Overview In July 2022 Germany exported €127B and imported €123B, resulting in a positive trade balance of €3.71B. Between July 2021 and July 2022 the exports of Germany have increased by €12.7B (11.1%) from €114B to €127B, while imports increased by €25.4B (26%) from €97.8B to €123B.
Trade In July 2022, the top exports of Germany were Motor cars and motor caravans (€11.2B), Pharmaceutical products (€9.06B), Chassis, bodies, engines etc. for motor... (€6.74B), Machinery for electricity production, distribution (€6.13B), and Other machinery (€4.59B). In July 2022 the top imports of Germany were Petroleum oil and petroleum gases (€12.7B), Pharmaceutical products (€6.9B), Machinery for electricity production, distribution (€5.8B), Estimations for non-response (€5.63B), and Motor cars and motor caravans (€4.42B).
Origins In July 2022 the exports of Germany were mainly from Baden-Württemberg (€20.9B), North Rhine-Westphalia (€19.2B), Bavaria (€18B), Lower Saxony (€7.88B), and Hesse (€6.55B), while imports destinations were mainly North Rhine-Westphalia (€26.6B), Baden-Württemberg (€20.7B), Bavaria (€20.4B), Lower Saxony (€14.8B), and Hesse (€10.1B).
Destinations In July 2022, Germany exported mostly to United States (€12.4B), France (€9.5B), Netherlands (€9.18B), Austria (€7.61B), and Poland (€7.44B), and imported mostly from Netherlands (€10.3B), United States (€7.73B), Norway (€6.69B), Italy (€6.16B), and Poland (€6.16B).
Growth In July 2022, the increase in Germany's year-by-year exports was explained primarily by an increase in exports to China (€223M or 3.06%), Spain (€81.6M or 3.04%), and Algeria (€39.9M or 43.5%), and product exports increase in Pharmaceutical products (€483M or 7.37%), Office and automatic data processing machines (€224M or 12.2%), and Other semi-finished products (€173M or 15.7%). In July 2022, the increase in Germany's year-by-year imports was explained primarily by an increase in imports from Poland (€191M or 3.93%), South Africa (€164M or 20.8%), and Italy (€95.6M or 2.21%), and product imports increase in Other semi-finished products (€500M or 45.1%), Office and automatic data processing machines (€288M or 8.89%), and Machinery for electricity production, distribution (€278M or 7.19%).