Top German Trade Balances

Neuschwanstein Castle Germany

Neuschwanstein Castle

Exported cars and medication mixes in dosage were major factors behind Germany’s highest trade surpluses by product. United States and United Kingdom placed first and second respectively among trade partners with which Germany gleaned the highest positive trade balances.

Germany’s overall trade surplus for all products equaled US$284.4 billion in 2016, up by 50.1% from $189.5 billion for 2009. Year over year, the $284.4 billion in black ink represents a 5% improvement from the $270.9 billion surplus that Germany earned during 2015.

Top German Trade Balances by Product and Country

Product+

The following 10 leading products generated a surplus subtotal of $207.1 billion for Germany in its global trade during 2016. Metrics listed below highlight Germany’s strongest competitive advantages over worldwide trading partners.

  1. Cars: US$104.2 billion (Up 64.2% since 2009)
  2. Medication mixes in dosage: $22.7 billion (Down -4.8%)
  3. Miscellaneous aircraft, spacecraft (e.g. helicopters, launchers): $21.2 billion (Up 144.4%)
  4. Automobile parts/accessories: $19.2 billion (Up 78.7%)
  5. Miscellaneous machinery: $9.2 billion (Up 28.6%)
  6. Piston engine parts: $6.8 billion (Up 15.5%)
  7. Centrifuges, filters and purifiers: $6.3 billion (Up 32.9%)
  8. Tractors: $6 billion (Up 54.1%)
  9. Dishwashing, clean/dry/fill machines: $5.7 billion (Up 4.1%)
  10. Transmission shafts, gears, clutches: $5.7 billion (Down -8.8%)

Among the top product-specific trade balances, the fastest growers from 2009 to 2016 were: cars (up 64.2%), tractors (up 54.1%) and centrifuges, filters or purifiers (up 32.9%).

Positive trade balances for two products fell in value, namely transmission shafts, gears and clutches (down -8.8%) and medication mixes in dosage (down -4.8%).

Product-

The 10 major products below accumulated a deficit subtotal of -$74.8 billion for Germany in international trade during 2016. Germany has demonstrated the severest competitive disadvantages in the exports and imports of the following commodities.

  1. Crude oil: -US$28.7 billion (Down -33.8% since 2009)
  2. Computers, optical readers: -$8.6 billion (Up 59%)
  3. Phone system devices including smartphones: -$8.1 billion (Up 164.4%)
  4. Processed petroleum oils: -$6.2 billion (Up 14.1%)
  5. Heterocyclics, nucleic acids: -$5.3 billion (Up 380.3%)
  6. TV receivers/monitors/projectors: -$3.9 billion (Down -25.1%)
  7. Seats (excluding barber/dentist chairs): -$3.8 billion (Up 39.1%)
  8. Aluminum (unwrought): -$3.8 billion (Up 41.2%)
  9. Coal, solid fuels made from coal: -$3.7 billion (Down -16.9%)
  10. Refined copper, unwrought alloys: -$2.8 billion (Up 14.4%)

Germany’s red ink in global trade expanded for seven of these top products, led by: heterocyclics and nucleic acids (up 380.3%), phone system devices including smartphones (up 164.4%), computers (up 59%), aluminum (up 41.2%) and seats excluding barber or dentist chairs (up 39.1%).

The other three product deficits posted declines: crude oil (down -33.8%), TV receivers, monitors and projectors (down -25.1%) and coal-related commodities (down -16.9%).

Country+

In 2016, Germany generated a robust surplus subtotal worth $251.6 billion with the following 10 trading partners.

  1. United States: US$70.8 billion (Up 260.3% since 2009)
  2. United Kingdom: $52.3 billion (Up 86.7%)
  3. France: $34.9 billion (Down -9.1%)
  4. Austria: $20.1 billion (Down -25.2%)
  5. United Arab Emirates: $15.2 billion (Up 92.5%)
  6. Spain: $14.3 billion (Down -15.6%)
  7. South Korea: $12.2 billion (Up 2,617%)
  8. Sweden: $11.6 billion (Up 51.9%)
  9. Italy: $10.3 billion (Down -35.3%)
  10. Turkey: $9.9 billion (Up 114.7%)

Growing at the fastest pace since 2009 were German trade surpluses with South Korea (up 2,617%), United States (up 260.3%), Turkey (up 114.7%) and United Arab Emirates (up 92.5%).

Over the 7-year period, Germany’s positive net exports declined with four of its top partners: Italy (down -35.3%), Austria (down -25.2%), Spain (down -15.6%) and France (down -9.1%).

Country-

Germany experienced a losing international trade relationship with 44 countries, islands or territories. The following 10 trade partners created a -$96 billion deficit subtotal in 2016 from exchanging exports and imports.

  1. Netherlands: -US$50.9 billion (Up 816.6% since 2009)
  2. Belgium: -$16.1 billion (Down -189.4%)
  3. Czech Republic: -$7.6 billion (Up 143.6%)
  4. Vietnam: -$5 billion (Up 210.7%)
  5. Ireland: -$4.7 billion (Down -66.4%)
  6. Bangladesh: -$3.2 billion (Up 38.6%)
  7. Slovakia: -$2.8 billion (Up 211.8%)
  8. Hungary: -$2.2 billion (Down -26.7%)
  9. Kazakhstan: -$1.9 billion (Up 47.5%)
  10. Azerbaijan: -$1.4 billion (Up 31.8%)

Germany’s country-specific trade deficits grew for seven of its top trade partners, led by the Netherlands (up 816.6%). Germany’s deficit with Slovakia expanded by 211.8% followed by Vietnam (up 210.7%) and Czech Republic (up 143.6%).

Germany trimmed the size of its negative trade balances with three partners: Belgium (down -189.4%), Ireland (down -66.4%) and Hungary (down -26.7%).


 

See also Germany’s Top 10 Imports, Germany’s Top 10 Major Export Companies, Germany’s Top Trading Partners, Germany’s Top 10 Exports and Highest Value German Export Products

Research Sources:
Trade Map, International Trade Centre. Accessed on March 22, 2017

Investopedia, Net Exports Definition. Accessed on March 22, 2017

The World Factbook, Field Listing: World, Central Intelligence Agency. Accessed on March 22, 2017

Wikipedia, Economy of Germany. Accessed on March 22, 2017