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2022
Flag → Flag
Exports $16.9BRnk 21 / 223
2022
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Top Product $2.35BMotor vehicles; parts and accessories (8701 to 8705)
2022
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Exports $7.16BRnk 6 / 156
2022
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Top Product $3.61BCars
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
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GDP GROWTH17.7%CURRENT US$
Rnk 127 / 186
2022
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GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$11,091CURRENT US$
Rnk 74 / 186
2012-2022
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GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

Germany-Mexico Trade: In 2022, Germany exported $16.9B to Mexico. The main products that Germany exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($2.35B), Planes, Helicopters, and/or Spacecraft ($1.55B), and Cars ($638M). Over the past 5 years the exports of Germany to Mexico have increased at an annualized rate of 2.72%, from $14.7B in 2017 to $16.9B in 2022.

In 2020, Germany exported services to Mexico worth $2.38B, with Transportation ($785M), Other business services ($636M), and Royalties and license fees ($611M) being the largest in terms of value.

Mexico-Germany Trade: In 2022, Mexico exported $7.16B to Germany. The main products that Mexico exported to Germany were Cars ($3.61B), Orthopedic Appliances ($296M), and Motor vehicles; parts and accessories (8701 to 8705) ($239M). Over the past 5 years the exports of Mexico to Germany have decreased at an annualized rate of 2.53%,  from $8.14B in 2017 to $7.16B in 2022.

In 2022, Mexico did not export any services to Germany.

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €1.44B and imported €923M from Mexico, resulting in a positive trade balance of €512M. Between August 2023 and August 2024 the exports of Germany have decreased by €-275M (-16.1%) from €1.71B to €1.44B, while imports decreased by €-33.6M (-3.51%) from €957M to €923M.

Trade In August 2024, the top exports of Germany to Mexico were Chassis, bodies, engines etc. for motor... (€233M), Machinery for electricity production, distribution (€116M), Pharmaceutical products (€94.6M), Motor cars and motor caravans (€79.8M), and Other machinery (€71.8M). In August 2024 the top imports of Germany from Mexico were Motor cars and motor caravans (€409M), Office and automatic data processing machines (€63.7M), Medical, surgical equipment, orthopaedic apparatus (€56.4M), Machinery for electricity production, distribution (€54.2M), and Chassis, bodies, engines etc. for motor... (€40.2M).

Origins In August 2024 the exports of Germany were mainly from Baden-Württemberg (€220M), Bavaria (€218M), North Rhine-Westphalia (€207M), Hesse (€97.9M), and Lower Saxony (€95.8M), while imports destinations were mainly Lower Saxony (€328M), Bavaria (€145M), Baden-Württemberg (€126M), North Rhine-Westphalia (€96.4M), and Hesse (€63.1M).

Growth In August 2024, the decrease in Germany's year-by-year exports to Mexico was explained primarily by an decrease in product exports in Other prefabricated chemicals (€-8.31M or -39.2%), Plates and sheets of iron or... (€-7.11M or -37.1%), and Machinery for paper production and printing (€-6.69M or -59.2%). In August 2024, the decrease in Germany's year-by-year imports  from Mexico was explained primarily by an decrease in product imports  in Medical, surgical equipment, orthopaedic apparatus (€-24.3M or -30.2%), Other machinery (€-8.3M or -36.5%), and Television, radio receivers, sound, video recorder (€-4.99M or -27.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-275M(-16.1%)
IMPORT GROWTH (August 2023 - August 2024)€-33.6M(-3.51%)
MAIN EXPORTER (August 2024)Baden-Württemberg€220M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Mexico and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $16.9B to Mexico. The main products exported from Germany to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($2.35B), Planes, Helicopters, and/or Spacecraft ($1.55B), and Cars ($638M). During the last 5 years the exports of Germany to Mexico have increased at an annualized rate of 2.72%, from $14.7B in 2017 to $16.9B in 2022.

In 2017, Mexico exported $7.16B to Germany. The main products exported from Mexico to Germany were Cars ($3.61B), Orthopedic Appliances ($296M), and Motor vehicles; parts and accessories (8701 to 8705) ($239M). During the last 5 years the exports of Mexico to Germany have decreased at an annualized rate of 2.53%, from $8.14B in 2022 to $7.16B in 2017.

Exports from Germany (Flag) to Mexico (Flag) (2022)

Exports from Mexico (Flag) to Germany (Flag) (2022)

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Mexico
Top DestinationUnited States$421B

This map shows whether countries import more from Germany or Mexico. Each country is colored based on the difference in imports they receive from Germany and Mexico or the difference in the growth in imports.

In 2022, countries that imported more from Germany than Mexico included France ($120B), Netherlands ($109B), and China ($109B).

In 2022, countries that imported more from Mexico than Germany included United States ($421B), Canada ($22.2B), and Guatemala ($2.86B).

Difference in imports from Mexico (Flag) and Germany (Flag) (2022)

Comparative Advantage Germany - Mexico

Flow
Scale

This chart compares trade between Germany and Mexico by product, considering products traded by both, Germany and Mexico.

During 2022, Germany had a large net trade with Mexico in the exports of Machines ($5.85B), Transportation ($4.81B), and Chemical Products ($1.72B).

During 2017, Mexico had a large net trade with Germany in the exports of Transportation ($3.92B), Machines ($1.42B), and Instruments ($736M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Mexico+$492MCars
Top Product Potential Mexico Germany+$812MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Germany and Mexico. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Germany.

Product Space of Germany (Flag) and Mexico (Flag) (2022)

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