Overview In January 2024 Germany exported €130B and imported €109B, resulting in a positive trade balance of €21B. Between January 2023 and January 2024 the exports of Germany have increased by €5.11B (4.08%) from €125B to €130B, while imports decreased by €-7.51B (-6.44%) from €117B to €109B.
Trade In January 2024, the top exports of Germany were Motor cars and motor caravans (€11.1B), Pharmaceutical products (€9.94B), Chassis, bodies, engines etc. for motor... (€7.5B), Machinery for electricity production, distribution (€6.64B), and Estimations for non-response (€6.02B). In January 2024 the top imports of Germany were Estimations for non-response (€6.62B), Machinery for electricity production, distribution (€6.32B), Pharmaceutical products (€6.1B), Motor cars and motor caravans (€5.33B), and Petroleum oil and petroleum gases (€5.28B).
Origins In January 2024 the exports of Germany were mainly from Foreign Countries (€29.9B), Baden-Württemberg (€19.5B), North Rhine-Westphalia (€19.4B), Bavaria (€18.8B), and Lower Saxony (€8.66B), while imports destinations were mainly North Rhine-Westphalia (€23.9B), Bavaria (€19B), Baden-Württemberg (€18B), Lower Saxony (€10B), and Hesse (€9.45B).
Destinations In January 2024, Germany exported mostly to United States (€11.9B), France (€10.7B), Netherlands (€9.71B), Poland (€8.14B), and China (€7.63B), and imported mostly from China (€11.8B), United States (€8.05B), Netherlands (€7.81B), Poland (€6.73B), and Italy (€5.86B).
Growth In January 2024, the increase in Germany's year-by-year exports was explained primarily by an increase in exports to Poland (€1.09B or 15.5%), France (€860M or 8.74%), and United Kingdom (€724M or 12%), and product exports increase in Estimations for non-response (€2.67B or 79.9%), Gold for industrial purposes (€852M or 229%), and Ships and boats (€627M or 577%). In January 2024, the decrease in Germany's year-by-year imports was explained primarily by an decrease in imports from China (€-2.89B or -19.7%), Norway (€-1.61B or -42%), and Ireland (€-847M or -27.7%), and product imports decrease in Petroleum oil and petroleum gases (€-2.01B or -27.6%), Other prefabricated chemicals (€-1.65B or -51.2%), and Mineral oil products (€-1.06B or -37.2%).
