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Steel Exports Report: Germany
Background
Germany was the world’s 5th-largest steel exporter in 2017. In 2018, Germany exported 25.6 million metric tons of steel, a 3 percent decrease from 26.5 million metric tons in 2017. Germany’s exports represented about 6 percent of all steel exported globally in 2017. The volume of Germany’s 2018 steel exports was a little more than a third of the volume exported by China, the world’s largest exporter of steel. In value terms, steel represented just 1.8 percent of the total amount of goods Germany exported in 2018.
Germany exports steel to more than 180 countries and territories. The 10 countries highlighted in the map below represent the top markets for Germany’s exports of steel, receiving more than 1 million metric tons each and accounting for 70 percent of Germany’s steel exports in 2018.
Throughout the last decade, Germany has maintained relative balance in its trade in steel. Following the global recession in 2008, Germany maintained a trade surplus in 2009 and 2010, in addition to 2012 and 2013. Since 2014, however, Germany has experienced a trade deficit in steel products. Since 2009, exports by volume have increased by 24 percent, with imports increasing by 49 percent over the same period. In 2018, the trade deficit slightly decreased to –1.1 million metric tons from –1.2 million metric tons in 2017.
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