as the top export trade partners of the nation in 2023; its trade values are discussed below,

• United States – Value of the German Exports to the United States – 300 billion US dollars.

• China – Value of the Germany Exports to China – 138 billion US dollars.

• France – Value of the Germany Exports to France – 100 billion US dollars.

• Netherlands – Value of the German Exports to the Netherlands – 90 billion US dollars.

• United Kingdom – Value of the German Exports to the United Kingdom – 80 billion US dollars.

• Italy – Value of the Germany Exports to Italy – 75 billion US dollars.

• Austria – Value of the German Exports to Austria – 60 billion US dollars.

• Switzerland – Value of the Germany Exports to Switzerland – 53 billion US dollars.

• Poland – Value of the German Exports to Poland – 40 billion US dollars.

• Germany – Value of the Germany Exports to Germany – 20 billion US dollars.

FAQ’s

Que. What is the Import trade value of Germany in 2023?
Ans. The Import trade value of Germany in 2023 IS 1.5 trillion us dollars.

Que. What is the Export trade value of Germany in 2023?
Ans. The Export trade value of Germany in 2023 is 1.89 trillion US dollars.

Que. Where can you get a detailed trade analysis of Germany in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of Germany in 2023.

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