United Kingdom (GBR) and Germany (DEU) Trade

2022

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Exports $40.6BRnk 3 / 224

2022

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About

United Kingdom-Germany Trade: In 2022, United Kingdom exported $40.6B to Germany. The main products that United Kingdom exported to Germany were Crude Petroleum ($3.54B), Packaged Medicaments ($3.2B), and Aircraft Parts ($2.64B). Over the past 5 years the exports of United Kingdom to Germany have decreased at an annualized rate of 1.63%, from $44.1B in 2017 to $40.6B in 2022.

In 2019, United Kingdom exported services to Germany worth $19.3B, with Other business services ($7.85B), Financial services ($3.62B), and Travel ($2.9B) being the largest in terms of value.

Germany-United Kingdom Trade: In 2022, Germany exported $76.2B to United Kingdom. The main products that Germany exported to United Kingdom were Cars ($12.3B), Motor vehicles; parts and accessories (8701 to 8705) ($3.14B), and Packaged Medicaments ($3.01B). Over the past 5 years the exports of Germany to United Kingdom have decreased at an annualized rate of 3.74%, from $92.2B in 2017 to $76.2B in 2022.

In 2020, Germany exported services to United Kingdom worth $25.1B, with Other business services ($7.51B), Financial services ($6.04B), and Computer and information services ($3.74B) being the largest in terms of value.

Comparison: In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £2.57B and imported £5.65B from Germany, resulting in a negative trade balance of £3.08B. Between August 2023 and August 2024 the exports of United Kingdom have increased by £286M (12.5%) from £2.29B to £2.57B, while imports increased by £193M (3.53%) from £5.46B to £5.65B.

Trade In August 2024, the top exports of United Kingdom to Germany were Cars (£212M), Aircraft parts including unmanned craft (£202M), Gas Turbines (£166M), Crude Petroleum (£148M), and Packaged Medicaments (£88.8M). In August 2024 the top imports of United Kingdom from Germany were Cars (£1.24B), Motor vehicles; parts and accessories (8701... (£184M), Packaged Medicaments (£144M), Delivery Trucks (£140M), and Vaccines, blood, antisera, toxins and cultures (£128M).

Origins In August 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£963M), Immingham (£211M), London Heathrow Airport (£173M), East Midlands Airport (£124M), and Dover (£79.4M), while imports destinations were mainly Dover (£953M), Immingham (£777M), London Heathrow Airport (£550M), Grimsby (£389M), and Eurotunnel (£378M).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Germany was explained primarily by an increase in product exports in Gas Turbines (£75.6M or 83.3%), Crude Petroleum (£75.1M or 103%), and Cars (£73.4M or 53%). In August 2024, the increase in United Kingdom's year-by-year imports from Germany was explained primarily by an increase in product imports in Cars (£87.5M or 7.57%), Vaccines, blood, antisera, toxins and cultures (£60.5M or 89.5%), and Delivery Trucks (£40.6M or 40.8%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)£286M(12.5%)

IMPORT GROWTH (August 2023 - August 2024)£193M(3.53%)

MAIN EXPORTER (August 2024)Dover Eurotunnel£963M

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

To check Germany and United Kingdom trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $40.6B to Germany. The main products exported from United Kingdom to Germany were Crude Petroleum ($3.54B), Packaged Medicaments ($3.2B), and Aircraft Parts ($2.64B). During the last 5 years the exports of United Kingdom to Germany have decreased at an annualized rate of 1.63%, from $44.1B in 2017 to $40.6B in 2022.

In 2017, Germany exported $76.2B to United Kingdom. The main products exported from Germany to United Kingdom were Cars ($12.3B), Motor vehicles; parts and accessories (8701 to 8705) ($3.14B), and Packaged Medicaments ($3.01B). During the last 5 years the exports of Germany to United Kingdom have decreased at an annualized rate of 3.74%, from $92.2B in 2022 to $76.2B in 2017.

Exports from United Kingdom () to Germany () (2022)

Exports from Germany () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Germany
Top DestinationUnited States$153B

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

In 2022, countries that imported more from United Kingdom than Germany included Ireland ($32.6B), United Arab Emirates ($11.5B), and Hong Kong ($9.19B).

In 2022, countries that imported more from Germany than United Kingdom included United States ($153B), France ($120B), and Austria ($86.5B).

Difference in imports from Germany () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Germany

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Germany in the exports of Machines ($9.7B), Transportation ($6.41B), and Chemical Products ($6.02B).

During 2017, Germany had a large net trade with United Kingdom in the exports of Transportation ($21B), Machines ($17.2B), and Chemical Products ($9.67B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United Kingdom Germany+$1.23BCars

Top Product Potential Germany United Kingdom+$1.33BCars

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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Bilateral Service Trade

Deu Year

Gbr Year

In 2019, United Kingdom exported services to Germany worth $19.3B, with Other business services ($7.85B), Financial services ($3.62B), and Travel ($2.9B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to Germany () (2019)

Services Exports from Germany () to United Kingdom () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United Kingdom () and Germany () (2022)

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