Overview In December 2022, Germany exported €1.08B and imported €710M from Canada, resulting in a positive trade balance of €375M. Between December 2021 and December 2022 the exports of Germany have increased by €222M (25.8%) from €863M to €1.08B, while imports increased by €64.4M (9.97%) from €645M to €710M.
Trade In December 2022, the top exports of Germany to Canada were Motor cars and motor caravans (€139M), Pharmaceutical products (€137M), Machinery for electricity production, distribution (€33.6M), Other machinery (€31M), and Chassis, bodies, engines etc. for motor... (€29.7M). In December 2022 the top imports of Germany from Canada were Iron ores (€96.7M), Other end products (€79.1M), Other ores and ashes of metals (€34.6M), Copper ores (€32M), and Aircraft (€29.1M).
Origins In December 2022 the exports of Germany were mainly from Baden-Württemberg (€251M), Bavaria (€159M), North Rhine-Westphalia (€116M), Hesse (€69.6M), and Rhineland-Pfalz (€37.9M), while imports destinations were mainly North Rhine-Westphalia (€231M), Lower Saxony (€124M), Hesse (€119M), Bavaria (€44M), and Baden-Württemberg (€37M).
Growth In December 2022, the increase in Germany's year-by-year exports to Canada was explained primarily by an increase in product exports in Pharmaceutical products (€49.1M or 55.6%), Motor cars and motor caravans (€41.8M or 42.8%), and Engines (excl. for tractor,aircraft, road vehicle) (€11.2M or 416%). In December 2022, the increase in Germany's year-by-year imports from Canada was explained primarily by an increase in product imports in [object Object], [object Object], and [object Object].