Go Global Resource Center

Information to help take your business international

Germany

Export Opportunities for U.S. Businesses

Germany County Facts       download

 

KEY TRADE INDICATORS


GDP of
$3.6
Trillion


2014 est


Largest
Consumer
Market in EU


2015


Ranked 6th
Largest Market
for U.S.


2015


World's 4th
Largest
Economy


2014


U.S. is Largest
Euro Trading
Partner


2014

 

 

ECONOMIC AND BUSINESS ENVIRONMENT

The German economy is the world's fourth largest and, after the enlargement of the EU, accounts for more than one-fifth of European Union GDP. Germany is the United States' largest European trading partner and the sixth largest market for U.S. exports. Germany’s "social market" economy largely follows free-market principles. Germany is the largest consumer market in the European Union with a population of 80.8 million. However, the significance of the German marketplace goes well beyond its borders. The volume of trade, number of consumers, and Germany’s geographic location at the center of a 28-member European Union make it a cornerstone around which many U.S. firms seek to build their European and worldwide expansion strategies.

 

TOP INDUSTRY EXPORT OPPORTUNITIES


Medical Equipment

Medical Equipment
Germany is Europe’s largest market for medical devices and the world’s third largest market. The market is in demand for high-quality advanced diagnostic and therapeutic equipment; innovative technologies and minimally invasive equipment, such as laser-optics in vascular surgery, urology, gastrology, dermatology, and neuro-surgery, new diagnostic and imaging devices, as well as specialized wound care and easy-to-use home care products. The trend is toward demand for miniaturized electro-medical equipment and nano-technology products.

Sporting Goods

Sporting Goods
Germany is Europe's largest sporting goods equipment market and a very sport-minded country. There are 25 million Germans participating in sports activities. In 2013, the German sporting goods market grew by 4%. Growth will continue for fitness equipment for physical exercise, gymnastics, or track and field; footwear (all sports); golf equipment; team sports equipment (for soccer, basketball, field hockey, golf, handball in particular, riding, running); winter sports equipment and apparel; in-line skates; roller blades; outdoor goods for hiking, climbing, trekking, and Nordic walking activities.

Agricultural and Food Products

Agricultural/Food Products
Germany imports various food related items from the U.S. In 2013 the U.S was the biggest supplier of tree nuts to Germany. Most tree nuts are used as ingredients by the food processing sector. Almonds are the most important commodity within this category. Further products with good sales potential include pistachios, pecans, and walnuts. In addition, Dried fruits and prepared nuts are also popular as a snack. Commodities with notable increasing sales are raisins, dried prunes, dried onions, and dried mushrooms & truffles.

Download Germany's Country Commercial Guide for more exporting opportunities

 

TRADE REGULATIONS & CUSTOMS INFORMATION

Import Tariffs
Germany Import Turnover Tax - Goods imported from non-EU states are subject to an import turnover tax (Einfuhrumsatzsteuer). The import turnover tax rate equals the VAT (value-added tax) rates of 19 percent levied on domestic products (or 7 percent for some product categories) and has to be paid to the customs authority.

EU Regulations
The Integrated Tariff of the Community, referred to as TARIC (Tarif Intégré de la Communauté), is designed to show the various rules which apply to specific products being imported into the customs territory of the EU. The online TARIC is updated daily.

Import Documentation
The official model for written declarations to customs is the Single Administrative Document (SAD). Goods brought into the EU customs territory are, from the time of their entry, subject to customs supervision until customs formalities are completed. Also known as a Summary Declaration or declaration is made by whoever is clearing the goods, normally the importer of record or his/her agent.

EORI
Since 2009, all companies established outside of the EU are required to have an Economic Operator Registration and Identification (EORI) number if they wish to lodge a customs declaration or an Entry/Exit Summary declaration. All U.S. companies should use this number for their customs clearances.

Download Germany's Country Commercial Guide for more Customs and Trade Regulation Information

 

IMPORTANT COUNTRY GOVERNMENT ENTITIES

 

LOCAL U.S. SUPPORT CONTACT

 

Download the complete Country Commercial Guide

 

Source: U.S. Commercial Service


  View More Country Guides