Germany

Germany ranked No. 5 in total trade value through May with a total of $70.41 billion. Exports totaled $23.63 billion and Imports totaled $46.78 billion, a deficit of $23.15 billion.

U.S. trade with Germany rose to $59.4 billion through May

Germany’s trade with the United States rose to $59.4 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.45 percent below its total trade during the same time period last year. U.S. exports to Germany decreased 2.56 percent while U.S. imports from Germany fell 5.39 percent. The U.S. deficit with Germany was $19.51 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Chicago O’Hare International Airport; No. 2 Port of Charleston; No. 3 John F. Kennedy International Airport; No. 4 Port of Newark; and No. 5 Port of New Orleans. During the same period the previous year, the top five were No. 1 Port of Charleston; No. 2 Port of Newark; No. 3 John F. Kennedy International Airport; No. 4 Chicago O’Hare International Airport and No. 5 Hartsfield-Jackson Atlanta International Airport. In the current time period, the top five accounted for 38.68 percent of Germany’s U.S. trade.

Among those top five:

  • Trade with No. 1 Chicago O’Hare International Airport rose 26.26 percent to $6.67 billion.
    Exports rose 16.24 percent to $2.09 billion. Imports rose 31.41 percent to $4.59 billion.
  • Trade with No. 2 Port of Charleston fell 8.26 percent to $6.04 billion.
    Exports fell 22.5 percent to $1.54 billion. Imports fell 2.1 percent to $4.49 billion.
  • Trade with No. 3 John F. Kennedy International Airport fell 3.97 percent to $5.49 billion.
    Exports fell 2.69 percent to $2.9 billion. Imports fell 5.38 percent to $2.59 billion.
  • Trade with No. 4 Port of Newark fell 9.38 percent to $5.23 billion.
    Exports fell 8.48 percent to $506 million. Imports fell 9.48 percent to $4.73 billion.
  • Trade with No. 5 Port of New Orleans fell 12.13 percent to $3.8 billion.
    Exports fell 11.63 percent to $1.57 billion. Imports fell 12.47 percent to $2.23 billion.

Germany ranked No. 5 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 5.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Germany by value through May were the categories of Civilian aircraft, parts; Passenger vehicles; Plasma, vaccines, blood; Medical instruments; and Medicines in individual dosages, respectively. They accounted for 35.69 percent of total exports to Germany.

The value of the top five categories of U.S. imports from Germany –– Passenger vehicles; Plasma, vaccines, blood; Medicines in individual dosages; Returned exports, without change; and Motor vehicle parts –– accounted for 32.83 percent of all inbound shipments.

Looking more closely at U.S. exports to Germany:

  • Civilian aircraft, parts fell 24.99 percent compared to last year to $3.41 billion.
  • Passenger vehicles fell 22.87 percent compared to last year to $2.1 billion.
  • Plasma, vaccines, blood rose 16.38 percent compared to last year to $1.37 billion.
  • Medical instruments rose 13.67 percent compared to last year to $839.07 million.
  • Medicines in individual dosages rose 71.18 percent compared to last year to $712.04 million.

Looking more closely at U.S. imports from Germany:

  • Passenger vehicles fell 37.75 percent compared to last year to $4.64 billion.
  • Plasma, vaccines, blood rose 27.14 percent compared to last year to $4.31 billion.
  • Medicines in individual dosages rose 3.34 percent compared to last year to $3.19 billion.
  • Returned exports, without change fell 11.64 percent compared to last year to $1.83 billion.
  • Motor vehicle parts fell 20.48 percent compared to last year to $1.39 billion.

In the latest annual figures available, Germany recorded $187.76 billion in trade with the United States. Total U.S. exports to Germany were $ 60.3 billion and imports from Germany were $127.46 billion. The U.S. deficit with Germany was $67.17 billion.