Germany Trade Analysis

 

The Federal Republic of Germany in Eastern Europe is a globally growing nation with tons of imports and exports serving the trade rate at a global extent. The highly developed market economy of Germany is heavily reliant on its export commodities accounting for more than 60% share in the trade rate. Germany occupies a land area of 357,562 square kilometers and shares its borders with nations like the Czech Republic, Austria, Switzerland, France, and Luxembourg in the north, east, south, and southwest direction. The export trade sector is mainly controlled by the highly productive automotive sectors of the nation accompanied by machinery and chemical exports.

The rapidly evolving industrial sectors of the nation with a strong grip over the workforce serving the production rates in an extensive manner is leading to an increased global rank of the nation in 2023. The country has recorded a GDP of 4.5 trillion US dollars in 2023 with a staggering import and export trade value of 1.5 billion US dollars and 1.89 billion US dollars in 2023.

Imported Products of Germany 2023

Due to the rapidly increasing demands for domestic necessities, the country has been importing more of its acquired necessities from top traders across the world. According to the Germany Import Data, the import trade values of the products mentioned below are,

• Car and Vehicle Parts – Generated revenue of Car and Vehicle Parts imports in Germany – 192 billion US dollars

• Machinery – Generated revenue of Machinery imports in Germany – 163 billion US dollars

• Pharmaceuticals – Generated revenue of Pharmaceuticals imports in Germany – 81 billion US dollars

• Electronic Equipment – Generated revenue of Electronic Equipment imports in Germany – 65 billion US dollars

• Mineral Fuels – Generated revenue of Mineral Fuels imports in Germany – 48 billion US dollars

• Medical Instruments – Generated revenue of Medical Instruments imports in Germany – 39 billion US dollars

• Plastics – Generated revenue of Plastics imports in Germany – 35 billion US dollars

• Iron and Steel – Generated revenue of Iron and Steel imports in Germany – 30 billion US dollars

• Organic Chemicals – Generated revenue of Organic Chemicals imports in Germany – 25 billion US dollars

• Precious Metals – Generated revenue of Precious Metals imports in Germany – 15 billion US dollars

Exported Products of Germany 2023

As the demands for German exports are rising in a continuous manner, the country is exporting more of its famous goods to serve international needs. According to the Germany Customs Data, the top exported products of the nation in 2023 are discussed below,

• Motor Vehicles – Generated revenue of Motor Vehicles exports from Germany in 2023 – 278 billion US dollars

• Machinery – Generated revenue of Machinery exports from Germany in 2023 – 262 billion US dollars

• Chemicals – Generated revenue of Chemicals exports from Germany in 2023 – 200 billion US dollars

• Electronic Equipment – Generated revenue of Electronic Equipment exports from Germany in 2023 – 160 billion US dollars

• Pharmaceuticals – Generated revenue of Pharmaceuticals exports from Germany in 2023 – 91 billion US dollars

• Medical Instruments – Generated revenue of Medical Instruments exports from Germany in 2023 – 75 billion US dollars

• Plastics – Generated revenue of Plastics exports from Germany in 2023 – 70 billion US dollars

• Iron and Steel Products – Generated revenue of Iron and Steel Products exports from Germany in 2023 – 60 billion US dollars

• Optical and Medical Instruments– Generated revenue of Optical and Medical Instruments exports from Germany in 2023 – 51 billion US dollars

• Aircraft and Parts – Generated revenue of Aircraft and Parts exports from Germany in 2023 – 45 billion US dollars

Top Traded Agricultural Goods

Accompanying the industrial and manufacturing sectors, the agricultural resources of the nation are also contributing in a significant manner to the annual generated revenue for extensive global growth. As per the Germany Trade Data, the top 10 agricultural exports of the nation in 2023 are discussed below,

• Dairy Products – Trade valuation of Dairy Products  in 2023 – 12 billion US dollars

• Meat – Trade valuation of Meat  in 2023 – 10 billion US dollars

• Soybeans – Trade valuation of Soybeans in 2023 – 9 billion US dollars

• Wheat – Trade valuation of Wheat  in 2023 – 8 billion US dollars

• Wine and Beer – Trade valuation of Wine and Beer in 2023 – 7 billion US dollars

• Chocolate – Trade valuation of Chocolate in 2023 – 6 billion US dollars

• Fruits and Vegetables – Trade valuation of Fruits and Vegetables in 2023 – 5 billion US dollars

• Poultry – Trade valuation of Poultry in 2023 – 4 billion US dollars

• Cereals  – Trade valuation of Cereals  in 2023 – 3 billion US dollars

• Honey – Trade valuation of Honey in 2023 – 2 billion US dollars

Top Exporting Companies of Germany

The trade sector is served by the top exporting companies residing in the nation, as per the Germany Export Data, the top exporting companies in 2023 with their valuations are discussed below,

1. Volkswagen Group – Valuation of 2023 exports - 200  billion US dollars

2. Siemens AG – Valuation of 2023 exports - 150 billion US dollars

3. BASF SE– Valuation of 2023 exports -  100 billion US dollars

4. Daimler AG – Valuation of 2023 exports - 90 billion US dollars

5. BMW Group – Valuation of 2023 exports - 80 billion US dollars

6. Bayerische Motoren Werke (BMW) AG– Valuation of 2023 exports -  70 billion US dollars

7. Deutsche Post DHL Group– Valuation of 2023 exports -  60 billion US dollars

8. ThyssenKrupp AG– Valuation of 2023 exports -  50 billion US dollars

9. Robert Bosch GmbH– Valuation of 2023 exports -  40 billion US dollars

10. Linde plc – Valuation of 2023 exports - 30 billion US dollars

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