Germany

In 2013, the value of merchandise exports of Germany increased slightly by 3.0 percent to reach 1458.6 bln US$, while its merchandise imports increased slightly by 1.8 percent to reach 1194.5 bln US$ (see graph 1, table 2 and table 3). However, the value of exports was still short of its peak in 2011 at 1482.2 bln US$. The merchandise trade balance recorded a surplus of 264.2 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at 159.3 bln US$ (see graph 4). Merchandise exports in Germany were diversified amongst partners; imports were also diversified. The top 23 partners accounted for 80 percent or more of exports and 21 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Germany decreased slightly by 1.2 percent, reaching 270.6 bln US$, while its imports of services decreased slightly by 0.7 percent and reached 295.9 bln US$ (see graph 2). There was a trade in services deficit of 25.3 bln US$.

Related Subject(s): International Trade and Finance