Importing from Germany
Germany Import Guide | Trade Finance Global
Importing from Germany
Having recently recorded a trade surplus of more than $280 billion and with exports accounting for more than 40% of national output it is seen as the world’s biggest capital exporter and the third largest exporter overall. Industrial produced goods including vehicles, electronics and electronics dominate the export markets and it is estimated that one in every five jobs depends on foreign trade.
As with imports more than 50% of export trade is conducted within the European Union, while many world-leading German brands are in demand worldwide, a recent 50% climb is sales or Mercedes-Benz automobiles in China being a case in point. Government policy promoting renewable energy has increased domestic use to 25% and has led to the country being the leading producer of wind turbines worldwide.
Importing from Germany? Contact our local experts |
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British Pound
1.00 GBP = 1.1370 EUR
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Euro
1.00 EUR = 0.87950 GBP
Country Profile | |
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| 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" Location of Germany (dark green) ? in Europe (green & dark grey) ? in the European Union (green) Berlin |
| Population | |
| Area |
357,168 km2 (137,903 sq mi) km2 (62nd) |
| Currency | Euro (EUR) |
| GDP | |
| Languages | German |
1.92
Econ Complexity 4th of 184$1.24T
Exports 3rd of 221$989B
Imports 3rd of 221$48k
GDP Per Capita 16th of 184Germany: Exports Profile | |
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Exports from Germany | |
| Exports from Germany: | $1.33 trillion |
| Export commodities: | Motor vehicles, machinery, chemicals, computer and electronic products, electrical equipment, pharmaceuticals, metals, transport equipment, foodstuffs, textiles, rubber and plastic products |
| Top export destinations: | European Union 58% Â United States 8.8% Â China 6.4% Â Â Switzerland 4.1% Â Turkey 1.9% Other 20.8% |
Importing from Germany: What is trade finance?
Export finance is a revolving facility which lenders offer - it enables companies to purchase inventory and can help reduce the pressure from cash flow issues.
Typically, a trade finance bank will fund all of the cost of the goods, including charges (e.g. shipping costs).
Trade finance offers advantages over more traditional bank finance like invoice finance or business loans. Trade finance provides up front funding without affecting existing relationships with banks.
How does it work?
If you're an SME importing or exporting inventory internationally, 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 import from Germany, how can Trade Finance Global help, and how does it work?
If you’re looking to import stock supplies from other markets, you may need import finance, which is an agreement between yourself (the importer) and the foreign exporter. A non-bank lender would act as the intermediary, paying the exporter on your behalf until you receive the stock supplies and have then sold them to your end debtor. Repaying the lender then happens over an agreed period.
Read the TFG Importers Guide here.
Importing from Germany? Contact our local experts |
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Country Profile | |
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| 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" Location of Germany (dark green) ? in Europe (green & dark grey) ? in the European Union (green) Berlin |
| Population | |
| Area |
357,168 km2 (137,903 sq mi) km2 (62nd) |
| Currency | Euro (EUR) |
| GDP | |
| Languages | German |
1.92
Econ Complexity 4th of 184$1.24T
Exports 3rd of 221$989B
Imports 3rd of 221$48k
GDP Per Capita 16th of 184Work with Us | Responsible Finance | Get in Touch
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