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Steel Imports Report: Germany
Background
Germany was the world’s 2nd-largest steel importer in 2017. In 2018, Germany imported 26.7 million metric tons of steel, a 4 percent decrease from 27.7 million metric tons in 2017. Germany’s imports in 2017 represented about 7 percent of all steel imported globally, based on available data. The volume of Germany’s steel imports in 2018 was only about 4 million metric tons less than the imports of the United States, the world’s largest steel importer. In value terms, steel represented just 2.3 percent of the total goods imported into Germany in 2018.
Germany imported steel from more than 80 countries and territories in 2018. The 10 countries highlighted in the map below represent the top sources for Germany’s imports of steel, with Germany receiving more than 650 thousand metric tons from each and together accounting for 80 percent of Germany’s steel imports in 2018.
Germany has had fairly balanced trade in steel for most of the past decade. Both imports and exports fell in 2009 but have since recovered. Imports and exports have increased 49 percent and 24 percent, respectively, between 2009 and 2018. With import growth faster than export growth, Germany posted a modest steel trade deficit since 2014. This deficit has grown steadily, and reached 1.2 million metric tons in 2017, before declining 12 percent to 1.1 million metric tons in 2018.
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