Overview In August 2022 Germany exported €128B and imported €129B, resulting in a negative trade balance of €1.5B. Between August 2021 and August 2022 the exports of Germany have increased by €24B (23.1%) from €104B to €128B, while imports increased by €35.8B (38.3%) from €93.6B to €129B.
Trade In August 2022, the top exports of Germany were Pharmaceutical products (€9.92B), Motor cars and motor caravans (€9.81B), Chassis, bodies, engines etc. for motor... (€6.84B), Machinery for electricity production, distribution (€6.6B), and Other machinery (€4.75B). In August 2022 the top imports of Germany were Petroleum oil and petroleum gases (€14.9B), Pharmaceutical products (€6.44B), Machinery for electricity production, distribution (€6.24B), Estimations for non-response (€5.66B), and Motor cars and motor caravans (€4.25B).
Origins In August 2022 the exports of Germany were mainly from Baden-Württemberg (€20.6B), North Rhine-Westphalia (€19.7B), Bavaria (€17.5B), Lower Saxony (€7.36B), and Hesse (€6.65B), while imports destinations were mainly North Rhine-Westphalia (€27.8B), Baden-Württemberg (€20.5B), Bavaria (€20.1B), Lower Saxony (€18B), and Hesse (€11.2B).
Destinations In August 2022, Germany exported mostly to United States (€13.3B), France (€8.94B), Netherlands (€8.8B), Austria (€7.84B), and Poland (€7.72B), and imported mostly from Netherlands (€11B), Norway (€8.87B), United States (€8.62B), Poland (€6.5B), and Italy (€5.41B).
Growth In August 2022, the increase in Germany's year-by-year exports was explained primarily by an increase in exports to China (€223M or 3.06%), Spain (€81.6M or 3.04%), and Algeria (€39.9M or 43.5%), and product exports increase in Pharmaceutical products (€483M or 7.37%), Office and automatic data processing machines (€224M or 12.2%), and Other semi-finished products (€173M or 15.7%). In August 2022, the increase in Germany's year-by-year imports was explained primarily by an increase in imports from Poland (€191M or 3.93%), South Africa (€164M or 20.8%), and Italy (€95.6M or 2.21%), and product imports increase in Other semi-finished products (€500M or 45.1%), Office and automatic data processing machines (€288M or 8.89%), and Machinery for electricity production, distribution (€278M or 7.19%).