Overview In December 2022 Germany exported €124B and imported €116B, resulting in a positive trade balance of €8.32B. Between December 2021 and December 2022 the exports of Germany have increased by €7.66B (6.59%) from €116B to €124B, while imports increased by €4.55B (4.1%) from €111B to €116B.
Trade In December 2022, the top exports of Germany were Motor cars and motor caravans (€12.3B), Pharmaceutical products (€9.17B), Machinery for electricity production, distribution (€6.03B), Chassis, bodies, engines etc. for motor... (€5.65B), and Other machinery (€5.16B). In December 2022 the top imports of Germany were Petroleum oil and petroleum gases (€10.3B), Machinery for electricity production, distribution (€6.5B), Pharmaceutical products (€5.96B), Motor cars and motor caravans (€5.82B), and Estimations for non-response (€5.37B).
Origins In December 2022 the exports of Germany were mainly from Baden-Württemberg (€20.8B), North Rhine-Westphalia (€17.9B), Bavaria (€17.7B), Lower Saxony (€7.27B), and Hesse (€6.13B), while imports destinations were mainly North Rhine-Westphalia (€22.6B), Bavaria (€20.1B), Baden-Württemberg (€18.6B), Lower Saxony (€14.9B), and Hesse (€10B).
Destinations In December 2022, Germany exported mostly to United States (€12.3B), France (€9.36B), Netherlands (€9.13B), Poland (€6.81B), and Italy (€6.79B), and imported mostly from Netherlands (€8.8B), United States (€7.77B), Poland (€6.3B), Norway (€6.05B), and France (€5.73B).
Growth In December 2022, the increase in Germany's year-by-year exports was explained primarily by an increase in exports to United States (€1.49B or 17.5%), United Kingdom (€1.1B or 25.6%), and Austria (€894M or 18.4%), and product exports increase in Motor cars and motor caravans (€1.81B or 22.5%), Pharmaceutical products (€896M or 12.7%), and Other prefabricated chemicals (€762M or 33.5%). In December 2022, the increase in Germany's year-by-year imports was explained primarily by an increase in imports from Norway (€2.76B or 271%), Netherlands (€2.58B or 36.3%), and Russia (€1.46B or 57.7%), and product imports increase in Petroleum oil and petroleum gases (€6.16B or 130%), Pharmaceutical products (€2.27B or 57.8%), and Machinery for electricity production, distribution (€931M or 22.5%).