HS Icon Metalworking Transfer Machines in  Flag Germany

2020
Exports | Imports
: $1.74B | $387M, World Rnk 2 / 84
Flag Rnk 159 / 1217 | World Rnk 3 / 166
Flag Rnk 434 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $58.7M | $8.86M, Sweden |  Bulgaria

2020
ECONOMIC COMPLEXITY of Germany
: 1.88, Rnk 4 / 127

2020
PRODUCT COMPLEXITY  IN Metalworking Transfer Machines
: 2.55, Rnk 1 / 1029

Exports In 2020, Germany exported $1.74B in Metalworking Transfer Machines, making it the 2nd largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 159th most exported product in Germany. The main destination of Metalworking Transfer Machines exports from Germany are: China ($326M), United States ($238M), Austria ($105M), Italy ($94.2M), and Poland ($88.4M).

The fastest growing export markets for Metalworking Transfer Machines of Germany between 2019 and 2020 were Sweden ($58.7M), Spain ($11.6M), and Slovakia ($10.1M).

Imports In 2020, Germany imported $387M in Metalworking Transfer Machines, becoming the 3rd largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 434th most imported product in Germany. Germany imports Metalworking Transfer Machines primarily from: Switzerland ($72.8M), Japan ($63.6M), Italy ($56.2M), Netherlands ($41.7M), and South Korea ($28.6M).

The fastest growing import markets in Metalworking Transfer Machines for Germany between 2019 and 2020 were Bulgaria ($8.86M), Netherlands ($2.39M), and China ($1.48M).

Tariffs In 2019, the average tariff for Germany in Metalworking Transfer Machines was 0.99%. The countries with the highest import tariffs for Metalworking Transfer Machines were Republic of the Congo (Most Favoured Nation duty rate treatement, 2.7%), Western Sahara (Most Favoured Nation duty rate treatement, 2.7%), Gabon (Most Favoured Nation duty rate treatement, 2.7%), Libya (Most Favoured Nation duty rate treatement, 2.7%), and Mayotte (Most Favoured Nation duty rate treatement, 2.7%).

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Subnational Monthly Trade

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The following visualization shows the latest trends on Metalworking Transfer Machines. 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

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EXPORTS (2020): $1.74B

IMPORTS (2020): $387M

NET TRADE (2020): $1.35B

In 2020, Germany exported $1.74B in Metalworking Transfer Machines. The main destinations of Germany exports on Metalworking Transfer Machines were China ($326M), United States ($238M), Austria ($105M), Italy ($94.2M), and Poland ($88.4M).

In 2020, Germany imported $387M in Metalworking Transfer Machines, mainly from Switzerland ($72.8M), Japan ($63.6M), Italy ($56.2M), Netherlands ($41.7M), and South Korea ($28.6M).

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THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR Germany WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY Germany WERE (2019 - 2020):

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Market Concentration

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In 2020, Germany's main exporting competitors in Metalworking Transfer Machines were:

In 2020, Germany's main importing competitors in Metalworking Transfer Machines were:

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