Overview: In May 2020 Germany exported €79.9B and imported €73.4B, resulting in a positive trade balance of €6.47B.Between May 2019 and May 2020 the exports of Germany have decreased by €-33B (-29.3%) from €113B to €79.9B, while imports decreased by €-20.3B (-21.7%) from €93.7B to €73.4B.
How much are these fees? Almost all goods - excluding the obviously illegal - can be imported into Germany. What goods am I allowed to import into Germany? Non-EU citizens arriving by sea or air may bring in a total of €430 worth of goods, excluding specific restrictions on alcohol and tobacco. You must document that you have given up your residence in your home country, are establishing a residence in Germany, that the household goods have been used by you for at least six months before moving and will continue to be used by you for 12 months after relocating. by Flagpictures.org Europe’s most powerful economy, the Federal Republic of Germany shipped US$1.486 trillion worth of goods around the globe in 2019. Also shown is the percentage share each product category represents in terms of overall imports into Germany.Germany’s top 10 imports accounted for almost two-thirds (64.5%) of the overall value of its product purchases from other countries.In 2019, German importers spent the most on the following 10 subcategories of machines including computers.Among these import subcategories, German purchases of turbo-jets (up 15.6%) then centrifuges, filters and purifiers (up 9.3%) grew from 2018 to 2019.In 2019, German importers spent the most on the following 10 subcategories of electrical equipment including consumer electronics.Among these import subcategories, German purchases of electric storage batteries (up 20.8%), electrical or optical circuit boards and panels (up 1.1%) then electrical converters and power units (up 0.3%) grew from 2018 to 2019.In 2019, German importers spent the most on the following 10 subcategories of vehicles.Among these import subcategories, German purchases of special purpose vehicles (up 38.3%), cars (up 13.8%) then motorcycles (up 9.2%) grew at the fastest pace from 2018 to 2019.In 2019, German importers spent the most on the following 10 subcategories of mineral fuels-related products.Among these import subcategories, German purchases of electrical energy was the sole top subcategory to increase from 2018 to 2019 thanks to a 28.4% uptick.At the more granular four-digit HTS code level, Germany’s top import products are cars, auto parts or accessories, crude oil followed by petroleum gases then medication mixes in dosage.Click to email this to a friend (Opens in new window) Looking forward, we estimate Imports from China in Germany to stand at 8692050.07 in 12 months time. You must also prove you have been the sole owner of the vehicle for at least six months before moving.Site contents copyright © 2020 by Chuck Emerson Media Services Based on the average exchange rate for 2019, Germany uses the euro which appreciated by 0.9% against the US dollar since 2015 but declined by -5.5% from 2018 to 2019. Germany Imports from China - values, historical data and charts - was last updated on August of 2020. The value of imported goods is one of three 'elements of taxation' that provides the basis for assessment of the customs debt, which is the technical term for the amount of duty that has to be paid, the other ones being the origin of the goods and the customs tariff. The following product groups represent the highest dollar value in Germany’s import purchases during 2019. Based on the average exchange rate for 2019, Germany uses the euro which appreciated by 0.9% against the US dollar since 2015 but declined … Almost all goods - excluding the obviously illegal - can be imported into Germany. When do I have to pay customs charges? Non-EU citizens arriving by sea or air may bring in a total of €430 worth of goods, excluding specific restrictions on alcohol and tobacco.However, once you have exceeded the duty-free limit, you will be required to pay sales tax (VAT) of 19 percent in addition to varying customs fee on the value of the item.For a more comprehensive list of customs charges, go to the English-language FAQs (frequently asked questions) of the (If you are moving to Germany, you are allowed to bring your household goods and one used vehicle with you, duty free.
Imports from China in Germany is expected to be 8692050.07 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.