Facts about German foreign trade in 2014*

Facts about German foreign trade in 2014* Foreign Trade Figures in 2014 Exports Imports Net foreign demand Total Goods Services Total Goods Services Total in billion EUR 1 326.16 1 119.86 206.3 1 136.73 889.47 247.26 189.43 Year-on-year change in billion EUR 3.6 3.5 4.1 1.7 2.0 0.8 25.95 of GDP 45.7 38.6 7.1 39.1 30.6 8.5 6.5 Source: Federal Statistical Office of Germany zin 2014, Germany could keep its position as the world s third largest exporter (behind China, USA), and third largest importer (behind USA, China). zgermany s share of world trade (exports and imports in USD) increased to 7.2% in 2014. China s world trade shares were 11.3% (2013: 11.0%) and USA s settled at 10.6% (2013: 10.4%). zthe export ratio (i.e. exports percentage share of GDP) increased slightly to 45.7% in 2014 and the import ratio fell to 39.1%. The degree of openness (imports plus exports in relation to GDP) stood at 84.8%. Thus, Germany is the most open econ-omy of all G7 countries. ztrade surplus increased to 189.4 billion in 2014 i.e. 6.5% in relation to GDP (2013: 5.8%). However, the trade surplus contributed to GDP by 0.4 percentage points (GDP +1.6%). zin 2014, the current account, comprising the balances of cross-border trade in goods (trade balance), cross-border trade in services (services balance) and cross-border payments arising from employment and assets (income balance) and current transfers shared a surplus of 215.3 or 7.4% of GDP. zgermany s main trading partners were again pean countries, which received 68.0% of German exports and from which 71.0% of German imports originated. Trade with other EU countries accounted for 58.0% of exports and for 58.2% of imports. The shares of trade with the area totalled 36.6% of exports and 38.3% of imports. zthe leading sales markets for German goods outside the EU were the USA (8,5%) and China (6.6%). Likewise, the leading suppliers from outside the EU were China (8.7%) and USA (5.3%), too. zthe proportion of goods in total exports (goods and services) stood at 84.4% and at 78.2% in all imports. * Berlin, May 2015

zthe largest shares of exports represented vehicles and vehicle parts (17.9%), machinery (14.5%), chemical products (9.4%) and computer/electronic equipment (7.9%). The main imported goods were computer/electronic equipment (9.7%), cars and car parts (9.4%) and oil (9.0%). zgermany recorded a trade surplus in the trade of goods of 216.91 billion (up 22.0 billion from 2013). A total of 123.97 billion (+ 14.0 billion) was with other EU countries, of which 64.63 billion (+ 2.7 billion) was with the area countries. Exports to the EU worth 657.2 billion (of which 417.2 billion went to the area countries) were offset against imports worth 533.2 ( area: 352.6) billion. zas in previous years, the German surplus on trade in goods was opposed by a deficit on trade in services of 50.0 billion (2013: 45.6 billion). za quarter of total employment depends directly or indirectly on exports (1995: 15%). In the industrial sector, the ratio is even one in two jobs (55%), but in the services sector only one in seven (15%). 1 zone third of final domestic demand is covered by imports (import dependency ratio of 34.1%). In the case of exports, the share of imported upstream goods is significantly higher, at 43% (1995: 30%). The bulk of German imports, though, stems from pean neighbour countries. zonly a bit more than half (57.2%) of the total German trade surplus is due to the export surplus in relation to the other 28 EU countries. Nearby a third of the surplus (29.8%) was attributed to the rest of the area. zgermany recorded the largest trade surplus in relation to the USA (+ 47.5 billion or 21.9%), United Kingdom (+ 41.8 billion or 19.3%), France (+ 34.5 billion or 15.9%), Austria (+ 19.8 billion or 9.1%) and UAE (+ 10.7 billion or 4.9%). Germany s highest deficits in the trade of goods were with the Netherlands (- 15.0 billion or 6.9%), Norway (- 10.7 billion or 5.0), Russia (- 9.1 billion or 4.2%), the People s Republic of China (- 5.0 billion or 2.3%) and Vietnam (- 4.1 billion or 1.9%). 1 According to the latest available input-output-calculation from september 2009. 2

Exports and imports in current prices Year Exports Imports Net exports Total Goods Services Total Goods Services Total memorandum items vis-à-vis EU member states vis-à-vis third countries 1 2 3 4 5 6 7 8 9 Billion EUR 2000 652.501 562.201 90.300 646.806 498.139 148.667 5.695 2001 694.733 599.224 95.509 656.290 497.948 158.342 38.443 2002 719.655 611.849 107.806 622.996 469.750 153.246 96.659 2003 723.548 619.678 103.870 642.219 489.659 152.560 81.329 2004 804.864 686.081 118.783 690.445 532.916 157.529 114.419 2005 868.295 739.954 128.341 752.027 583.030 168.997 116.268 2006 985.670 841.483 144.187 859.079 680.135 178.944 126.591 2007 1 080.787 926.779 154.008 913.934 724.896 189.038 166.853 2008 1 113.188 948.735 164.453 960.377 764.319 196.058 152.811 131.880 20.931 2009 929.779 770.393 159.386 808.615 629.314 179.301 121.164 92.032 29.132 2010 1 089.649 918.340 171.309 956.098 757.314 198.784 133.551 94.703 38.848 2011 1 209.385 1 029.986 179.399 1 078.938 866.867 212.071 130.447 85.001 45.446 2012 1 262.872 1 073.947 188.925 1 101.126 876.953 224.173 161.746 78.476 83.270 2013 1 280.127 1 081.405 198.722 1 116.877 872.545 244.332 163.250 68.152 95.098 2014 1 326.162 1 119.860 206.302 1 136.728 889.472 247.256 189.434 Year-on-year change in billion EUR 2000 16.9 17.2 14.9 19.0 21.0 12.7-9.028 2001 6.5 6.6 5.8 1.5 0.0 6.5 32.748 2002 3.6 2.1 12.9-5.1-5.7-3.2 58.216 2003 0.5 1.3-3.7 3.1 4.2-0.4-15.330 2004 11.2 10.7 14.4 7.5 8.8 3.3 33.090 2005 7.9 7.9 8.0 8.9 9.4 7.3 1.849 2006 13.5 13.7 12.3 14.2 16.7 5.9 10.323 2007 9.6 10.1 6.8 6.4 6.6 5.6 40.262 2008 3.0 2.4 6.8 5.1 5.4 3.7-14.042 2009-16.5-18.8-3.1-15.8-17.7-8.5-31.647-39.848 8.201 2010 17.2 19.2 7.5 18.2 20.3 10.9 12.387 2.671 9.716 2011 11.0 12.2 4.7 12.8 14.5 6.7-3.104-9.702 6.598 2012 4.4 4.3 5.3 2.1 1.2 5.7 31.299-6.525 37.824 2013 1.4 0.7 5.2 1.4-0.5 9.0 1.504-10.324 11.828 2014 3.6 3.5 4.1 1.7 2.0 0.8 25.946 3

Year Exports Imports Net exports Total Goods Services Total Goods Services Total memorandum items vis-à-vis EU member states 1 2 3 4 5 6 7 8 9 of GDP 2000 30.9 26.6 4.3 30.6 23.6 7.0 0.3 2001 31.9 27.5 4.4 30.1 22.9 7.3 1.8 2002 32.6 27.7 4.9 28.2 21.3 6.9 4.4 2003 32.6 28.0 4.7 29.0 22.1 6.9 3.7 2004 35.5 30.3 5.2 30.4 23.5 6.9 5.0 2005 37.8 32.2 5.6 32.7 25.4 7.4 5.1 2006 41.2 35.2 6.0 35.9 28.5 7.5 5.3 2007 43.1 36.9 6.1 36.4 28.9 7.5 6.6 vis-à-vis third countries 2008 43.5 37.1 6.4 37.5 29.9 7.7 6.0 5.2 0.8 2009 37.8 31.4 6.5 32.9 25.6 7.3 4.9 3.7 1.2 2010 42.3 35.6 6.6 37.1 29.4 7.7 5.2 3.7 1.5 2011 44.8 38.2 6.6 40.0 32.1 7.9 4.8 3.1 1.7 2012 45.9 39.1 6.9 40.0 31.9 8.2 5.9 2.9 3.0 2013 45.6 38.5 7.1 39.8 31.1 8.7 5.8 2.4 3.4 2014 45.7 38.6 7.1 39.1 30.6 8.5 6.5 Source: Federal Statistical Office Ranking of the 10 largest trade nations (goods) Exports Imports Ranking Country bln. US-$ Ranking Country bln. US-$ 1 PR China 2 343 12.4 1 USA 2 409 12.7 2 USA 1 623 8.6 2 PR China 1 960 10.3 3 Germany 1 511 8.0 3 Germany 1 217 6.4 4 Japan 684 3.6 4 Japan 822 4.3 5 Netherlands 672 3.6 5 France 683 3.6 6 France 583 3.1 6 United States 679 3.6 7 South Korea 573 3.0 7 Netherlands 587 3.1 8 Italy 529 2.8 8 South Korea 526 2.8 9 United Kingdom 507 2.7 9 Italy 472 2.5 10 Russia 497 2.6 10 India 460 2.4 memorandum item memorandum item EU 28 6 161 32.5 EU 28 6 129 32.2 Thereof: EU-Extra trade 2 266 12.0 Thereof: EU-Extra trade 2 233 11.7 EU-Intra Trade 3 896 20.6 EU-Intra Trade 3 896 20.5 Source: WTO 4

Figure 1: s of world trade (goods) - Exports and Imports on a USD basis - 16 14 12 China 10 USA in percent 8 6 Germany Japan 4 2 0 France Italy United Kingdom India Argentina Brasil 1989 1994 1999 2004 2009 2014 Source: WTO; own calculations Figure 2: Gross domestic product and contributions to growth 5 3 3.0 3.7 3.3 4.1 3.6 in percent 1 0-1 1.7 0.8 1.8 2.0 2.0 1.7 0-0.7 1.2 0.7 1.1 0.4 0.1 1.6-3 -5-7 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013-5.6 Net foreign demand Domestic use Gross domestic product (year-on-year change) Source: Federal Statistical Office of Germany; own calculations 5

Figure 3: Germanys net trade by regions (goods) 250 200 150 in bln 100 50 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Net trade vis-a-vis EU 28 Net trade vis-a-vis Area Net trade ROW Net trade Source: Federal Statistical Office of Germany; own calculations Figure 4: Degree of openness Exports plus imports in relation to GDP in 2014 180 160 140 120 in percent 100 80 60 40 20 0 Belgium Netherlands Switzerland 1 without Croatia, 2 Data for 2013 Austria Denmark Germany EU-27 1 Canada United Kingdom France Italy India 2 Russia 2 China 2 Japan USA Brazil 2 Sources: DG ECFIN/AMECO, World Bank/WDI, own calculations 6

Figure 5: Service sector value added of gross exports Direct and indirect value added of gross exporte 70 60 in percent of gross exports 50 40 30 20 10 0 United Kingdom Belgium EU-27 Denmark India Austria France Switzerland USA Germany Italy Netherlands Japan Canada Brazil Russia China Domestic service industry value added content of gross exports Foreign services value added content of gross exports 1995 Source: OECD 7

Figure 6: Changes in export shares of German exporters Jan.-Dec. compared to Jan.-Dec. 2013 (in percentage points) acoording to regions Asia North America Mideast and North Africa Sub-Sahara Africa Australia and Oceania Central and South America pe -0.5-0.4-0.3-0.2-0.1 0 0.1 0.2 0.3 0.4 0.5 0.6 according to countries United Kingdom PR China Poland USA Spain Ukraine Austria Switzerland Turkey Russia -0.8-0.7-0.6-0.5-0.4-0.3-0.2-0.1 0 0.1 0.2 0.3 0.4 0.5 0.6 according to groups of countries EU-28 OECD G20 OPEC GCC G8 Area BRICS GUS -1.2-1.0-0.8-0.6-0.4-0.2 0 0.2 0.4 0.6 0.8 1.0 1.2 Source: Federal Statistical Office of Germany 8

Figure 7: Changes in import shares of German importers Jan.-Dec. compared to Jan.-Dec. 2013 (in percentage points) acoording to regions pe Asia Australia and Oceania Sub-Sahara Africa Central and South America North America Mideast and North Africa -0.5-0.4-0.3-0.2-0.1 0 0.1 0.2 0.3 0.4 0.5 according to countries PR China Czech Republic Poland France Hungary Austria Netherlands Libya Norway Russia -0.6-0.5-0.4-0.3-0.2-0.1 0 0.1 0.2 0.3 0.4 0.5 according to groups of countries G20 OECD Area BRICS GCC GUS OPEC G8-0.6-0.5-0.4-0.3-0.2-0.1 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 Source: Federal Statistical Office of Germany 9

Figure 8: Exports of the 10 most important groups of goods in 2014 Vehicles and vehicle parts Machinery Chemical products Comp./electr. and optical equipment Electronic equipment Pharmaceutical and related products Other vehicles Metals Food and fodder Rubber and plastic goods in total goods exports 17.9 % 14.5 % 9.4 % 7.9 % 6.0 % 5.4 % 4.5 % 4.4 % 4.3 % 3.5 % Source: Federal Statistical Office of Germany; own calculations 0 500 100 150 200 250 in billion Figure 9: Imports of the 10 most important groups of goods in 2014 Comp./electr. and optical equipment Vehicles and vehicle parts Oil Chemical products Machinery Metals Electronic equipment Food and fodder Pharmaceutical related other products Other vehicles in total goods imports 9.7 % 9.4 % 9.0 % 8.0 % 7.6 % 5.5 % 5.2 % 4.4 % 4.4 % 4.0 % Source: Federal Statistical Office of Germany; own calculations 0 20 40 60 80 100 in billion 10

Figure 10: Exports and Imports in 2014 by regions Exports Total: 1,133.5 billion Imports Total: 916.6 billion Asia without China 10.3 % China 6.6 % Australia/Oceania 0.8 % Area 36.6 % Asia without China 9.8 % China 8.7 % Australia/Oceania 0.3 % Area 38.3 % USA 8.5 % USA 5.3 % America without USA 3.5 % Africa 2.0 % pa without EU (including CH, RUS, TUR) 10.0 % America without USA 2.7 % Africa 2.2 % pa without EU (including CH, RUS, TUR) 12.8 % EU without Area 21.4 % EU without Area 19.9 % Source: Federal Statistical Office of Germany; own calculations Figure 11: Exports and Imports in 2014 according to groups of goods Exports Total: 1,133.5 billion Imports Total: 916.6 billion Consumer Goods 14.0 % Durable Goods 2.8 % Other Goods 5.4 % Energy 2.6 % Agricultural Goods 0.9 % Intermediate Goods 30.1 % Other Goods 6.8 % Energy 12.6 % Consumer Goods 15.7 % Agricultural Goods 3.1 % Intermediate Goods 28.9 % Durable Goods 4.0 % Capital Goods 44.3 % Capital Goods 28.9 % Source: Federal Statistical Office of Germany; own calculations 11

Ranking of Germany s foreign trade partners (2014) Pos. Exports Pos. Imports Pos. Turnover Pos. Foreign trade balance (surplus) Pos. Foreign trade balance (deficit) 1 France 102 066 693 9.0 1 Netherlands 88 136 522 9.6 1 France 169 619 165 8.3 1 USA + 47 477 124 21.9 1 Netherlands - 14 992 004-6.9 2 USA 96 076 986 8.5 2 PR China 79 348 584 8.7 2 Netherlands 161 281 040 7.9 2 United Kingdom + 41 771 723 19.3 2 Norway - 10 737 214-5.0 3 United Kingdom 84 066 604 7.4 3 France 67 552 472 7.4 3 PR China 153 852 344 7.5 3 France + 34 514 221 15.9 3 Russian Foderation - 9 084 317-4.2 4 PR China 74 503 760 6.6 4 USA 48 599 862 5.3 4 USA 144 676 848 7.1 4 Australien + 19 801 629 9.1 4 PR China - 4 844 824-2.2 5 Netherlands 73 144 518 6.5 5 Italy 48 486 656 5.3 5 United Kingdom 126 361 485 6.2 5 United Arab Emirates + 10 660 429 4.9 5 Vietnam - 4 053 019-1.9 6 Austria 56 233 900 5.0 6 United Kingdom 42 294 881 4.6 6 Italy 102 967 686 5.0 6 Spain + 9 926 447 4.6 6 Ireland - 3 455 305-1.6 7 Italy 54 481 030 4.8 7 Belgium 39 862 572 4.3 7 Austria 92 666 171 4.5 7 Saudi Arabia + 7 819 332 3.6 7 Czech Republic - 3 370 269-1.6 8 Poland 47 543 819 4.2 8 Poland 39 761 192 4.3 8 Poland 87 305 011 4.3 8 Poland + 7 782 627 3.6 8 Bangladesh - 3 202 586-1.5 9 Switzerland 46 270 271 4.1 9 Switzerland 39 329 193 4.3 9 Switzerland 85 599 464 4.2 9 South Korea + 7 642 337 3.5 9 Kazakhstan - 2 719 130-1.3 10 Belgium 42 220 738 3.7 10 Russian Federation 38 402 723 4.2 10 Belgium 82 083 310 4.0 10 Sweden + 7 468 196 3.4 10 Nigeria - 2 561 712-1.2 11 Spain 34 935 133 3.1 11 Czeck Republic 36 879 526 4.0 11 Czeck Republic 70 388 783 3.4 11 Switzerland + 6 941 078 3.2 11 Hungary - 2 173 336-1.0 12 Czech Republic 33 509 257 3.0 12 Austria 36 432 271 4.0 12 Russian Foderation 67 721 129 3.3 12 Turkey + 6 031 139 2.8 12 Japan - 2 137 271-1.0 13 Russian Federation 29 318 406 2.6 13 Spain 25 008 686 2.7 13 Spain 59 943 819 2.9 13 Italy + 5 994 374 2.8 13 Slovakia - 1 635 268-0.8 14 Sweden 21 591 319 1.9 14 Hungary 22 038 193 2.4 14 Hungary 41 903 050 2.0 14 Australia + 5 775 956 2.7 14 Azerbeijan - 1 607 284-0.7 15 Hungary 19 864 857 1.8 15 Norway 19 234 621 2.1 15 Japan 35 975 073 1.8 15 Mexico + 5 409 561 2.5 15 Malaysia - 1 312 743-0.6 16 Turkey 19 317 543 1.7 16 Japan 19 056 172 2.1 16 Sweden 35 714 442 1.7 16 Denmark + 5 136 824 2.4 16 Libya - 1 183 239-0.5 17 Japan 16 918 901 1.5 17 Sweden 14 123 123 1.5 17 Turkey 32 603 947 1.6 17 Canada + 4 885 427 2.3 17 Mazedonia - 888 929-0.4 18 Denmark 16 876 013 1.5 18 Turkey 13 286 404 1.4 18 Denmark 28 615 202 1.4 18 Hong Kong + 4 393 077 2.0 18 Cambodia - 882 939-0.4 19 South Korea 15 624 904 1.4 19 Slovakia 12 914 733 1.4 19 Norway 27 732 028 1.4 19 South Africa + 3 414 089 1.6 19 Slovenia - 759 912-0.4 20 United Arab Emirates 11 408 049 1.0 20 Denmark 11 739 189 1.3 20 Slovakia 24 194 198 1.2 20 Greece + 3 230 197 1.5 20 Cote d'ivoire - 735 952-0.3 21 Slovakia 11 279 465 1.0 21 Romania 10 170 085 1.1 21 South Korea 23 607 471 1.2 21 Israel + 2 411 228 1.1 21 Philippines - 695 079-0.3 22 Romania 10 695 651 0.9 22 Brazil 9 259 028 1.0 22 Romania 20 865 736 1.0 22 Belgium + 2 358 166 1.1 22 Thailand - 685 278-0.3 23 Brazil 10 409 794 0.9 23 Ireland 8 947 642 1.0 23 Brazil 19 668 822 1.0 23 Luxembourg + 2 287 662 1.1 23 Indonesia - 640 270-0.3 24 Mexico 9 078 342 0.8 24 South Korea 7 982 567 0.9 24 Finland 16 133 812 0.8 24 Iran + 2 096 044 1.0 24 Pakistan - 461 251-0.2 25 India 8 924 920 0.8 25 Finland 7 333 627 0.8 25 India 15 964 867 0.8 25 Ukraine + 1 982 982 0.9 25 Costa Rica - 307 647-0.1 26 Saudi Arabia 8 921 279 0.8 26 Taiwan 7 078 884 0.8 26 Ireland 14 439 979 0.7 26 India + 1 884 973 0.9 26 Tunesia - 295 959-0.1 12

Ranking of Germany s foreign trade partners (2014) contin. Pos. Exports Pos. Imports Pos. Turnover Pos. Foreign trade balance (surplus) Pos. Foreign trade balance (deficit) 27 Finland 8 800 185 0.8 27 India 7 039 947 0.8 27 Taiwan 13 963 184 0.7 27 Portugal + 1 852 900 0.9 27 Papua New Guinea - 263 428-0.1 28 Canada 8 642 619 0.8 28 Malaysia 6 111 882 0.7 28 South Africa 13 214 109 0.6 28 Finland + 1 466 558 0.7 28 Sri Lanka - 255 172-0.1 29 Norway 8 497 407 0.7 29 Viet Nam 6 031 947 0.7 29 Mexico 12 747 123 0.6 29 Qatar + 1 418 967 0.7 29 Peru - 215 259-0.1 30 South Africa 8 314 099 0.7 30 Portugal 5 262 182 0.6 30 Canada 12 399 811 0.6 30 Egypt + 1 344 435 0.6 30 Honduras - 210 995-0.1 31 Australia 7 804 736 0.7 31 Singapore 5 014 016 0.5 31 Portugal 12 377 264 0.6 31 Kuwait + 1 308 698 0.6 31 Taiwan - 194 584-0.1 32 Portugal 7 115 082 0.6 32 South Africa 4 900 010 0.5 32 United Arab Emirates 12 155 669 0.6 32 Croatia + 1 290 970 0.6 32 Iceland - 166 224-0.1 33 Taiwan 6 884 300 0.6 33 Slovenia 4 888 308 0.5 33 Singapore 11 310 800 0.6 33 Belarus + 1 283 487 0.6 33 Ecuador - 126 340-0.1 34 Singapore 6 296 784 0.6 34 Thailand 4 627 583 0.5 34 Malaysia 10 911 021 0.5 34 Singapore + 1 282 768 0.6 34 Madagascar - 83 180-0.0 35 Hong Kong 5 894 142 0.5 35 Kazakhstan 4 441 386 0.5 35 Saudi Arabia 10 023 226 0.5 35 Estonia + 1 198 645 0.6 35 Malawi - 74 497-0.0 36 Luxembourg 5 546 670 0.5 36 Nigeria 3 948 003 0.4 36 Australia 9 833 516 0.5 36 Brazil + 1 150 766 0.5 36 Guinea - 68 869-0.0 37 Ireland 5 492 337 0.5 37 Bangladesh 3 799 463 0.4 37 Slovenia 9 016 704 0.4 37 Lithuania + 1 011 061 0.5 37 Trinidad and Tobago - 57 073-0.0 38 Greece 4 955 250 0.4 38 Canada 3 757 192 0.4 38 Luxembourg 8 805 678 0.4 38 Latvia + 887 957 0.4 38 Equatorial Guinea - 42 777-0.0 39 Malaysia 4 799 139 0.4 39 Mexico 3 668 781 0.4 39 Thailand 8 569 888 0.4 39 Agentina + 857 701 0.4 39 Namibia - 35 738-0.0 40 Slovenia 4 128 396 0.4 40 Indonesia 3 592 025 0.4 40 Vietnam 8 010 875 0.4 40 Marocco + 806 041 0.4 40 Mosambique - 28 427-0.0 41 Israel 4 048 463 0.4 41 Luxembourg 3 259 008 0.4 41 Hong Kong 7 395 207 0.4 41 Lebanon + 736 958 0.3 41 Zimbabwe - 24 099-0.0 42 Thailand 3 942 305 0.3 42 Bulgaria 2 731 029 0.3 42 Greece 6 680 303 0.3 42 Iraq + 712 209 0.3 42 Paraguay - 22 674-0.0 43 Ukraine 3 595 016 0.3 43 Australia 2 600 399 0.3 43 Indonesia 6 543 780 0.3 43 Bulgaria + 704 625 0.3 43 Dominican Republic - 17 698-0.0 44 Bulgaria 3 305 024 0.3 44 Algeria 2 523 850 0.3 44 Kazakhstan 6 163 642 0.3 44 Jodan + 674 191 0.3 44 Mauretania - 15 532-0.0 45 Indonesia 2 951 755 0.3 45 Azerbeijan 2 388 801 0.3 45 Bulgaria 5 905 423 0.3 45 Oman + 625 690 0.3 45 Greenland - 15 134-0.0 46 Egypt 2 870 864 0.3 46 Australia 2 028 780 0.2 46 Israel 5 685 698 0.3 46 Chile + 594 596 0.3 46 Timor-Leste - 10 449-0.0 47 Algeria 2 620 617 0.2 47 Greece 1 725 053 0.2 47 Nigeria 5 334 294 0.3 47 Venezuela + 574 031 0.3 47 Guyana - 5 473-0.0 48 Lithuania 2 572 967 0.2 48 Libya 1 724 020 0.2 48 Ukraine 5 207 050 0.3 48 Marshall Islands + 569 305 0.3 48 Bhutan - 4 297-0.0 49 Argentina 2 453 031 0.2 49 Israel 1 637 235 0.2 49 Algeria 5 144 467 0.3 49 Romania + 525 566 0.2 49 Comoros - 3 872-0.0 50 Iran 2 391 004 0.2 50 Tunesia 1 613 184 0.2 50 Philippines 4 766 979 0.2 50 New Zealand + 497 590 0.2 50 South Korea - 1 639-0.0 51 Croatia 2 242 190 0.2 51 Ukraine 1 612 034 0.2 51 Egypt 4 397 293 0.2 51 Uzbekistan + 479 178 0.2 51 Vatican State - 1 219-0.0 52 Chile 2 113 068 0.2 52 Argentina 1 595 330 0.2 52 Bangladesh 4 396 340 0.2 52 Cyprus + 478 958 0.2 52 Grenada - 1 110-0.0 13

Ranking of Germany s foreign trade partners (2014) contin. Pos. Exports Pos. Imports Pos. Turnover Pos. Foreign trade balance (surplus) Pos. Foreign trade balance (deficit) 53 Qatar 2 097 544 0.2 53 Macedonia 1 568 609 0.2 53 Lithuania 4 134 873 0.2 53 Serbia + 436 286 0.2 53 Solomon Islands - 1 089-0.0 54 Philippines 2 035 950 0.2 54 Lithuania 1 561 906 0.2 54 Argentina 4 048 361 0.2 54 Panama + 367 924 0.2 54 St. Barthelemy - 1 079-0.0 55 Vietnam 1 978 928 0.2 55 Egypt 1 526 429 0.2 55 Chile 3 631 540 0.2 55 Malta + 345 962 0.2 55 Jamaica - 463-0.0 56 Belarus 1 799 101 0.2 56 Chile 1 518 472 0.2 56 Colombia 3 261 224 0.2 56 Colombia + 325 450 0.2 56 St. Helena - 61-0.0 57 Colombia 1 793 337 0.2 57 Hong Kong 1 501 065 0.2 57 Croatia 3 193 410 0.2 57 Bahrain + 319 519 0.1 57 Christmas Islands - 51-0.0 58 Kazakhstan 1 722 256 0.2 58 Colombia 1 467 887 0.2 58 Azerbaijan 3 170 318 0.2 58 Georgia + 276 776 0.1 58 Ninue - 31-0.0 59 Estonia 1 719 957 0.2 59 Pakistan 1 267 485 0.1 59 Serbia 2 946 868 0.1 59 Liberia + 264 797 0.1 59 Tokelau - 20-0.0 60 Marocco 1 710 561 0.2 60 Serbia 1 255 291 0.1 60 Tunesia 2 930 409 0.1 60 Angola + 245 108 0.1 60 Palau - 17-0.0 61 Serbia 1 691 577 0.1 61 Peru 1 129 896 0.1 61 Qatar 2 776 121 0.1 61 Bosnia-Herzegovina + 241 189 0.1 61 Tuvalu - 4-0.0 62 Latvia 1 517 403 0.1 62 Saudi Arabia 1 101 947 0.1 62 Iran 2 685 964 0.1 62 El Salvador + 202 271 0.1 62 63 Kuwait 1 445 520 0.1 63 Cambodia 955 829 0.1 63 Marocco 2 615 081 0.1 63 Yemen + 200 182 0.1 63 64 Nigeria 1 386 291 0.1 64 Croatia 951 220 0.1 64 Belarus 2 314 715 0.1 64 Moldova + 186 555 0.1 64 65 Tunesia 1 317 225 0.1 65 Marocco 904 520 0.1 65 Libyan Arab Jamahiriya 2 264 801 0.1 65 Uruguay + 176 863 0.1 65 66 Iraq 1 150 285 0.1 66 Cote d'ivoire 880 787 0.1 66 Macedonia 2 248 289 0.1 66 Kenya + 173 913 0.1 66 67 New Zealand 1 080 300 0.1 67 United Arab Emirates 747 620 0.1 67 Estonia 2 241 269 0.1 67 Cayman Island + 170 433 0.1 67 68 Peru 914 637 0.1 68 Qatar 678 577 0.1 68 Latvia 2 146 849 0.1 68 Cuba + 158 684 0.1 68 69 Pakistan 806 234 0.1 69 Latvia 629 446 0.1 69 Pakistan 2 073 719 0.1 69 Liechtenstein + 149 879 0.1 69 70 Bosnia-Herzegovina 786 865 0.1 70 New Zealand 582 710 0.1 70 Peru 2 044 533 0.1 70 Kosovo + 141 526 0.1 70 71 Lebanon 781 519 0.1 71 Bosnia-Herzegovina 545 676 0.1 71 New Zealand 1 663 010 0.1 71 Sudan + 140 742 0.1 71 72 Azerbaijan 781 517 0.1 72 Ecuador 539 867 0.1 72 Iraq 1 588 361 0.1 72 Turkmenistan + 136 833 0.1 72 73 Venezuela 695 044 0.1 73 Estonia 521 312 0.1 73 Kuwait 1 582 342 0.1 73 Brunei Darussalam + 129 551 0.1 73 74 Oman 692 766 0.1 74 Belarus 515 614 0.1 74 Bosnia-Herzegovina 1 332 541 0.1 74 British Virgin Islands + 111 624 0.1 74 75 Jordan 691 183 0.1 75 Costa Rica 482 367 0.1 75 Liechtenstein 1 070 635 0.1 75 Mongolia + 107 713 0.0 75 76 Malta 683 729 0.1 76 Iceland 474 035 0.1 76 Cambodia 1 028 719 0.1 76 Albania + 98 074 0.0 76 77 Macedonia 679 680 0.1 77 Sri Lanka 473 284 0.1 77 Cote d'ivoire 1 025 622 0.1 77 Cameroons + 97 232 0.0 77 78 Liechtenstein 610 257 0.1 78 Liechtenstein 460 378 0.1 78 Malta 1 021 496 0.0 78 Afghanistan + 96 796 0.0 78 14

Ranking of Germany s foreign trade partners (2014) contin. Pos. Exports Pos. Imports Pos. Turnover Pos. Foreign trade balance (surplus) Pos. Foreign trade balance (deficit) 79 Bangladesh 596 877 0.1 79 Iraq 438 076 0.0 79 Ecuador 953 394 0.0 79 Algeria + 96 767 0.0 79 80 Cyprus 573 858 0.1 80 Malta 337 767 0.0 80 Lebanon 826 080 0.0 80 Mali + 95 996 0.0 80 81 Marshall Islands 569 312 0.1 81 Honduras 334 254 0.0 81 Venezuela 816 057 0.0 81 Guatemala + 88 630 0.0 81 82 Libyan Arab Jamahiriya 540 781 0.0 82 Iran 294 960 0.0 82 Iceland 781 846 0.0 82 Senegal + 84 687 0.0 82 83 Uzbekistan 497 888 0.0 83 Papua New Guinea 292 766 0.0 83 Oman 759 842 0.0 83 Republic of the Congo + 73 687 0.0 83 84 Panama 421 421 0.0 84 Uruguay 238 156 0.0 84 Jordan 708 175 0.0 84 Kyrgyzstan + 69 586 0.0 84 85 Uruguay 415 019 0.0 85 Ghana 203 708 0.0 85 Sri Lanka 691 396 0.0 85 Benin + 69 305 0.0 85 86 Ecuador 413 527 0.0 86 Ethiopia 184 951 0.0 86 Cyprus 668 758 0.0 86 Gabon + 65 851 0.0 86 87 Georgia 375 626 0.0 87 Dominican Republic 182 747 0.0 87 Costa Rica 657 087 0.0 87 Ghana + 61 740 0.0 87 88 Angola 375 164 0.0 88 Trinidad and Tobago 177 824 0.0 88 Uruguay 653 175 0.0 88 Macau + 60 962 0.0 88 89 Bahrain 374 333 0.0 89 Tanzania 162 867 0.0 89 Marshall Islands 569 319 0.0 89 Syrian + 58 207 0.0 89 90 Liberia 332 562 0.0 90 Namibia 154 712 0.0 90 Uzbekistan 516 598 0.0 90 Zambia + 57 153 0.0 90 91 Moldova 325 993 0.0 91 Paraguay 148 126 0.0 91 Angola 505 220 0.0 91 Botswana + 55 860 0.0 91 92 Kenya 316 917 0.0 92 Kenya 143 004 0.0 92 Panama 474 918 0.0 92 Montenegro + 55 740 0.0 92 93 Iceland 307 811 0.0 93 Moldova 139 438 0.0 93 Georgia 474 476 0.0 93 Ethiopia + 53 857 0.0 93 94 Turkmenistan 275 570 0.0 94 Turkmenistan 138 737 0.0 94 Ghana 469 156 0.0 94 Mauritius + 53 696 0.0 94 95 Ghana 265 448 0.0 95 Kuwait 136 822 0.0 95 Moldova 465 431 0.0 95 St. Kitts and Nevis + 51 537 0.0 95 96 El Salvador 242 281 0.0 96 Angola 130 056 0.0 96 Kenya 459 921 0.0 96 Occupied Palestinian Territory + 51 277 0.0 96 97 Ethiopia 238 808 0.0 97 Madagascar 126 777 0.0 97 Honduras 457 513 0.0 97 New Caledonia + 50 791 0.0 97 98 Sri Lanka 218 112 0.0 98 Venezuela 121 013 0.0 98 Bahrain 429 147 0.0 98 Gibraltar + 45 604 0.0 98 99 Guatemala 209 331 0.0 99 Mozambique 120 808 0.0 99 Ethiopia 423 759 0.0 99 Democratic Republic of Congo + 45 080 0.0 99 100 Yemen 205 109 0.0 100 Guatemala 120 701 0.0 100 Turkmenistan 414 307 0.0 100 Burkina Faso + 44 895 0.0 100 Source: Federal Statistical Office of Germany; own calculations 15