How much does Germany export to the EU?

exchange of goods continued to be Europe, which accounted for 68.5\% of German exports and also for 68.5\% of German imports. Germany’s share of trade with the EU-28 increased slightly compared to 2017: German exports to the EU-28 amounted to 59.1\% (2017: 58.6\%) and imports from the EU-28 stood at 57.2\% (2017: 57.1\%).

Why is Germany good at exporting?

Germany’s reputation for quality precision engineering gives them a competitive advantage in selling high dollar vehicles in foreign countries. Thus, German automotive products spearhead the high value and growth of Germany’s exports.

Why does Germany have so many exports?

In addition, two factors have exerted a strong influence on Germany’s export surplus: first, the relatively weak euro, which favours exports; second, the decline in commodity prices, which makes imports cheaper for Germany.

What is Germany’s main exports?

The top 10 exports of Germany are vehicles, machinery, chemical goods, electronic products, electrical equipment, pharmaceuticals, transport equipment, basic metals, food products, and rubber and plastics.

What are Europe’s main exports?

In 2020, the top 5 EU export products were machinery and equipment (13.0 \% of total exports), pharmaceutical products (11.1 \%), motor vehicles (10.7 \%), chemical products (8.8 \%) and computer, electronic and optical products (8.4 \%).

How does Germany export?

Exports accounted for 41\% of national output. The top 10 exports of Germany are vehicles, machinery, chemical goods, electronic products, electrical equipment, pharmaceuticals, transport equipment, basic metals, food products, and rubber and plastics.

What are Germany’s main exports?

When international trade takes place between more than two countries it is called?

Globalisation and the Indian Economy.

Who is Germany’s biggest export market?

United States
List of the largest trading partners of Germany