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2022/08/19 11:45:57

German Foreign Trade

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Main article: German economy

2024

Growing exports to Georgia to circumvent sanctions against Russia

Direct deliveries to Russia with indication in the documents of Kyrgyzstan

In April 2024, exports to Russia through third countries in Central Asia continue to remain at a record level. Kyrgyzstan is a key hub for transshipment, with exports from European countries never arriving in Bishkek. Kyrgyzstan is what is indicated in the bill, but these goods go directly to Russia.

Germany's exports to Kyrgyzstan in February 2024 amounted to 74 million euros.

High trade surplus

In January 2024, in Germany, the trade balance unexpectedly set a new historical record of 27.5 billion euros.

3% of Germany's GDP depends on China's demand for its goods and services

According to data available for March 2024, Germany is one of the countries with the greatest risk from China, since ~ 3% of its GDP depends on Chinese demand.

Maintaining high volume of exports to Kazakhstan

Part of imports from Germany to Kazakhstan may be transported to Russia due to the action of illegal sanctions against the country

2023

Overall Export Decline

Germany's exports in December 2023 fell more than expected.

Exports fell 4.6%, against a 2% drop forecast. Imports fell 6.7% compared to November (forecast - a decrease of 1.5%).

According to data available for October 2023

The Ifo Institute argues that the lack of orders in manufacturing is putting pressure on the economy.

Increasing exports of goods as a percentage of global GDP

Economists warn the data points to a new recession.

Germany's exports to Central Asian countries exceeded the level of exports to Russia

IIF chief economist Robin Brooks: "The German thesis about redirecting exports to Central Asia:" these exports are small, so what a difference. " It's NOT small, really. German exports Kazakhstan to (orange) and other Central Asian countries (red) exceeded direct exports Germany to (Russia blue) by September 2023. "

It is very likely that German goods supplied to Central Asian countries eventually end up in Russia.

Export growth to Kyrgyzstan by 1400%

In the first 7 months of 2023, Germany's exports to Kyrgyzstan increased by 1400% compared to the same period in 2019, which indicates the desire of German companies to maintain supplies of their products to the Russian market according to the model of re-export through third countries.

Collapse of exports to China

China is losing its importance as a market for German exporters, with data showing a steady decline in its share of total exports, a trend that will continue as Berlin and Beijing reevaluate their economic ties.

At the end of 2023, a giant deficit in trade with China remains in Germany

In the first half of 2023, exports to China amounted to only 6.2% of the total German exports - the lowest share since 2016.

The emergence of China as a market economy in the 2000s gave a powerful boost to German companies and has since contributed greatly to the overall state of Germany's economy. However, this growth driver for Europe's largest economy will weaken in the coming years.

At the end of the third quarter of 2023, German trade with China continues to cool.

The United States and France are the main export destinations of Germany

In February 2023, exports to China fell 12.4%, while exports to the United States rose 19%. This means that the United States is by far the most important export market for Germany, France has also established itself in the No. 2 position, significantly ahead of China.

Decrease in exports to Russia in January by 60% to 1 billion euros

Imports from Germany to the Russian Federation in January 2023 were 60% lower than a year earlier and amounted to about 1 billion euros, Destatis reported.

2022

G7 countries are the main export destination

The United States is the largest export destination

According to data available for August 2023.

Trade deficit with China doubles to 84 billion euros

Finance Minister Christian Lindner is concerned that Germany's economy is becoming too dependent on China and has called for closer trade ties with democracies to counter the addiction.

"Dangerous development: Germany's trade deficit with China more than doubled in 2022," Lindner wrote on Twitter. "We have to learn from the experience with Russia." Germany "urgently" needs to rethink the situation and focus on freer trade with "valuable partners."

Back in 2016, China became Germany's largest trading partner

Chancellor Olaf Scholz's government aims to reduce Germany's dependence on China, but executives at some of the country's biggest companies oppose it. Executives from BASF SE and Mercedes-Benz AG to Siemens AG and Volkswagen AG seek to separate business interests from political concerns.

Export and import of Germany with key partners in 2022

The Asian superpower is Germany's largest trading partner, with total trade of nearly 300 billion euros ($323 billion) in 2022, or nearly 8% of the output of Europe's largest economy.

Abandoning China is "unthinkable" for German industry, Mercedes CEO Ola Kallenius said in May 2023.

China overtakes Germany to become second largest car exporter after Japan

Overtook in 2022 China , Germany becoming the second largest Japan after the exporter of cars in the world. Exports accounted for 11.5% of China's total production volume, or 27 million vehicles.

China and Germany are the world's largest exporters of electric vehicles

Transshipment in German ports decreased by 3.2% due to sanctions against Russia

Sanctions against Russia have led to a decrease in cargo transshipment in German ports, which worries the authorities. The volume of cargo transshipped at German seaports in 2022 decreased by 3.2% compared to the previous year. In Bremen, throughput fell by 20% at the beginning of 2023. As a result, Germany is trying to ban the modernization of an important port in Poland. For more details see Economy of Poland.

Decrease in exports to Russia in November by 52% to 1.2 billion euros

According to DeStatis, the export of goods from Germany to Russia in November 2022 amounted to 1.2 billion euros, which is 52.4% less than a year ago (2.6 billion euros).

The collapse of the trade balance due to the conflict with Russia

Germany's exports to Russia collapsed by 40% in 9 months

Germany's exports to Russia, according to the final estimate, in August 2022 compared to the same period last year decreased by 45.8% - to 1.2 billion euros - Destatis.

From January to September, German exports to Russia in value terms amounted to 11.6 billion euros, which is 40.9% less than in the same period in 2021.

The rise of imports from Russia to a record since 2014.

By early June 2022, German imports from Russia had reached their highest level since 2014 due to higher energy prices.

First monthly trade deficit since 1991

Germany reported its first monthly trade deficit in 30 years after exports fell in May 2022.

The deficit of 1 billion euros (1 billion) dollars was the first since 1991. Cross-border sales were down 0.5% compared to economists' forecast of 0.7% growth. At the same time, imports rose 2.7%, far more than expected.

Crashing exports to Russia to lowest level in 20 years

German exports to Russia in March 2022 fell to the lowest level in almost 20 years.

Sales to Russia fell 63% to about 860 million euros ($905 million) in March "due to sanctions, measures to restrict exports and unauthorized behavior of market participants" amid Russia's special operation in Ukraine.

Total exports fell Germany 3.3% from the previous month.

2021

China's fourth largest trading partner

Germany is among the largest arms exporters in 5 years with a share of 4.5%

The largest arms exporters by share in the world market from 2017 to 2021.

The second largest importer to Russia

9% of goods in German ports are in Russia

Germany's seaports are likely to be hit by sanctions on Russia, the Federal Statistical Office said on March 8, 2022.

November data shows the country was the most important partner of German seaports in 2021, ahead of Sweden and China.

The volume of trade with Russia during this period amounted to 24.1 million metric tons, which is 9% of all goods transported to and from German ports.

2020: Germany - in the top ten exporters of wheat with an indicator of 9.3 million tons

Top ten wheat exporters in 2020, million tons.

2019

Exporting Computer Devices

The volume of exports of computer devices in countries of the world, 2019

Decrease in trade with Russia

Over 5 years, trade has decreased with all key partners of the Russian Federation, except for China

The Impact of the Trump Administration's Trade Restrictions

2018

Wheat exports

Among the leaders in the export of pyrotechnics

See also