Overview: In January 2021 Germany exported €97.6B and imported €84.9B, resulting in a positive trade balance of €12.7B. Between January 2020 and January 2021 the exports of Germany have decreased by €-8.12B (-7.68%) from €106B to €97.6B, while imports decreased by €-8.49B (-9.09%) from €93.4B to €84.9B.
Trade: In January 2021, the top exports of Germany were Motor cars and motor caravans (€8.03B), Pharmaceutical products (€7.03B), Chassis, bodies, engines etc. for motor... (€6.37B), Machinery for electricity production, distribution (€5.02B), and Other machinery (€3.66B). In January 2021 the top imports of Germany were Petroleum oil and petroleum gases (€4.75B), Machinery for electricity production, distribution (€4.15B), Motor cars and motor caravans (€4.06B), Estimations for non-response (€4.01B), and Pharmaceutical products (€3.93B).
Origins: In January 2021 the exports of Germany were mainly from Baden-Württemberg (€15.3B), North Rhine-Westphalia (€14.6B), Bavaria (€13B), Lower Saxony (€5.91B), and Hesse (€5.07B), while imports destinations were mainly North Rhine-Westphalia (€18.4B), Bavaria (€15.7B), Baden-Württemberg (€13.2B), Hesse (€8.57B), and Lower Saxony (€7.2B).
Destinations: In January 2021, Germany exported mostly to United States (€8.48B), France (€7.86B), China (€7.53B), Netherlands (€7.4B), and Poland (€5.63B), and imported mostly from China (€10.7B), Netherlands (€7.11B), Poland (€5.04B), United States (€4.93B), and France (€4.46B).
Growth: In January 2021, the decrease in Germany's year-by-year exports was explained primarily by an decrease in exports to United Kingdom (€-1.66B or -27.9%), France (€-857M or -9.83%), and United States (€-552M or -6.12%), and product exports decrease in Motor cars and motor caravans (€-1.36B or -14.5%), Aircraft (€-1.32B or -51.5%), and Measuring and automatical control instruments (€-704M or -22.6%). In January 2021, the decrease in Germany's year-by-year imports was explained primarily by an decrease in imports from United Kingdom (€-1.91B or -52.1%), United States (€-1.37B or -21.7%), and Netherlands (€-816M or -10.3%), and product imports decrease in Aircraft (€-1.03B or -47.6%), Mineral oil products (€-908M or -51.7%), and Petroleum oil and petroleum gases (€-756M or -13.7%).