Germany is the economic powerhouse of Europe. For global investors it is wise to be aware of the major countries Germany trades with and also the types of goods Germany exports and imports. With that said, Germany’s major trading partners in 2020 are shown in the chart below. The US was the largest export market for Germany followed by China. The rest of the major export markets are European countries. China is the top country for German imports in 2020.
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Source: Destatis
The top trading goods of Germany in 2020 are shown in the following chart. The top product that Germany exports is motor vehicles followed by machinery and chemicals.
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Source: Destatis
