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Foreign Trade

Foreign Trade

Overall development

German exports in 2017: + 6.2% in 2017

Germany exported goods to the value of 1,279.1 billion euros and imported goods to the value of 1,034.3 billion euros in 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 6,2% and imports by 8,3% in 2017 compared with 2016.

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Trading partners

The People's Republic of China is again Germany's main trading partner

According to provisional results, goods worth 186.6 billion euros were traded between Germany and the People's Republic of China in 2017 (exports and imports). The Federal Statistical Office (Destatis) reports that the People's Republic of China was Germany’s most important trading partner in 2017 for the second consecutive year.

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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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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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Trading partners

Additional Information

Key figures

Foreign trade 2017
Exports€ 1,279 bn
Imports€ 1,034 bn
Export surplus€ 245 bn
Export propensity39.2%
Import penetration rate34.3%

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