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United States in 2024 once again Germany's most important trading partner after nine years
In second place among the most important foreign trade partners was China with a foreign trade volume of 246.3 billion euros. While trade with the United States increased by 0.1% compared to the previous year, trade with China decreased by 3.1% compared to the year 2023. This was mainly due to declining exports to China.
From 2016 to 2023, China was still in first place among Germany's most important trade partners each year. As the Federal Statistical Office (Destatis) further reports, the Netherlands followed in third place among the most important trade partners after the USA and China, with exports and imports worth a total of 205.7 billion euros (-4.2%).
United States Most Important Buyer of German Exports
As since 2015, the majority of German exports also went to the United States in 2024. Goods worth 161.4 billion euros were exported there. This was 2.2% more than the previous year. In contrast, imports from the USA amounted to 91.4 billion euros, which was 3.4% less than the year before.
Thus, German foreign trade with the USA achieved an export surplus of 70.0 billion euros (2023: 63.3 billion euros). In second place among the most important buyer countries of German exports was France (116.2 billion euros; -3.0%), followed by the Netherlands in third place (110.5 billion euros; -1.2%).
Goods Imported from China Valued at 156.3 Billion Euros in 2024
The value of goods imported from China decreased by 0.3% in 2024 compared to the previous year, amounting to 156.3 billion euros. Simultaneously, the value of goods exported there fell by 7.6% to 90.0 billion euros. This results in a trade deficit of 66.3 billion euros.
Despite the decrease in imports, China remained by far the most important supplier country to Germany in 2024, as it has been since 2015. The Netherlands ranked second with imports valued at 95.2 billion euros, followed by the United States at 91.4 billion euros.
Motor Vehicles and Motor Vehicle Parts Remain Most Important Goods in Exports and Imports
In 2024, the German automotive industry exported fewer motor vehicles and motor vehicle parts than in the previous year. In 2024, motor vehicles and parts worth 262.0 billion euros were exported from Germany. This was 4.0% less than in 2023. Nevertheless, motor vehicles and parts remained Germany's most important export goods. As in previous years, machinery followed in second and third place with a value of 216.5 billion euros (-4.8%) and chemical products with a value of 138.6 billion euros (-2.1%).
In terms of imports, motor vehicles and parts were also Germany's most important goods in 2024, with a value of 142.1 billion euros (-5.8%). In second place were data processing devices, electrical and optical products worth 134.3 billion euros (-6.7%), followed by electrical equipment worth 104.0 billion euros (-7.2%) in third place.
Foreign Trade Balance in 2024 with a Surplus of 239.1 Billion Euros
Overall, in 2024, Germany exported goods worth 1,556.0 billion euros and imported goods worth 1,316.9 billion euros. Thus, exports decreased by 1.2% and imports by 3.0% compared to 2023. The foreign trade balance in 2024 closed with a surplus of 239.1 billion euros. In 2023, the balance was 217.7 billion euros.
Further Information
Selected tables are also available on the "Foreign Trade" topic page on the website of the Federal Statistical Office.
The results on foreign trade are also available in the "Economic Dashboard," which is part of the "Dashboard Germany" (www.dashboard-deutschland.de). In this data portal, the Federal Statistical Office bundles highly up-to-date indicators from official statistics and other data providers on the topics of labor market, construction and housing, energy, and Ukraine. The "Economic Pulse Meter" tool is also available there for real-time economic monitoring.
Important Note on the GENESIS-Online Database
All detailed results on German foreign trade for the reporting month of December as well as the entire year 2024 are available in the GENESIS-Online database (Tables 51000).
Content automatically translated.
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