German Trade PartnersOctober 23, 2020
This article takes a close look at newest tendencies, focusing on overall intra-EU trade in goods as well as the most traded products. These statistics also provide EU companies with essential info for their sales and advertising policies. Figure 1 shows the seasonally adjusted significance of yearly overall exports of products such as EU-28 Member States to other Member States. By July 2008 to May 2009 there has been a sharp decline in the significance of exports of goods. Following this decrease the significance of exports of goods began to increase. The analysis presented in this article believes Intra-EU exports of goods only, since it is the more reliable measure of overall intra-EU trade in goods since, in Aggregated levels, overall intra-EU exports of goods has improved protection than total intra-EU imports of goods.
A place in EU and place in Germany
There is a wide variation in the significance of export trade in products by Member States with spouses inside the EU, as may be seen in figure 2. For an additional 8 the share of the top 3 intra-EU export partners is between 40% and 50%. Just for Estonia the talk is slightly below 40%. The top-3 partners are frequently large nations, but additionally quite frequently nations in close geographic proximity. All countries had Germany among their top-3 partners. The Netherlands has been A top-3 partner for thirteen states and Italy for ten nations. All nations had a minimum of One EU neighbor one of their top-3 partners.
Where is the money?
It might be tough to interpret figures in absolute terms such as individual Member States. Seventeen Member States have negative trade in products accounts meaning that they import more products by value from EU spouses than they export to other EU Member States. There were both bigger and smaller economies inside the EU with negative trade in products balances in 2016. The biggest negative intra-EU trade in products balances were recorded such as the United Kingdom and France. Of the twelve Member States with favorable intra-EU trade in products balances in 2016, the biggest being such as the Netherlands, at EUR 177 billion.
Trade balance is king
Due to the large differences in trade balances it’s challenging to compare nations with small trade balances. For that reason they’re shown separately in figure 4b. Table 2 shows the trade in products balance for 2002, 2009 and 2016. Over this period, most Member States have continuously been net importers of goods or net exporters of goods. But the extent of the negative or positive balance has changed such as many Member States. For instance France carries on to be a net importer of products from other Member States, but the negative products balance has increased from EUR 10 billion to EUR 88 billion between 2002 as well as 2016.