United States (USA) and Germany (DEU) Trade

2023

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Exports $94.8BRnk 4 / 220

2023

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About

United States-Germany Trade: In 2023, United States exported $94.8B to Germany. The main products that United States exported to Germany were Cars ($9B), Crude Petroleum ($8.21B), and Gas Turbines ($7.54B). Over the past 5 years the exports of United States to Germany have increased at an annualized rate of 6.64%, from $68.7B in 2018 to $94.8B in 2023.

In 2017, United States exported services to Germany worth $35.5B, with Other business services ($9.11B), Travel ($5.88B), and Financial services ($5.73B) being the largest in terms of value.

Germany-United States Trade: In 2023, Germany exported $157B to United States. The main products that Germany exported to United States were Cars ($24.3B), Vaccines, blood, antisera, toxins and cultures ($12.4B), and Packaged Medicaments ($8.38B). Over the past 5 years the exports of Germany to United States have increased at an annualized rate of 4.82%, from $124B in 2018 to $157B in 2023.

In 2020, Germany exported services to United States worth $8.03B, with Insurance services ($4.15B), Government services, n.i.e. ($1.6B), and Financial services ($1.4B) being the largest in terms of value.

Comparison: In 2023, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Company data: In 2023, leading companies such as ZF Friedrichshafen (22k), Robert Bosch (16.1k), and General Motors (9.39k) were at the forefront of exporting goods from Germany to the United States. Conversely, Other (38.1k), Unknown (8.7k), and Bosch Rexroth Ag (2.61k) were notable for importing products to Germany from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $6.37B and imported $12.9B from Germany, resulting in a negative trade balance of $6.51B. Between November 2023 and November 2024 the exports of United States have decreased by $-141M (-2.17%) from $6.51B to $6.37B, while imports increased by $411M (3.3%) from $12.5B to $12.9B.

Trade In November 2024, the top exports of United States to Germany were Aircraft parts (gliders, balloons, and powered... ($723M), Vaccines, blood, antisera, toxins and cultures ($477M), Cars ($468M), Crude Petroleum ($306M), and Hormones ($293M). In November 2024 the top imports of United States from Germany were Cars ($2.16B), Vaccines, blood, antisera, toxins and cultures ($1B), Commodities not elsewhere specified ($711M), Packaged Medicaments ($591M), and Motor vehicles; parts and accessories (8701... ($496M).

Origins In November 2024 the exports of United States were mainly from Texas ($801M), California ($530M), South Carolina ($473M), Indiana ($459M), and Alabama ($364M), while imports destinations were mainly California ($1.22B), Georgia ($1.04B), Maryland ($939M), Texas ($841M), and Florida ($818M).

Growth In November 2024, the decrease in United States's year-by-year exports to Germany was explained primarily by an decrease in product exports in Cars ($-57.8M or -11%), Packaged Medicaments ($-47.9M or -46.7%), and Nucleic Acids ($-46M or -64.2%). In November 2024, the increase in United States's year-by-year imports from Germany was explained primarily by an increase in product imports in Cars ($955M or 79.4%), Vaccines, blood, antisera, toxins and cultures ($379M or 60.8%), and Planes, Helicopters, and/or Spacecraft ($214M or 731%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)$-141M(-2.17%)

IMPORT GROWTH (November 2023 - November 2024)$411M(3.3%)

MAIN EXPORTER (November 2024)Texas$801M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Germany and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, United States exported $94.8B to Germany. The main products exported from United States to Germany were Cars ($9B), Crude Petroleum ($8.21B), and Gas Turbines ($7.54B). During the last 5 years the exports of United States to Germany have increased at an annualized rate of 6.64%, from $68.7B in 2018 to $94.8B in 2023.

In 2018, Germany exported $157B to United States. The main products exported from Germany to United States were Cars ($24.3B), Vaccines, blood, antisera, toxins and cultures ($12.4B), and Packaged Medicaments ($8.38B). During the last 5 years the exports of Germany to United States have increased at an annualized rate of 4.82%, from $124B in 2023 to $157B in 2018.

Exports from United States () to Germany () (2023)

Exports from Germany () to United States () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$269B

Germany
Top DestinationUnited States$157B

This map shows whether countries import more from United States or Germany. Each country is colored based on the difference in imports they receive from United States and Germany or the difference in the growth in imports.

In 2023, countries that imported more from United States than Germany included Canada ($269B), Mexico ($243B), and Japan ($80.2B).

In 2023, countries that imported more from Germany than United States included France ($118B), Italy ($94.7B), and Poland ($80.2B).

Difference in imports from Germany () and United States () (2023)

Comparative Advantage United States - Germany

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Germany by product, considering products traded by both, United States and Germany.

During 2023, United States had a large net trade with Germany in the exports of Machines ($23.4B), Chemical Products ($18.4B), and Mineral Products ($14.4B).

During 2018, Germany had a large net trade with United States in the exports of Machines ($47.9B), Transportation ($40B), and Chemical Products ($30.4B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Germany+$1.09BRefined Petroleum

Top Product Potential Germany United States+$3.75BCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Deu Year

Usa Year

In 2017, United States exported services to Germany worth $35.5B, with Other business services ($9.11B), Travel ($5.88B), and Financial services ($5.73B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Germany () (2017)

Services Exports from Germany () to United States () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United States and Germany. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Germany. Similarly, a dot/product with the flag of Germany indicates it has a comparative advantage over United States.

Product Space of United States () and Germany () (2023)

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