Overview In March 2023, Germany exported €97.8M and imported €232M from Iraq, resulting in a negative trade balance of €134M. Between March 2022 and March 2023 the exports of Germany have decreased by €-1.44M (-1.45%) from €99.2M to €97.8M, while imports increased by €148M (176%) from €83.9M to €232M.
Trade In March 2023, the top exports of Germany to Iraq were Pumps and compressors (€13.6M), Other electric machinery, apparatus and appliances (€7.04M), Other machinery (€6.83M), Engines (excl. for tractor,aircraft, road vehicle) (€4.46M), and Medical, surgical equipment, orthopaedic apparatus (€3.8M). In March 2023 the top imports of Germany from Iraq were Petroleum oil and petroleum gases (€50.1M), Other raw materials inclusive waste (€126k), Nuts and dried fruits (€122k), Returned goods (€109k), and Other end products (€72k).
Origins In March 2023 the exports of Germany were mainly from Berlin (€16.6M), Hesse (€12.2M), Bavaria (€11.8M), Baden-Württemberg (€11.7M), and North Rhine-Westphalia (€10.8M), while imports destinations were mainly Baden-Württemberg (€91.6M), Saxony-Anhalt (€68.4M), North Rhine-Westphalia (€58.8M), Bavaria (€12.6M), and Lower Saxony (€339k).
Growth In March 2023, the decrease in Germany's year-by-year exports to Iraq was explained primarily by an decrease in product exports in Machinery for electricity production, distribution (€-12.4M or -80.4%), Engines (excl. for tractor,aircraft, road vehicle) (€-7M or -61.1%), and Motor cars and motor caravans (€-3.6M or -54.8%). In March 2023, the increase in Germany's year-by-year imports from Iraq was explained primarily by an increase in product imports in [object Object], [object Object], and [object Object].