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.

Germany Country Profile

Official Name (Local Language)Federal Republic of Germany, Bundesrepublik Deutschland (German)
CapitalBerlin
Population70,000,000
CurrencyEuro
GDP70,000,000,000 USD
LanguagesGerman
Telephone Dial In+44

Germany Exports Profile

Exports ($m USD)

1000

Number of Export Products

1,000,000

Number of Export Partners

10

Top 5 export partners

Country

Trade

% Partner Share

France

10,000,000 USD

30%

Britain

10,000,000 USD

20%

Russia

66,000,000

50%

Spain

30,000,000

10%

China

43,000,000

41%

Top 5 Export Products at HS 6 digit level

Export Product

Number

Motor Vehicles

12

Technological Goods

2121

Agricultural Goods

212112

Clothing

23232

Services

22112121212

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Germany

Agriculture

%

Product List

20%

Grain

30%

Wheat

10%

Milk

Industry

%

Product List

10%

Motorvehicles

40%

Tech Goods

11%

Weapons

Services

%

Service List

10%

Customer Service

11%

Banking

15%

Sales

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 financeor 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.

Information

Importing from Germany? Contact our local experts

First Name*

Last Name*

Your Organisation*

How much trade finance are you seeking?*

Your Email*

Telephone Number*

Briefly, what type of stock or trade are you looking to finance?

(Marketing Terms can be found here)

Germany Economic Statistics

Government Website

http://germany.com

Sovereign Ratings

a+

Central Bank

Bundesbank

Currency USD Exchange Rate

Euro = 2 USD

Unemployment Rate

6,000,000,000,000

Population below poverty line

60,000,000

Inflation Rate

4%

Prime Lending Rate

7%

GDP

3,000,000,000,000 USD

GDP Pro Capita (PPP)

47,000,000 USD

Currency Name

EURO

Currency Code

2112

World Bank Classification

Good

Competitive Industrial Performance

Excellent

Corruption Perceptions Index

91

Ease of Doing Business

Easy

Enabling Trade Index

3232

Currency in Germany

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