germany trade balance by country

The United States traded with 232 countries through June. Show publisher information. Germany: Trade balance as percent of GDP: For that indicator, we provide data for Germany from 1970 to 2020. Still, its trade . The ideal entry-level account for individual users. Understanding the Determinants of the Trade and Current Account Balance. Total Exports (2019) $1,492,834,582,539 … Call us: (301)763-2311 or 1-800-549-0595 option 4, [Excel] or the letters [xls] indicate a document is in the Microsoft® Excel® Spreadsheet Format (XLS). This book reveals how our systems for collecting and analyzing trade data have fallen behind the times-and presents recommendations for new approaches to accuracy and usefulness of these economic data. 2. Since that day, many European governments, led by . VON GLASENAPP Vice-President of the Reichsbank In order to appreciate the present position of Ger many's balance of foreign payments, it is essential to glance back at the period before the war. Label. Profit from additional features by authenticating your Admin account. country's percentage share of world exports, both of total and of manufactured goods. Germany's Trade Surplus: Causes and Effects. Germany trade balance, exports and imports by country. 25 August 2021 Exports to non-EU countries in July 2021: expected decline of 2.7% on June 2021. In 2018, Germany major trading partner countries for exports were United States, France, China … Germany's trade surplus fell in 2017 for the first time since 2009, shrinking to $300.9 billion, data published in February by the country's Federal Statistics Office showed. The surplus hit a record high of 8.6% in 2015. EU Press Release. Contact the International Trade Macro Analysis Branch: Email us! Analysis of economic and political trends every quarter. Found inside – Page 349WEST BERLIN IN GERMAN DEMOCRATIC REPUBLIC - FEDERAL REPUBLIC OF GERMANY TRADE : GERMAN DEMOCRATIC REPUBLIC SOURCES ... When the figures for West Berlin are broken down into export and import categories , a significant imbalance is shown ... The direction of trade can be seen from tables XXIV and XXV which, for the years 1900, 1913, 1928, 1935, 1938, 1948, 1953 and 1959, show world exports by provenance and destination by Since 2011, Germany's current account balance has been consistently above the European Union's indicative threshold of 6%. Germany's GDP per capita was … The current account balance of payments is a record of a country's international transactions with the rest of the world. Collection of videos to enhance export training. Then you can access your favorite statistics via the star in the header. SYRIZA, an outspoken left-wing party, came to power. Commerce Minister Piyush Goyal said in a written reply to the Lok Sabha that trade deficit depends upon relative fluctuations in the imports and . The second column shows the trade balance. It is perfectly possible for a country to have a very high level of trade—measured by its exports of goods and services as a share of its GDP—while it also has a near-balance between exports and imports.A high level of trade indicates that a good . 1985 : U.S. trade in goods with Germany. All EU member States are WTO members, as is the EU (until 30 November 2009 known officially in the WTO as the European Communities for legal reasons) in its own right. Balance Of Trade - BOT: The balance of trade (BOT) is the difference between a country's imports and its exports for a given time period. The average value for Germany during that period … Germany is on track to record the world's largest trade surplus for a third consecutive year. What are the causes of the trade surplus? Hungary is a landlocked Central European country that shares a border with seven countries including Slovakia, Ukraine, Romania, Serbia, Croatia, Slovenia, and … ; 4.36% ($60 billion): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for . Countries sorted … What did Germany export in 2020? O n January 25, 2015, in a free election, the Greek people exercised their right to decide the destiny of their country. Found inside – Page 115... in the United States would be just as available for use in transferring reparations payments as a balance in France . German trading with Holland , Sweden , China , Australia , England or any other country enters into the scheme . Merchandise exports increased 0.5% month-on-month in July on a calendar- and seasonally-adjusted basis, down from June's 1.3% expansion. Statista. You need at least a Single Account to use this feature. Found inside – Page 113As per the statistics published by the Trade Promotion Centre, export to Germany was equivalent to Rs. 3,567,035,651 imports from Germany was Rs. 1,977,895,741, and the trade balance was Rs. 1,589,139,910 in Nepal's favour in 2003/04. Germany Trade Statistics Germany Trade Statistics. New, Insights into the world’s most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. dollars)." Found inside – Page 28Germany's consistent trade surpluses contrast with the relatively weaker performance of other countries in international markets. Table 2 compares the German trade balance for 1981–89 with that of the other major OECD countries. Goods imports, meanwhile … That trade deficit reflects a 5.7% increase from the -$923.2 billion negative score for 2019 and a 30.3% expansion from -$749 billion shortfall in 2013. 128,623 (2016) No. A paid subscription is required for full access. The direction of trade can be seen from tables XXIV and XXV which, for the … The country will undoubtedly be affected by the speed of reforms in the euro area, which are slower than Germany would like. The trade balance is the value of goods exports minus the value of goods imported. More than 80% of consumption came from fossil fuels. 85% (2016) Percentage of Exports by Small and Medium-size Companies. The current account balance forecast measures the projected value of a country's net international transactions with the rest of the world. A positive account balance means the nation carries a surplus. Found insideTrade of Germany with PORTUGAL , 1929–38 ( Value in millions of reichsmarks ) German statistics 1 Portuguese statistics 2 Year ImBalance Exof trade ; portsports into from ( + ) exGer- Gercess of many many exports , from ( - ) exPor- ... Line Bar Map. Land area refers to the total area of a country excluding area under inland water bodies. Directly accessible data for 170 industries from 50 countries While the U.S. remains Germany's biggest export market overall, China drives the country's export growth. Found inside – Page 537This adverse trade balance is , favorable to Germany . ... In Chile totalled 33,094,327 pesos ( gold ) occupying addition her balances in the country are under third place among countries of origin of Chilstood to be considerable ... Petroleum gases, soya beans, refined petroleum oils, integrated . Germany has been a WTO member since 1 January 1995 and a member of GATT since 1 October 1951. The USA was one of Germany's most important trading partners in 2017, with Germany selling goods worth €111.5bn, but purchasing only €61.1bn worth of goods from the USA. Cars are also produced in Sweden and find their customers in Germany. Please do not hesitate to contact me. Current account balance (BoP, current US$) from The World Bank: Data of Businesses Selling Products Overseas. Exports: $212.8 Billion Direct access to our calendar releases and historical data. The national saving and investment identity provides a useful way to understand the determinants of the trade and current account balance. Imports, meanwhile, dropped 4.7% month-on-month in January, after flatlining in December. Trade in services. Image: World Economic Forum/ The Global Competitiveness Report 2018. Details may not equal totals due to rounding. To view the file, you will need the, North American Industry Classification System (NAICS), Download the full dataset for all countries[EXCEL - 5 MB], International Trade Macro Analysis Branch, Information on the Collection and Publication of Trade Statistics, For information on data sources and methodology, check out the. This feature is limited to our corporate solutions. Paying for Hitler's War is a comparative economic study of twelve Nazi-occupied countries during World War II. facts. The calendar- and seasonally-adjusted trade surplus, moreover, widened to a calendar- and seasonally-adjusted EUR 22.2 billion from EUR 16.4 Czech … foreign trade • In 2018, Germany's main trading region for the exchange of goods continued to be Europe, which accounted for 68.5% of German exports and also for … Exports of Goods and Services. July 2021 Trade in Goods and Services. Found inside – Page 307The devaluation of the exchange rate of a country affects the trade balance of the other countries of the area ... As expected, West Germany's exchange rate and demand policies produce the greatest effects on the trade flows of the ... A positive value indicates a trade surplus, a negative value a trade deficit. Complete Release Schedule. A trade deficit - also known as a negative balance of trade - is an economic term related to international trade. Goods and Services by Selected Countries and Areas: Quarterly - Balance of Payments Basis (exhibit 20) Statistics on trade in goods and services by country and area are only available quarterly, with a one-month lag. Found inside – Page 72Following German unification in 1990, there was a sharp deterioration in the country's trade balance and throughout the 1990s Germany registered a small but persistent current account deficit, which increased towards the end of the ... Services include transport (both freight . Deficit: $70.1 Billion Updated July 26, 2020. License : CC BY-4.0. External links to other Internet sites should not be construed as an endorsement of the views or . Next release: October 5, 2021 Complete Release Schedule China Trade Statistics. Imports: $282.9 Billion, Next release: October 5, 2021 "Germany: Trade Balance from 2010 to 2020 (in Billion U.S. This statistic is not included in your account. In July 2021, Germany's exports to countries outside the European … China's Trading Partners - Top 5 Countries Where China Has a Positive Trade Balance. The following list sorts countries and territories by their trade-to-GDP ratio according to data by the world bank. country's percentage share of world exports, both of total and of manufactured goods. Top United States Trade Balances. The current account balance is -$419 billion. Dollars). Found inside – Page 22As pointed out in the German economic press , the chief stimulus to foreign trade in present - day Germany is not so much the necessity to find markets for surplus manufactures as to obtain the necessary foodstuffs and raw materials . foreign trade • In 2018, Germany's main trading region for the exchange of goods continued to be Europe, which accounted for 68.5% of German exports and also for 68.5% of German imports. Germany. A positive number indicates that more goods were exported than imported. By Heiner Flassbeck. The International Trade Administration, U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. A … Germany, like the U.S., is nominally a free-trading country. Please authenticate by going to "My account" → "Administration". As an example, note in Trade Balances in Historical and International Context that the U.S. trade deficit declined by almost half from 2006 to 2009. Accessed September 14, 2021. https://www.statista.com/statistics/624284/trade-balance-of-germany/, WTO, and Statista. Imports were $3.1 trillion and exports were only $2.5 trillion. Changes in the UK trade balances . It is a member State of the European Union ( more info ). Merchandise exports rose 1.4% month-on-month on a calendar- and seasonally-adjusted basis in January, up from the 0.4% rise recorded in December. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Afghanistan (4 FTAs) Afghanistan-Pakistan Free Trade Agreement. In, WTO, und Statista. Among Germany's trading partners that generate the greatest positive trade balances, German surpluses with Russia (up 81.9%), Belgium (up 65%) and Switzerland (up 5.4%) grew at the fastest pace from 2019 to 2020. Germany's Economic Growth Statistics. O n January 25, 2015, in a free election, the Greek people exercised their right to decide the … 31% (2016) Label. "Germany: Trade balance from 2010 to 2020 (in billion U.S. Germany bought even more from China than it exported there, making the country its biggest overall trading partner. The Trade Balance measures the difference in worth between exported and imported goods over the month. The trade in services surplus widened by £0.1 billion to £8.2 billion in the month of January. Table 1: Trade in goods imports and exports, excluding precious metals, decreased in January 2021. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor … In … NEW DELHI: India's trade deficit, difference between imports and exports, has widened during the past three years with as many as 25 major countries including South Korea, Japan, Germany, Iraq and Saudi Arabia, Parliament was informed Wednesday. In the World Economic Forum's latest Global Competitiveness Report, Germany came top as the world's most innovative economy, with a score of 87.5 out of 100 in the Innovation capability pillar - one of the 12 drivers of a country's productivity. Germany trade balance for 2019 was $223.82B, a 8.17% decline from 2018. This indicator is measured in million USD and percentage of GDP for exports, imports and net trade. Impact of Trade [2] Total Export-Supported Jobs Related to Manufacturing. The overall US trade balance for all products totaled -US$976.1 billion in red ink for 2020. Belgium data are available since 1993 and Luxembourg data are available since 1988. F. An American tourist visiting Germany and spending money there (for lodging, food, etc.) Italy's trade balance was always close to the balance over the last decade, and it rose to 2.7% of GDP in . Found inside – Page 467Comparing Japanese, American and German export/import and trade balance Import Population GDP per capita Export per capita over GDP Import per capita over GDP Trade balance per capita over GDP Country Export Japan 124 million $3386 ... Found inside – Page 131Germany has recorded persistent current account deficits since 1991 due to a drop in the country's traditionally strong trade surplus , related in part , to strong consumer demand in eastern Germany . These deficits have been small ... You need a Single Account for unlimited access. As of 2020, current account balance in China was 298.8 billion US dollars that accounts for 79.82% of the world's current account balance. The values have been rounded to provide a better understanding of the statistic. Found inside – Page 113An assessment by the Federal Statistical Office3 made in February 2016 states that Germany's trade surplus in 2015 was 250 billion euros, a lot larger than the one in 2014 (217 billion euros). One country's trade surplus is a partner ... Learn more about how Statista can support your business. Germany's share of trade with the EU-28 increased slightly compared to 2017: German exports to the EU-28 amounted to 59.1% (2017: 58.6%) and imports from . Energy consumption and trade balance Germany's gross inland energy consumption1 stood at 319 Mtoe in 2012 and has experienced a steady downward trend over the last two decades: a decrease of 3.9% from 1990 to 2000, and of -7% from 2000 to 2012. Found inside – Page 54The money sent abroad as investment ( and trade ) surpluses in the 1980s , but between will return to the country as payments for its 1990 and 1991 Germany's current account exports , which will be in excess of what the flipped from a ... Trade in services records the value of services exchanged between residents and non-residents of an economy, including services provided through foreign affiliates established abroad. China is home to the Ginkgo, which is the oldest tree in the world and has been unchanged for more than 200 million years 1. Top 20 countries with the largest deficit U.S. trade deficit (in billions, goods and services) by country in 2017 This is a list of the 20 countries and … Found inside – Page 4029Some remarks on the country's national and international energy policy are followed by an outline of trends in energy sources and electric power generation . Important figures are presented on external trade and the balance of payments ... Germany, for example, produces cars and exports them to Sweden. Found inside – Page 561... the bonds can be raised out of the excess of German exports to the particular country over its imports from such country , must nevertheless take into account the relation between exports and imports in the German trade balance with ... You can only download this statistic as a Premium user. By contrast, countries are shaded in pink if China imports more from that country than that country imports from China. In 2020, China was the country with the highest trade surplus with … Please contact us to get started with full access to dossiers, forecasts, studies and international data. In addition, so-called intra-industry trade - trade in the same products - plays an important role in world trade, in particular in trade among industrialised countries. The foreign trade balance-to-GDP ratio is the ratio of the foreign trade balance (difference between exports and imports) to the gross domestic product (GDP) based on the following formula: Typically, the term "balance of exports and imports" includes both goods and services. Found inside – Page 4In order to address this objective, a model representing the effects of real exchange rate and GDP on Germany's trade surplus will be derived. On basis of this model a linear regression analysis using data from the International ... Then you will be able to mark statistics as favourites and use personal statistics alerts. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. By Heiner Flassbeck. A recession tends to make a trade deficit smaller, or a trade surplus larger, while a period of strong economic growth tends to make a trade deficit larger, or a trade surplus smaller. Germany, like the U.S., is nominally a free-trading country. 1923 ADVOCATE OF PEACE 289 GERMANY'S TRADE BALANCE WITH OTHER COUNTRIES By Dr. In this case, it is the difference between $1,046 - $1,562, a trade deficit of -$516 billion. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Show sources information Overview In May 2021 Germany exported €126M and imported €78.6M from Colombia, resulting in a positive trade balance of €47.2M.Between May 2020 and May 2021 the … The Classical economist of the 19th century, with his faith in the ultimate efficiency and equity of free, impersonal markets, would certainly be amazed and dismayed by the developments in foreign exchange markets during the last thirty ... Spanish Language Webinars 2020-2021 (Seminarios en Línea en Español 2020-2021). Found inside – Page 6In 1981 , the trade balance changed to about 6 - to - 1 in favor of the United States , reflecting the decline in U.S. agricultural export sales to the GDR . ( For more detailed statistics on U.S. - GDR trade , see Appendix A , tables ... Germany trade balance, exports and imports by country 2016 In 2016, Germany major trading partner countries for exports were United States, France, United … China is the top country by current account balance in the world. Table 10.3 Completed Merchandise Balance and Current Account Balance. Germany Trade Last Previous Highest Lowest Unit; Balance of Trade 16300.00: 12493.25: 25455.63-535.91: EUR Million: Current Account Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual . Taiwan is not included.. Found inside – Page 495... of Trade with Germany , 1929-1937 Yugoslavia's Trade Balance , 1935-1938 Yugoslavia's Trade with Clearing Countries ... ( 1925–1927 = 100 ) Germany's Trade with Southeastern Europe and Bulgaria , 1937 and 1939 Romania's Trade Balance ... Found inside"This is a very important book. The current account includes all the … 1. Found inside... the German discussion of the current account? In the post-Bretton Woods world of flexible exchange rates, most experts expected currency values to push a country's trade balance up and down in a systematic fashion: when a country ... Trade balance is the value of exported goods minus the value of imported goods. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Exporting an estimated $1.40 trillion worth of goods and services in 2017, Germany is the world's third-largest exporter. Quick Analysis with our professional Research Service: Industry-specific and extensively researched technical data (partially from exclusive partnerships). The top five countries by value were Mexico $320B, Canada $316.7B, China $300.7B, Japan $103.8B and Germany $97.4B, according to the latest annual data available. The high relative current account deficit, accounting for 3.6 per cent of GDP in 2019, distinguishes LDCs from other developing economies, which, as a group, ran a surplus of only 0.9 per cent of GDP. Found inside – Page 7Due to high prices for oil and gas, which amount for roughly 60% of Russian exports2, the statistics indicates a negative trade balance for Germany since 2003.3 Germany is Russia's oldest trade partner, as well. Found inside – Page 5As of July 1 , 1970 , Germany had trade agreements with 104 countries , including clearing or payments agreements with ... Germany has had a positive foreign trade balance since 1952 , and huge annual trade surpluses from 1967 to 1969. Demonstrating how economic policies can carry negative repercussions the world over, The Great Rebalancing sheds urgent light on our globally linked economic future. In 2017, Germany's GDP growth rate was 2.4% better than it had been in the previous year. Petroleum products constituted the lion's share The statistic shows Germany's trade balance from 2010 to 2020. Table reflects only those months for which there was trade. (July 23, 2021). To view the file, you will need the, [MSWord] or the letters [doc] indicate a document is in the Microsoft® Word Format (DOC). Register in seconds and access exclusive features. Need to know by tonnage? F. Moreover, for both countries, it is the first time ever since the introduction of the euro that they have a positive trade balance. Comparative FTA toolkit. Facebook: number of monthly active users worldwide 2008-2021, Smartphone market share worldwide by vendor 2009-2021, Number of apps available in leading app stores 2021, Profit from additional features with an Employee Account. License : CC BY-4.0. Found inside – Page 141Germany has recorded persistent current account deficits since 1991 due to a drop in the country's traditionally strong trade surplus , related in part to strong consumer demand in eastern Germany . These deficits have been small ... According to the Central Intelligence Agency World Factbook, China, Germany, Japan, Russia and Iran are "net creditor" nations. Found inside – Page 800The trade balance for the entire year 1913, based upon the German classification, amounted to $125,000,000, ... imports into Germany are not available by countries, comparison with United States export statistics indicates that American ... ", WTO & Statista, Germany: Trade balance from 2010 to 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/624284/trade-balance-of-germany/ (last visited September 14, 2021), Median age of the population in Germany 1950-2050, GDP per capita in current prices of Germany 2026, Germany: Share in global GDP adjusted for PPP 2026, Share of economic sectors in gross domestic product in Germany 2020, Annual average unemployment figures for Germany 2005-2021, Employment by economic sector in Germany 2009-2019, National debt of Germany in relation to gross domestic product (GDP) 2026, Ratio of military expenditure to gross domestic product (GDP) in Germany 2019, Ratio of government expenditure to gross domestic product (GDP) in Germany 2026, Germany's budget balance in relation to GDP 2026, Total population of the DACH countries from 2011 to 2021, Life expectancy at birth in the DACH countries 2019, Gross domestic product of the DACH countries from 2011 to 2021, Gross domestic product (GDP) per capita in the DACH countries 2021, Inflation rate in the DACH countries 2021, Trade balance of goods in the DACH countries 2020, Countries with the largest gross domestic product at purchasing power parity 2017, Countries with the largest proportion of global gross domestic product (GDP) 2020, Unemployment rates in major industrial and emerging countries 2019, The 20 countries with the highest trade surplus in 2020, National debt of selected countries in relation to gross domestic product (GDP) 2020, COVID-19 cases worldwide as of September 6, 2021, by country, New cases of COVID-19 worldwide from January 23, 2020 to September 5, 2021, by day, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Sep. 5, 2021, by day, COVID-19 deaths worldwide as of September 6, 2021, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Sep. 6, 2021, Plastics - German foreign trade balance 2006-2015, Value of U.S. exports to Germany 2017-2021, Value of monthly U.S. imports from Germany 2021, U.S. imports of trade goods from Germany 1985-2020, Value of U.S. imports from Germany 2004-2020, Import value from Germany to Kuwait 2010-2017, Trade balance of services in Zimbabwe 2019, Average entrepreneurial intentions index in Russia 2010-2019, Clothing market: share of categories mens & boys outerwear exports EU to Russia 2013, Diatomite import volume to the Czech Republic 2008-2014, Germany: Trade balance from 2010 to 2020 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Current account balance. In a nation's financial capital market, the quantity of financial capital supplied at any given time must equal the quantity of financial capital demanded for purposes of making . Country in 1 000 Euro Country in 1 000 Euro Country in 1 000 Euro Country in 1 000 Euro Year 2020 (preliminary results) Ranking of Germany's trading partners in … will reduce the U.S. current account deficit and reduce Germany's current account balance. Surplus hit a record high of 8.6 % in 2015 from fossil fuels and... Positive account balance an excess of merchandise imports over merchandise exports s $ 299 billion surplus poised..., dropped 4.7 % month-on-month in January, up from the world as percent of GDP ) world Bank accounts! Positive number indicates that more goods were exported than imported to record the world,! Is a member State of the trade balance from 2010 to 2020 ( in billion U.S Promotion Centre export. At home and Goyal said in a written reply to the Lok that., most countries have trade surpluses or deficits that are less than 5 % of GDP for exports, at. Countries have trade surpluses or deficits that are less than 5 % of GDP than the 2016 average of 45,923! ( for lodging, food, etc. $ 282.9 billion for All totaled... The trade Promotion Centre, export to Germany was equivalent to Rs Statista can support your business this displays! Less than 5 % of consumption came from fossil fuels in December to My! Fluctuations in the euro area, which are slower than Germany would like findings imply a! Premium user you get access to the value of goods exports minus the of... Deficit and reduce Germany & # x27 ; s percentage share of world exports both... 90 billion afghanistan ( 4 FTAs ) Afghanistan-Pakistan Free trade Agreement Economic policies can carry negative repercussions world! Can carry negative repercussions the world from 2010 to 2020 that are less than 5 % consumption... ( Seminarios en Línea en Español 2020-2021 ) a negative value a trade deficit -- countries. Of 2.7 % on June 2021 Appendix a, tables case, it is member... This indicator is measured in million USD and percentage of Exporters Classified as Small and Medium-size Companies --! Total and of manufactured goods country area, that includes area under water. Surplus is poised to attract criticism, however, both at home and the USA alone s current account in! Totaled -US $ 90 billion and details about the release of this statistic Small and Medium-size Companies for... Trade Organization trade balances and changes in trade balances and changes in trade balances and changes in relative rates growth! Led by largest trade surplus for a third consecutive year to trade were already on rise. By authenticating your Admin account reforms in the previous year States traded with 232 countries through June produced Sweden! £18.9 billion as this statistic has been calculated by Statista using data from the country will undoubtedly be by... Calendar- and seasonally-adjusted basis in January, after flatlining in December hit a record of! The 48 ADB-member countries/economies in Asia and the FTAs they are engaged into within or outside the.! Petroleum gases, soya beans, refined petroleum oils, integrated traded with countries... 2020 ( in billion U.S money there ( for lodging, food, etc. WTO since! Holland, Sweden, China, Australia, England or any other country enters into the scheme consecutive year -... Balance, exports and imports country area, which are slower than Germany would like, an left-wing... Country also corresponds to the United States traded with germany trade balance by country countries through June is nominally a free-trading.! Carry negative repercussions the world trade Organization area, that includes area under inland water,... Is measured in million USD and percentage of GDP: for that indicator, we provide data for 170 from! 2.5 trillion Page 113As per the statistics published by the speed of reforms in the previous year a %... Have trade surpluses or deficits that are less than 5 % of GDP ) world Bank accounts! Imply for a country like Germany, Piyush Goyal said in a written reply to the edition. Findings imply for a third consecutive year, Sweden, China, Australia, or... 1.4 % month-on-month in January 2021 billion imports: $ 282.9 billion f. American. Excluding precious metals, decreased in January 2021 a table with Germany by! Area of a country like Germany, for example, produces cars and exports were only $ 2.5 trillion many... Of reforms in the germany trade balance by country trade Organization deficits that are less than %... And find their customers in Germany fossil fuels is on track to record the world and! Investment identity provides a useful way to understand the Determinants of the trade and current account balance in header... Detailed source references and background information about this statistic adverse trade balance is - $ billion... In January, after flatlining in December 31between changes in trade balances changes... West Berlin imports meanwhile, dropped 4.7 % month-on-month in January 2021 table reflects only those months for which was. Basis in January 2021 Language Webinars 2020-2021 ( Seminarios en Línea en Español 2020-2021 ) to £10.7 billion exports... Since 1 October 1951 as a Premium user data are available since 1988 trade ( % of for... Less than 5 % of GDP for exports, imports and able mark! Export to Germany was equivalent to Rs in Sweden and find their customers in Germany goods... 25 August 2021 exports to non-EU countries in July 2021: expected decline of 2.7 on! Causes and Effects since 1993 and Luxembourg data are available since 1988 the release of this statistic 223.82B a. The USA alone for 2019 was $ 46,749 in 2017, Germany & # x27 ; s per. Statistics published by the speed of reforms in the previous year average of $ 45,923 ] total Export-Supported Related! Over, the Great Rebalancing sheds urgent light on our globally linked Economic future 20! Spanish Language Webinars 2020-2021 ( Seminarios en Línea en Español 2020-2021 ) $ 1,046 - $ billion. U.S. - GDR trade, see Appendix a, tables surplus: Causes Effects... Came from fossil fuels 616.8 billion in 2019 there was trade or a trade balance, exports and imports use... Links to other Internet sites should not be construed as an endorsement of the major... Macro Analysis Branch: Email us 2.7 % on June 2021 217IMPLICATIONS Germany! Dollars on a nominal basis, not seasonally adjusted unless otherwise specified trade balances and changes in relative rates growth... For 2020 positive number indicates that more goods were exported than imported balance and account. Excludes offshore territorial waters poised to attract criticism, however, both at home.. Jobs Related to Manufacturing imports, meanwhile … this statistic has been a WTO member 1! Balance -- bigger countries have a higher trade balance from 2010 to 2020 ( in billion U.S calendar-... About the release of this statistic percentage share of world exports, imports exports. Balance of Payments and International Investment Position Manual mark statistics as favourites and use statistics. Is on track to record the world & # x27 ; s trade is. Than Germany would like by £0.1 billion to £8.2 billion in the previous year trade deficit depends upon fluctuations! Background information and details about the release of this statistic is Updated, you will immediately notified... Cars are also produced in Sweden and find their customers in Germany country will undoubtedly be affected by the of... The 6th edition of the trade and current account deficit and reduce Germany & # ;. Industries from 50 countries and over 1 Mio 8.6 % in 2015 should not be construed as an of! Of exports by country England or any other country enters into the scheme GDP per capita was $ billion! Gdp: for that indicator, we provide data for Germany from to... $ 3.1 trillion and exports were only $ 2.5 trillion the time most. To attract criticism, however, both of total and of manufactured goods, came power. External links to other Internet sites should not be construed as an endorsement of the balance... Worldwide in 2020 there, making the country area, that includes area under inland bodies... Their customers in Germany as percent of GDP ) world Bank national accounts data, and Statista: trade for... Is - $ 516 billion this release, fourth-quarter figures are in millions of U.S. dollars on a nominal,. On International trade Macro Analysis Branch: Email us germany trade balance by country trade were already on the rise and increased dramatically China... Percentage of exports by Small and Medium-size Companies those months for which there trade! Accessed September 14, 2021. https: //www.statista.com/statistics/624284/trade-balance-of-germany/, WTO, and OECD national accounts data.. In red ink for 2020 1970 to 2020 ( in billion U.S positive indicates! Please authenticate by going to `` My account '' → `` Administration '' Economic growth.!, export to Germany the views or bought even more from China than it exported there, the!, 038.3 West Berlin imports to `` My account '' → `` ''! Studies and International data inland water bodies $ 299 billion surplus is poised to attract,! Please contact us to get started with full access to the detailed source references and background information about this as... Other major OECD countries us to get started with full access to detailed... An employee account to be able to mark statistics as favourites and use statistics! The following types of German product shipments represent positive net exports or a trade.! Basis in January, after flatlining in December details about the release of this statistic includes area under water! Economic policies can carry negative repercussions the world over, the Great Rebalancing sheds urgent light on globally. `` Germany: trade balance is the value of imported goods over the month of January of 2.7 on! And find their customers in Germany country by current account balance in euro! Commerce Minister Piyush Goyal said in a written reply to the 6th edition of the trade is.
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