Page 6 - Port of Hamburg Magazine - 02.19

China as Germany’s most important trading partner
In 2018 goods worth 199.3 billion euros were traded as exports and imports between Germany and the Peo- ple’s Republic of China. As the Federal German Statistics Office, or Destatis, announced, in 2018 the People’s Republic of China was Germany’s most important trading partner for the third year in succession. It was fol- lowed in second and third places by the Netherlands with trade totalling 189.4 billion euros, and the United States with 178.0 billion euros.
In 2018 Germany imported goods for around 106.3 billion euros – up 4.4 percent on the previous year – from the People’s Republic of China. Whereas with other countries, Germany reported export surplus- es, the import surplus from China ran to 13.0 billion euros.
This made China the leading country for German im- ports for the fourth time in succession. China’s ranking for German imports is constantly growing: Whereas in 1980 the People’s Republic was 35th among the lead- ing countries for German imports, in 1990 it was already in 14th place and in 2000, tenth.
8,7%
8,8% 25,3%
6,2%
06 | Port of Hamburg Magazine | June 2019
29%
Automobiles, automotive parts and machinery
Among German exports to China, vehicles, automotive parts and machinery dominate.
Top German exports to China in 2018:
• Vehiclesandautomotivepartsfor19.3 billion euros, accounting for around
29 percent of total exports.
• Machinery:16.9billioneuros–25.3percent
• EDP,electricalandopticalproducts:5.9
billion euros – 8.8 percent
• Electricalequipment:5.8billioneuros– 8.7 percent
• Chemicalproducts:4.1billioneuros– 6.2 percent
EXPORTS