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

1.00 GBP
British Pound
1.00 GBP = 1.1545 EUR
=
1.1545 EUR
Euro
1.00 EUR = 0.86617 GBP

Country Profile

CapitalFederal Republic of GermanyBundesrepublik Deutschland Flag Coat of arms Motto:"Einigkeit und Recht und Freiheit""Unity and Justice and Freedom" (de facto) Anthem:Deutschlandlied (English: "Song of Germany")(third verse only) Location of Germany(dark green) ?in Europe(green &dark grey) ?in the European Union(green) ? Berlin
Population 82,175,700
Area 357,168  km2 (137,903 sq mi)
km2 (63rd)
Currency Euro (EUR)
GDP
Languages German

Germany: Imports Profile

Imports from Germany

Imports from Germany: $1.3 trillion
Import commodities:Machinery, data processing equipment, vehicles, chemicals, oil and gas, metals, electric equipment, pharmaceuticals, foodstuffs, agricultural products
Top import destinations:The Netherlands 13.7%, France 7.6%, China 7.3%, Belgium 6%, Italy 5.2%, Poland 5%, United States 4.7%, Czech Republic 4.5%, United Kingdom 4.2%, Austria 4.3%,  Switzerland 4.2% (2015)
GDP growth (annual %)

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

CapitalFederal Republic of GermanyBundesrepublik Deutschland Flag Coat of arms Motto:"Einigkeit und Recht und Freiheit""Unity and Justice and Freedom" (de facto) Anthem:Deutschlandlied (English: "Song of Germany")(third verse only) Location of Germany(dark green) ?in Europe(green &dark grey) ?in the European Union(green) ? Berlin
Population 82,175,700
Area 357,168  km2 (137,903 sq mi)
km2 (63rd)
Currency Euro (EUR)
GDP
Languages German

2.09

Econ Complexity 3rd of 184
1991
2014

$1.24T

Exports 3rd of 221
1991
2014

$989B

Imports 3rd of 221
1991
2014

$48k

GDP Per Capita 16th of 184
1991
2014
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