Trade Statistics

Germany

Faizan Ahmed 11845 International Trade, Section: A Faculty: Ghayur Alam

Introduction
Germany is the largest national economy in Europe, the fourth-largest by nominal GDP in the world, and fifth by GDP (PPP) in 2008. Since the age of industrialization, the country has been a driver, innovator, and beneficiary of an ever more globalised economy. Germany is the world's second largest exporter with $1.474 trillion, 1.06 trillion exported in 2011 (Euro zone countries are included).Exports account for more than one-third of national output. Germany is relatively poor in raw materials. Only lignite and potash salt are available in economically significant quantities. Power plants burning lignite are one of the main sources of electricity in Germany. Oil, natural gas and other resources are, for the most part, imported from other countries. Germany imports about two thirds of its energy. The service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. Most of the country's products are in engineering, especially in automobiles, machinery, metals, and chemical goods. Germany is the leading producer of wind turbines and solar power technology in the world. The largest annual international trade fairs and congresses are held in several German cities such as Hanover, Frankfurt, and Berlin.

Exports
Year 2000 2002 2003 2004 2005 2006 2007 2008 2009 2010 Exports (Billion $) 578 608 608 696.9 893.30 1016 1133 1498 1145 1337

Exports (Graphically)

Overall we see an increasing trend in exports of Germany. In 2008 we see a sharp decline in exports due to hot of world recession.

Imports
Year 2000 2002 2003 2004 2005 2006 2007 2008 2009 2010 Imports (Billion $) 505 487.3 487.3 585 716.70 801 916.4 1232 956.7 1120

Imports (Graphically)

In the last decade we see rising trends in imports, but sharp decline in 2008 because of recession.

Overall Analysis

Despite of increasing trends in imports, the economy still showed a trade surplus due to higher value of exports. By analyzing the graph exports and imports follow almost same trend but exports has a higher value.

Foreign and Gold Reserves

Year 2003 2004 2005 2006 2007 2008 2009 2010 Reserves (Billion $) 96.84 97.17 101.7 48.76 136.2 138 180.8 215.9

Foreign and Gold Reserves (Graphically)

Reserves (Bn$)
250 200 150 100 50 0 2003 2004 2005 2006 2007 2008 2009 2010
Reserves show overall positive trend in a decade. But there was a sharp decline in 2006.

Reserves (Bn$)

Exchange Rate
Year 2003 2004 2005 2006 2007 2008 2009 2010 Exchange rate (EUR per USD) 0.89 0.81 0.80 0.73 0.68 0.72 0.76 0.73

Exchange Rate (Graphically)

Exchange rate (EUR per USD)

0.85
0.8 0.75 0.7 0.65 0.6 2003 2004 2005 2006 2007 2008 2009
Overall in a decade German euro appreciated. But 2006 to 2008 showed depreciation against dollar because of reduction in reserves and recession. After 2008 it started to appreciate again because of dollar getting weak day by day.

Exchange Rates

Major Exports

Exports Percentages 2010 Chemical Goods Machinery

Electronic Goods
Motor Vehicles and Parts Foodstuffs Others

Major Imports

Import Percentages 2010

Chemical Goods Machinery Electronic Goods Motor Vehicles and Parts Foodstuffs