751-Sabar Institute Of Management, Tajpur - Gujarat Technological ...

Exports (Billion $)
Country 1999 2000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Germany 610 578 608 608 696.9 893.3 1,016 1,133 1,498 1,145 1,337 1,408
Imports (Billion $)
Country 1999 2000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Germany 587 505 487.3 487.3 585 716.7 801 916.4 1,232 956.7 1,120 1,198
Germany Balance of Trade
• Generally meaning of the balance of trade is that the difference between a country's
imports and its exports.
• Balance of trade is the largest component of a country's balance of payments.
• Debit items include imports, foreign aid, domestic spending abroad and domestic
investments abroad. Credit items include exports, foreign spending in the domestic
economy and foreign investments in the domestic economy.
• A country has a trade deficit if it imports more than it exports; the opposite scenario is a
trade surplus.
• Germany Balance of Trade averaged a surplus equivalent to 5.59 Billion EUR reaching
the best surplus at 20.10 Billion EUR in June of 2008 and the worst deficit at 0.50 Billion
EUR in January of 1981.
• German economy is heavily export-oriented (the world's biggest exporter), with exports
accounting for more than one-third of national output. Its principal exports are: motor
vehicles, machinery, chemical products, electrical devices and telecommunications
technology.
• German’s principal imports are motor vehicles, chemical products, machinery, oil and
gas and computers. European Union makes 60 percent of the total trade. Other major
partners are: U.S. China and Russia.
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