Overview In May 2023 Germany exported €130B and imported €118B, resulting in a positive trade balance of €11.8B. Between May 2022 and May 2023 the exports of Germany have decreased by €-2.28B (-1.72%) from €133B to €130B, while imports decreased by €-13B (-9.93%) from €131B to €118B.
Trade In May 2023, the top exports of Germany were Motor cars and motor caravans (€13.9B), Pharmaceutical products (€8.22B), Chassis, bodies, engines etc. for motor... (€7.47B), Machinery for electricity production, distribution (€6.86B), and Other machinery (€4.98B). In May 2023 the top imports of Germany were Machinery for electricity production, distribution (€7.67B), Motor cars and motor caravans (€6.32B), Pharmaceutical products (€5.94B), Estimations for non-response (€5.82B), and Chassis, bodies, engines etc. for motor... (€5.44B).
Origins In May 2023 the exports of Germany were mainly from Foreign Countries (€29.3B), Baden-Württemberg (€20.5B), North Rhine-Westphalia (€19.4B), Bavaria (€19B), and Lower Saxony (€8.29B), while imports destinations were mainly North Rhine-Westphalia (€24.7B), Bavaria (€20.9B), Baden-Württemberg (€20B), Lower Saxony (€11B), and Hesse (€10.7B).
Destinations In May 2023, Germany exported mostly to United States (€12.5B), France (€9.74B), Netherlands (€9.23B), China (€8.72B), and Poland (€7.38B), and imported mostly from China (€13.2B), Netherlands (€9.02B), United States (€7.78B), Poland (€7.12B), and Italy (€6.28B).
Growth In May 2023, the decrease in Germany's year-by-year exports was explained primarily by an decrease in exports to United States (€-962M or -7.16%), Austria (€-621M or -8.53%), and China (€-492M or -5.34%), and product exports decrease in Pharmaceutical products (€-2.39B or -22.5%), Mineral oil products (€-938M or -36.6%), and Plastics (€-863M or -27%). In May 2023, the decrease in Germany's year-by-year imports was explained primarily by an decrease in imports from China (€-4.19B or -24%), Russia (€-3B or -91.2%), and Norway (€-1.45B or -36.8%), and product imports decrease in Other prefabricated chemicals (€-6.05B or -69.4%), Petroleum oil and petroleum gases (€-4.22B or -45.1%), and Plastics (€-677M or -29.6%).