What Does the U.S. Import from Germany: An In-depth Look
The United States and Germany have a long-standing and symbiotic relationship when it comes to trade. Germany has been the United States' top export destination for numerous years, with exports totaling approximately 118 billion US dollars in 2016.
Top Imports from Germany to the U.S.
The most notable import from Germany to the United States is automobiles. In 2016, German automobiles made up about 20 percent of all goods imported from the country. This significant share is not surprising given Germany's reputation for manufacturing high-quality and innovative vehicles. Apart from automobiles, the second-largest import is packaged medicaments, which account for 9.3 percent, underscoring the importance of German pharmaceuticals in the U.S. market. Vehicle parts follow closely, making up 4.9 percent of total imports.
German Exports to the U.S.
German exports to the U.S. have a diverse range of products. In 2018, the United States received significant amounts of machinery, vehicles, pharmaceuticals, optical and medical instruments, and electrical machinery.
Machinery
Machinery is a top export from Germany, with a value of 27.2 billion US dollars. This includes machinery used in manufacturing processes, construction, and industry. German machinery is often renowned for its efficiency, precision, and reliability, making it highly sought after by U.S. businesses.
Vehicles
Germany's automotive industry is world-renowned, and it's no surprise that vehicles accounted for a massive 25.4 billion US dollars in exports to the U.S. in 2018. From luxury cars to commercial vehicles, German manufacturers provide a wide range of vehicles that cater to diverse market needs.
Pharmaceuticals
The pharmaceutical sector is another significant contributor to Germany's exports to the U.S., with a value of 15.3 billion US dollars. This includes a variety of medical treatments, drugs, and other pharmaceutical products. The U.S. pharmaceutical market is one of the largest globally, and German companies play a vital role in supplying innovative medications and treatments.
Optical and Medical Instruments
In the realm of precision and accuracy, optical and medical instruments stand out as key exports. The U.S. relies heavily on German companies for high-quality medical equipment, ranging from diagnostic tools to imaging devices. This sector accounts for 10.6 billion US dollars, reflecting the strong demand for German medical technology.
Electrical Machinery
Electrical machinery, including generators, motors, and transformers, is another major export. This sector accounts for 8.8 billion US dollars, highlighting the focus on power solutions in Germany. The U.S. market's need for robust and efficient electrical machinery is satisfied by German manufacturers.
The Top Imports from Germany
Germany itself is a significant importer of products as well. Some of its top imports include cars, vehicle parts, crude petroleum, packaged medicaments, and refined petroleum. These imports reflect the diverse economic activities within Germany, which are deeply interconnected with international trade.
Conclusion
The trade relationship between Germany and the U.S. is marked by a mutually beneficial exchange that highlights both countries' strengths and resources. From advanced machinery and pharmaceuticals to vehicles and medical instruments, the German market offers a wide range of high-quality products that find value in the U.S. market. As both economies continue to evolve, the future looks promising for continued growth and collaboration in this significant trade relationship.