Trade between the UK and Germany
The Bundesbank's most recently published revised figures again show the strong bilateral British-German trade to be the fifth largest of all German bilateral trade relationships, after the US, the Netherlands, France and China.
The total bilateral trade including goods and services in 2018 was € 176 bn, slightly down by 2.6% from € 181 bn in 2017 due to reduced goods demand in UK, mainly related to Brexit uncertainty.
Bilateral Trade Details
The total bilateral trade including goods and services in 2018 was € 176 bn, slightly down by 2.6% from € 181 bn in 2017 due to reduced goods demand in UK, mainly related to Brexit uncertainty.
Bilateral Trade Details
Trade in Goods
Of the bilateral trade in 2018, total trade in goods alone was € 124 bn, down by 5% from 2017.
UK exports of goods to Germany were at € 40 bn (unchanged from 2017) while German exports of goods to the UK were at € 84 bn (down by 6.6 % from € 90 bn in 2017). The decrease was mostly said to be due to Brexit uncertainty.
Of the bilateral trade in 2018, total trade in goods alone was € 124 bn, down by 5% from 2017.
UK exports of goods to Germany were at € 40 bn (unchanged from 2017) while German exports of goods to the UK were at € 84 bn (down by 6.6 % from € 90 bn in 2017). The decrease was mostly said to be due to Brexit uncertainty.
Trade in Services
Total trade in services was € 52.2 bn, up by 3.1 % from 2017.
UK services exports to Germany were at € 25.6 bn. Services exports from Germany to the UK were at € 26.6 bn.
(Source: Deutsche Bundesbank, Statistics, March 2019, see page 10 ff, please copy in your browser: https://www.bundesbank.de/resource/blob/783456/0e27f56639ae7df1756d2bd7bdc4ed3b/mL/2019-03-zahlungsbilanzstatistik-data.pdf )
Andreas Meyer-Schwickerath
BCCG
info@bccg.de
Total trade in services was € 52.2 bn, up by 3.1 % from 2017.
UK services exports to Germany were at € 25.6 bn. Services exports from Germany to the UK were at € 26.6 bn.
(Source: Deutsche Bundesbank, Statistics, March 2019, see page 10 ff, please copy in your browser: https://www.bundesbank.de/resource/blob/783456/0e27f56639ae7df1756d2bd7bdc4ed3b/mL/2019-03-zahlungsbilanzstatistik-data.pdf )
Andreas Meyer-Schwickerath
BCCG
info@bccg.de
