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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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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"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 | .mw-parser-output .nobold{font-weight:normal}German |
2.08
Econ Complexity 3rd of 126$1.33T
Exports 2nd of 221$1.08T
Imports 3rd of 221$50.6k
GDP Per Capita 20th of 214Germany: Exports Profile | |
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Exports from Germany | |
| Exports from Germany: | GDP by componentHousehold consumption: 53.7%Government consumption: 19.9%Investment in fixed capital: 20.1%Investment in inventories: -1% of goods and services: 47.3%Imports of goods and services: -40% (2017 est.) |
| Export commodities: | Frankfurt, the financial capital of GermanyCurrencyEuro (EUR) = 1.17 USDFiscal year1 January – 31 DecemberTrade organisationsEU, WTO and OECDStatisticsGDP$4.029 trillion (nominal, 2018)$4.379 trillion (PPP, 2018)GDP rank4th (nominal)5th (PPP)GDP growth -0.2% (Q3 2018) 1.5% (2018 tyd.)GDP per capita$48, 669 (nominal, 2018)$52, 896 (PPP, 2018)GDP per capita rank17th (nominal)18th (PPP)GDP by sectoragriculture: 0.6%, industry: 30.1%, services: 69.3% (2017 est.)GDP by componentHousehold 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)Gini coefficient29.5 (2016)Labour force45.9 million (2017 est.)Labour force by occupationagriculture (1.4%), industry (24.2%), services (74.3%) (2016)Unemployment3.4% (July 2018)Average gross salary€3, 771 / $4, 638 monthly (2017)Average net salary€2, 269 / $2, 791 monthly (2016)Main industriesIronsteelcoalcementchemicalsmachineryvehiclesmachine toolselectronicsautomobilesfood and beveragesshipbuildingtextilesEase-of-doing-business rank24th (2019)ExternalExports $1.401 trillion (2017 est.)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.)Import goodsmachinery, 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 aiddonor: ODA, $24.67 billion (2016)Credit ratingStandard & Poor's: AAAOutlook: StableMoody's: AaaOutlook: StableFitch: AAAOutlook: StableScope: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 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 | |
|---|---|
| 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 | .mw-parser-output .nobold{font-weight:normal}German |
2.08
Econ Complexity 3rd of 126$1.33T
Exports 2nd of 221$1.08T
Imports 3rd of 221$50.6k
GDP Per Capita 20th of 214Work with Us | Terms of Business | Get in Touch | Partners
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