Overview In November 2022, Germany exported €3.62B and imported €3.73B from Spain, resulting in a negative trade balance of €107M. Between November 2021 and November 2022 the exports of Germany have increased by €375M (11.5%) from €3.24B to €3.62B, while imports increased by €389M (11.7%) from €3.34B to €3.73B.
Trade In November 2022, the top exports of Germany to Spain were Pharmaceutical products (€389M), Chassis, bodies, engines etc. for motor... (€229M), Estimations for non-response (€174M), Motor cars and motor caravans (€130M), and Other machinery (€129M). In November 2022 the top imports of Germany from Spain were Motor cars and motor caravans (€896M), Pharmaceutical products (€334M), Estimations for non-response (€211M), Chassis, bodies, engines etc. for motor... (€176M), and Vegetables and other edible plants, roots,... (€156M).
Origins In November 2022 the exports of Germany were mainly from North Rhine-Westphalia (€720M), Baden-Württemberg (€652M), Bavaria (€406M), Lower Saxony (€257M), and Hesse (€253M), while imports destinations were mainly North Rhine-Westphalia (€961M), Lower Saxony (€621M), Bavaria (€567M), Baden-Württemberg (€433M), and Hesse (€297M).
Growth In November 2022, the increase in Germany's year-by-year exports to Spain was explained primarily by an increase in product exports in Chassis, bodies, engines etc. for motor... (€122M or 59.9%), Office and automatic data processing machines (€98.4M or 452%), and Machinery for electricity production, distribution (€51.7M or 81.8%). In November 2022, the increase in Germany's year-by-year imports from Spain was explained primarily by an increase in product imports in [object Object], [object Object], and [object Object].