• Analysis and Studies
• Germany: a look at the market

Germany is a country placed in the western region of Central Europe, and It’s the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany lies between the Baltic and North Sea to the north and the Alps to the south. Its sixteen constituent states are bordered by Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south and France, Luxembourg, Belgium and the Netherlands to the west.

Germany has been painted a picture of a great power with a strong economy; it has the largest economy in Europe, the world’s fourth largest economy by nominal GDP.

 As a global power in industrial, scientific and technological sectors, it is both the world’s third largest exporter and importer. It’s a developed country and It offers security, a universal health care system and a tuition-free university education. Furthermore, It has the third greatest number of UNESCO World Heritage Sites.

ABOUT LATEST TRENDS

In September 2023 Germany exported €128B and imported €111B, resulting in a positive trade balance of €17.7B. Between September 2022 and September 2023 the exports of Germany have decreased by €-12.9B (-9.1%) from €141B to €128B, while ports decreased by €-24.2B (-17.9%) from €135B to €111B.

TRADE

In September 2023, the top exports of Germany were Motor cars and motor caravans (€13.8B), Pharmaceutical products (€9.01B), Chassis, bodies, engines etc. for motor... (€7.14B), Machinery for electricity production, distribution (€6.62B), and Other machinery (€5.01B). In September 2023 the top imports of Germany were Machinery for electricity production, distribution (€7.1B), Motor cars and motor caravans (€6.03B), Pharmaceutical products (€5.57B), Estimations for non-response (€5.48B), and Chassis, bodies, engines etc. for motor... (€5.07B).

ORIGINS

In September 2023 the exports of Germany were mainly from Foreign Countries (€29.3B), Baden-Württemberg (€20B), Bavaria (€19.9B), North Rhine-Westphalia (€18.5B), and Lower Saxony (€7.81B), while imports destinations were mainly North Rhine-Westphalia (€23.4B), Bavaria (€20.1B), Baden-Württemberg (€18.8B), Hesse (€10.2B), and Lower Saxony (€9.43B).

DESTINATIONS

In September 2023, Germany exported mostly to United States, which contributed significantly with exports worth €13.1 billion, France, whose exports amounted to €9.94 billion, Netherlands with a substantial export value of €9.21 billion, Poland  and China played a pivotal roles in the global export market with exports valued at €7.69 billion and €7.54 billion, respectively.

On the other hand, imported mostly from China (€12.8B), Netherlands (€8.24B), United States (€7.72B), Poland (€6.56B), and France (€5.74B).

GROWTH

In September 2023, the decrease in Germany's year-by-year exports was explained primarily by an decrease in exports to United States (€-2.27B or -14.8%), Austria (€-1.57B or -19.1%), and China (€-1.51B or -16.7%), and product exports decrease in Other semi-finished products (€-1.92B or -72.1%), Pharmaceutical products (€-1.84B or -17%), and Basic pharmaceutical products (€-1.47B or -63.1%). In September 2023, the decrease in Germany's year-by-year imports was explained primarily by an decrease in imports from Norway (€-5.47B or -78.3%), China (€-4.5B or -26%), and Netherlands (€-2.69B or -24.6%), and product imports decrease in Petroleum oil and petroleum gases (€-7.42B or -59.9%), Pharmaceutical products (€-2.47B or -30.7%), and Other semi-finished products (€-1.1B or -47%).

Fonti: 

 https://oec.world/en 

https://data.worldbank.org/

https://www.trademap.org/