2022
Exports
$1.24BWorld Rnk 2 / 182
Flag Rnk 240 / 1216
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$1.58BWorld Rnk 1 / 216
Flag Rnk 191 / 1215
2022
ECONOMIC COMPLEXITY of Germany
1.78Rnk 5 / 133

About

Exports In 2022, Germany exported $1.24B in Electromagnets, making it the 2nd largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 240th most exported product in Germany. The main destination of Electromagnets exports from Germany are: China ($166M), United States ($126M), Czechia ($90.8M), Poland ($78.4M), and Austria ($72M).

The fastest growing export markets for Electromagnets of Germany between 2021 and 2022 were China ($13.4M), United States ($13M), and Austria ($11.8M).

Imports In 2022, Germany imported $1.58B in Electromagnets, becoming the 1st largest importer of Electromagnets in the world. At the same year, Electromagnets was the 191st most imported product in Germany. Germany imports Electromagnets primarily from: China ($840M), Japan ($90.4M), France ($72.3M), Poland ($65.1M), and Czechia ($55.1M).

The fastest growing import markets in Electromagnets for Germany between 2021 and 2022 were China ($265M), Poland ($26.7M), and Japan ($13.9M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (221), Robert Bosch (139), and Mahle Behr (19) were at the forefront of shipping Electromagnets from Germany to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electromagnets. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.24B
IMPORTS (2022)$1.58B
NET TRADE (2022)-$342M

In 2022, Germany exported $1.24B in Electromagnets. The main destinations of Germany exports on Electromagnets were China ($166M), United States ($126M), Czechia ($90.8M), Poland ($78.4M), and Austria ($72M).

In 2022, Germany imported $1.58B in Electromagnets, mainly from China ($840M), Japan ($90.4M), France ($72.3M), Poland ($65.1M), and Czechia ($55.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Germany WERE (2021 - 2022):
China$13.4M (8.78%)
United States$13M (11.5%)
Austria$11.8M (19.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Germany WERE (2021 - 2022):
Romania-$22.8M (-34.4%)
Sweden-$14.9M (-38.8%)
Hungary-$9.1M (-12.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Germany's main exporting competitors in Electromagnets were:
China $6.28B
Japan $1.18B
In 2022, Germany's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $23.5M
TOP IMPORT POTENTIALFrance+ $24.1M

Electromagnets’s highest export potential is France. With an export gap of $23.5M.   Electromagnets’s highest import potential is France with an import gap of $24.1M.

See methodology.

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