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Foreign Trade

Foreign Trade

Overall development

German exports in October 2017: +6.8% on October 2016

Germany exported goods to the value of 108.0 billion euros and imported goods to the value of 89.1 billion euros in October 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 6.8% and imports by 8.3% in October 2017 year on year. After calendar and seasonal adjustment, exports were down 0.4% and imports up 1.8% compared with September 2017.

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German exports up 0.9% in 2016

Germany exported goods to the value of 1,203.8 billion euros and imported goods to the value of 954.9 billion euros in 2016. Based on final data, the Federal Statistical Office (Destatis) also reports that German exports increased by 0,9% and imports by 0,6% in 2016 compared with 2015.

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Trading partners

59% of German exports to third countries invoiced in euros

In 2016, the euro continued to be the currency most frequently used for German exports to countries outside the European Union (third countries). The Federal Statistical Office (Destatis) also reports that, in terms of value, 59.4% of Germany's exports to third countries were invoiced in euros.

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Germany’s most important trading partners 2016

In 2016 the top country of destination for German exports was the United States followed by France and the United Kingdom. Germany exported goods worth 106.8 billion euro to the United States, 101.1 billion euro to France and 85.9 billion euro to the United Kingdom.

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Trading goods

The main German export product: motor vehicles

Accounting for 19.0% motor vehicles and parts thereof of exports, was Germany's main export product in 2016. Machinery (14.2%) and chemical products (8.9%) ranked second and third, respectively, among the most important export items.

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Tables

Trading partners

Additional Information

Key figures

Foreign trade 2016
Exports€ 1,204 bn
Imports€ 955 bn
Export surplus€ 249 bn
Export propensity38.3%
Import penetration rate33.0%

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