Best answer: Does Germany import from China?

Germany Imports from China was US$134.92 Billion during 2020, according to the United Nations COMTRADE database on international trade.

Why does Germany import from China?

In terms of investment volume, Germany is the leading destination for Chinese industrial investment in Europe. Thanks to the skilled labour force and the good infrastructure, Germany is a preferred choice for outbound investment in the context of China’s “Going Out” policy.

Where does Germany get their imports from?

Germany trade balance, exports and imports by country

In 2017, Germany major trading partner countries for exports were United States, France, China, United Kingdom and Netherlands and for imports they were China, Netherlands, France, United States and Italy.

What does Germany mainly import?

Germany’s imports are mainly based on petroleum, cars and vehicle parts. Germany’s most imported product is petroleum under different forms: crude, refined or gas and it constitutes almost 14% of the country’s total imports. Then Germany’s imports focus on vehicles and vehicle parts that together occupy almost 7%.

Are China and Germany allies?

Germany is China’s biggest trading partner and technology exporter in Europe. China is Germany’s largest trading partner, superseding the United States since 2017.

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Who is Germany’s biggest export market?

List of the largest trading partners of Germany

Rank Country Export (2019)
1. United States 118.68
2. France 106.56
3. China 95.98
4. Netherlands 91.53

Who is Germany largest trading partner?

The People’s Republic of China is again Germany’s main trading partner. According to final results, goods worth 213.2 billion euros were traded between Germany and the People’s Republic of China in 2020 (exports and imports).

Is Europe dependent on China?

China is a key market for the EU but economic dependence remains limited. For many European companies, the Chinese market has been the major growth driver over the past decades.

What is Germany’s largest import?

Imports The top imports of Germany are Cars ($75B), Vehicle Parts ($41.1B), Packaged Medicaments ($30.5B), Crude Petroleum ($29.4B), and Refined Petroleum ($23.5B), importing mostly from Netherlands ($106B), China ($96.9B), France ($76.2B), Belgium ($68.9B), and Poland ($68.4B).

Does Germany import or export more?

world’s third largest exporter (behind China, USA), and third largest importer (behind USA, China). Germany’s share of world trade (exports and imports of goods in USD) decreased slightly compared to the previous year, falling to 7.2% (2017: 7.3%).

What does Germany export to USA?

Major categories of German exports to the United States in 2019 were vehicles ($17.9 billion), pharmaceuticals ($17.6 billion), industrial machinery ($6.8 billion), medical equipment ($5.8 billion), and returned goods and reimports ($5.6 billion).

Why is Germany so rich?

Germany is a founding member of the European Union and the Eurozone. In 2016, Germany recorded the highest trade surplus in the world worth $310 billion, making it the biggest capital exporter globally. … Germany is rich in timber, lignite, potash, and salt. very good.

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Why is Germany so powerful?

German power rests primarily on the country’s economic strength. In terms of gross domestic product (GDP), Germany ranks fourth in the world, behind the United States, China, and Japan, and ahead of France and the United Kingdom. … Germany has strong economic, social, and political ties with all its neighbors.

Is Germany the richest country in Europe?

Here are the 10 richest countries in Europe: Germany ($3.48 Tn) United Kingdom ($2.65 Tn) France ($2.47 Tn)