Germany's leading trading partners 2022 | Statista (2024)

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Germany's leading trading partners 2022 | Statista? ›

Germany's leading trading partners in 2022, by total volume of foreign trade. In 2022, Germany did the most trade with China, almost 299 billion euros worth. The USA and the Netherlands were also in the top three. The value of trade with the listed countries refers to both imports and exports.

The People's Republic of China is again Germany's main trading partner. According to preliminary results, goods worth 254.4 billion euros were traded between Germany and the People's Republic of China in 2023 (exports and imports).

Canada was the largest purchaser of U.S. goods exports in 2022, accounting for 17.3 percent of total U.S. goods exports.

Being the main export in Germany, the whole export cost of Vehicles and car components in 2023 accounted for $293.55 billion. Nuclear reactors and Machinery - German engineering is famous worldwide, with machinery being a good sized export for the country. The HS code for nuclear reactors and machinery is 8401.

Germany's key export goods are vehicles and vehicle components, with a volume of 210 billion dollars in 2021. These are followed by machines (196 billion dollars) and chemical products (137 billion dollars).

In particular, the export of motor vehicles and parts as well as chemical products make Germany the third-largest exporting nation in the world. The service sector contributes the largest share to the country's GDP, accounting for 70%.

Strengths. The country risk rating for Germany is very low ⁷. Both the political and economic situations are in very good standing. Additionally, the business climate rating is also rated very low ⁷ as the business environment is very strong and easy to work within.

What is Germany's number 1 export? ›

Yearly Trade

The most recent exports are led by Cars ($149B), Packaged Medicaments ($74.8B), Motor vehicles; parts and accessories (8701 to 8705) ($61.8B), Vaccines, blood, antisera, toxins and cultures ($45.5B), and Refined Petroleum ($25.7B).

When you think about the United States' biggest imports from Germany, what comes to mind? If you pictured beer and luxury cars, think again—according to the 2021 Global Imports Report, the U.S. receives mostly machinery, plastic and rubber products, and metals from this global trade powerhouse.

Germany is the largest fresh produce importer in Europe

In 2022, the total value of imports was €12.6 billion, which represented 18.5% of the imports of the region (EU27, United Kingdom, EFTA). Germany is the largest importer of vegetables in Europe, and the second-largest importer of fruit after the Netherlands.

The U.S. is highly dependent—perhaps unsurprisingly—on Canada and Mexico for trade. The country's top trading partner is Mexico, making up 14.8% of total trade. However, the country's neighbors to the north and south are not the only trade partners that U.S. states rely heavily upon.

Even though higher inflation and market uncertainty loomed over the economy, U.S. imports increased 15% annually, with China as its top goods importing partner. 🇺🇸 U.S. As the world's second-largest economy, China's imports hit $2.7 trillion in value, although growth slowed in 2022.

As usual, those reports focused only on goods trade. If one adds services, however, Mexico has been America's top trading partner for some time: U.S.-Mexico trade in goods and services was already greater than that between the United States and China in 2021 and 2022.

In total trade, China overtook the United States in 2020 and became the EU's largest trade in goods partner. However, in 2022 the United States retook the first position.

Dr. Christoph Schemionek is the President and CEO of the German Delegation of German Industry and Commerce in Washington, DC, and President of the Representative of German Industry and Trade (RGIT).

China is the largest trading partner to Japan, South Korea, Vietnam, and Taiwan. Given their proximity, those countries are hardly a surprise.

Germany's share of world trade (exports and imports of goods in USD) decreased compared to the previous year, falling to 6.4% (2021: 6.8%).