Exporting to Germany
Germany Export Guide | Trade Finance Global
Exporting to Germany
Germany imports more than $1.2 trillion worth of goods every year with the main products being machinery, commodities, chemicals, vehicles and agricultural products. Domestic demand is very strong and remains robust despite the ongoing slowdown in China, to which it is heavily exposed.
As the largest economy in Europe and the fifth largest by GDP in the world Germany is a central pillar of the European Union. This is reflected in their trade practices with more than 50% of imports coming from the EU, while other main trading partners include China, the United States, Switzerland and Russia.
Exporting to Germany? Contact our local experts |
|---|
British Pound
1.00 GBP = EUR
↔
Euro
1.00 EUR = INF GBP
Country Profile | |
|---|---|
| Capital | Federal Republic of GermanyBundesrepublik Deutschland (German) Flag Coat of arms Motto: "Einigkeit und Recht und Freiheit" (de facto)"Unity and Justice and Freedom" Anthem: "Deutschlandlied" (third verse only)"Song of Germany" Show globeShow map of EuropeLocation of Germany (dark green)? in Europe (green & dark grey)? in the European Union (green) Berlin |
| Population | |
| Area | 357,386 km2 (137,988 sq mi) km2 (62nd) |
| Currency | Euro (EUR) |
| GDP | |
| Languages | German |
Germany: Imports Profile | |
|---|---|
Imports from Germany | |
| Imports from Germany: | GDP by component Household consumption: 53.7%Government consumption: 19.9%Investment in fixed capital: 20.1%Investment in inventories: -1%Exports of goods and services: 47.3% of goods and services: -40% (2017 est.) |
| Import commodities: | Frankfurt, the financial capital of GermanyCurrency Euro (EUR) = 1.17 USDFiscal year 1 January – 31 DecemberTrade organisations EU, WTO and OECDStatisticsGDP $4.211 trillion (nominal, 2018)$4.373 trillion (PPP, 2018)GDP rank 4th (nominal)5th (PPP)GDP growth 2% (2018)GDP per capita $50, 842 (nominal, 2018)$52, 801 (PPP, 2018)GDP per capita rank 17th (nominal)18th (PPP)GDP by sector agriculture: 0.6%, industry: 30.1%, services: 69.3% (2017 est.)GDP by component Household consumption: 53.7%Government consumption: 19.9%Investment in fixed capital: 20.1%Investment in inventories: -1%Exports of goods and services: 47.3%Imports of goods and services: -40% (2017 est.)Inflation (CPI) 2% (2018)Population below poverty line 19.7 (2016)Gini coefficient 29.5 (2016)Labour force 45.9 million (2017 est.)Labour force by occupation agriculture (1.4%), industry (24.2%), services (74.3%) (2016)Unemployment 3.4% (July 2018)Average gross salary €3, 771 / $4, 638 monthly (2017)Average net salary €2, 269 / $2, 791 monthly (2016)Main industries Ironsteelcoalcementchemicalsmachineryvehiclesmachine toolselectronicsautomobilesfood and beveragesshipbuildingtextilesEase-of-doing-business rank 20th (2018)ExternalExports $1.401 trillion (2017 est.)Export goods motor vehicles, machinery, chemicals, computer and electronic products, electrical equipment, pharmaceuticals, metals, transport equipment, foodstuffs, textiles, rubber and plastic productsMain export partners  European Union 58% United States 8.8% China 6.4%  Switzerland 4.1% Turkey 1.9%Other 20.8%Imports $1.104 trillion (2017 est.) machinery, data processing equipment, vehicles, chemicals, oil and gas, metals, electric equipment, pharmaceuticals, foodstuffs, agricultural productsMain import partners  European Union 57.6% China 9.9% United States 6.2%  Switzerland 4.7% Russia 2.8%Other 18.8%FDI stock $1.455 trillion (31 December 2017 est.)Gross external debt $5.084 trillion (31 March 2017)Public financesPublic debt 64.13% of GDP (2017) 68.4% of GDP (2016 est.)Revenues $1.598 trillion (2017 est.)Expenses $1.573 trillion (2017 est.)Economic aid donor: ODA, $24.67 billion (2016)Credit rating Standard & Poor's: AAAOutlook: StableMoody's: AaaOutlook: StableFitch: AAAOutlook: StableForeign reserves $0.36 trillion (June 2018) Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars. |
| Top import destinations: | European Union 57.6%Â China 9.9%Â United States 6.2%Â Â Switzerland 4.7%Â Russia 2.8% Other 18.8% |
Exporting to Germany: What is trade finance?
Stock finance is a revolving facility which alternative lenders offer - it enables SMEs to buy stock supplies and can help ease working capital problems.
Generally, a trade financier will fund most of the cost of the product, including charges (e.g. shipping costs).
Trade finance offers added advantages over more traditional bank finance such as bridging mortgages or loans. Trade finance provides up front funding without affecting existing bank relationships.
How does it work?
If you're an organisation importing or exporting goods from or to other countries, then a trade finance facility would help you to fund this through offering a letter of credit (LC) or some form of cash advance.
I’m looking to export to Germany, how can Trade Finance Global help, and how does it work?
If you’re looking to export goods to other markets, you may need export finance, which is a commercial agreement between you (the exporter), and the foreign importer. A non-bank lender will advance you the cost of producing the stock that you’re exporting (as a debt product), either once you have shipped the goods, or before you have manufactured them. Once your foreign importer has received the stock supplies and pays you for the import, you will repay the advance loan from the lender over an agreed period of time.
Read the TFG Exporters Guide here.
Importing from Germany? Contact our local experts |
|---|
Country Profile | |
|---|---|
| Capital | Federal Republic of GermanyBundesrepublik Deutschland (German) Flag Coat of arms Motto: "Einigkeit und Recht und Freiheit" (de facto)"Unity and Justice and Freedom" Anthem: "Deutschlandlied" (third verse only)"Song of Germany" Show globeShow map of EuropeLocation of Germany (dark green)? in Europe (green & dark grey)? in the European Union (green) Berlin |
| Population | |
| Area | 357,386 km2 (137,988 sq mi) km2 (62nd) |
| Currency | Euro (EUR) |
| GDP | |
| Languages | German |
1.96
Econ Complexity 3rd of 214$1.25T
Exports 3rd of 221$973B
Imports 3rd of 221$48.9k
GDP Per Capita 20th of 214Work with Us | Terms of Business | Get in Touch | Partners
Trade Finance Global is incorporated in England and Wales, registered as TFG Finance Limited. We are an introducer not a lender, working with Limited Companies and Incorporated Bodies.
Trade Finance Global is registered as a Data Controller under the ICO: ZA184050.
© 2018 Trade Finance Global.