Welcome back, Daniel Workman here, senior research yst at world's top exports.com
Today, I'd like to share important insights about Germany's well engineered cars imported by countries around the globe
Germany is the world's number one exporter of cars by dollar value
Well ahead of Japan overall, cars were the world's fourth most valuable trade commodity
In 2022 imported cars trailed only crude oil refined petroleum and electronic integrated circuits
Cars are the most valuable product imported from Germany and Germany is one of the founding nations of the European Union
Way back in 1957. Here's a snapshot agenda for our presentation starting with worldwide
spending on imported German cars. We'll highlight the fastest growing and severest declining importers of German cars
Then we'll focus on average prices per ton paid by country. Our final educational slide will summarize key findings from this ysis
Popular German car brands include Mercedes Benz Volkswagen, BMW, Audi and Porsche
Worldwide. Imports of German cars totaled 155.7 billion in 2022. That represents an 11.3
increase compared to $139.8 billion.01 year earlier measured by
tons of imported cars. Germany shipped cars weighing a total of 6.74 million tons
Globally in 2022 that amount represents an 8.9% increase from one year earlier
The world's two richest economies, the United States of America and China generated almost 30% of worldwide spending on imported German cars
In 2022 America was also the fastest growing market for German cars year over year at 48.1
The top five importing countries shown accounted for almost half international spending on cars imported from Germany
Overall import sales of German cars increased by 11.3% from 2021 to 2022
Focusing on the 25 biggest German car importers. Fellow EU member Poland recorded the greatest percentage increase in purchases
The four other import nations shown also recorded healthy double digit gains
Fellow Eu member Romania recorded the severest cutback in spending on imported German cars
The four other major customers shown posted much smaller reductions as previously
mentioned, Germany reports, its imported cars by tonnage rather than the number of cars sold
Germany's global average value per ton was $23,087 per ton. In 2022
Up by 2.2% compared to $22,590 for 2021. The
worldwide average price for cars imported from Germany in 2022 was $23,087 per ton
Among the top 25 buyers of German cars, buyers in the United Arab Emirates paid the highest average price
The oil rich UAE ranks among the top seven richest countries per capita
Note that Taiwan and South Korea are two of the four Asian tigers that have steadily maintained a high rate of economic growth since the
19 sixties driven by their exports and rapid industrialization. All five
of the leading nations paying the lowest average prices per ton of German car imports were buyers in eu member countries led by Portugal
All of these eu buyers cut back on their purchases of cars imported from Germany year over year
Here are some key takeaways from our presentation for one imports of German cars place far ahead of second place
Japan, the United States of America and mainland China were the dominant buyers of imported German cars generating almost 30
of total sales. Poland USA and Turkey increased their car purchases from Germany at the fastest pace compared to 2021
Posting the severest declines in their imported German car purchases were fellow European members
Romania and Hungary but also Japan worldwide. The average price for German car imports was $23,087
per ton in 2022. Up by 2.2% from 2021 the United Arab Emirates and China paid the highest average prices
per ton. While European Union members, Spain and Portugal and Poland paid the lowest for
more key insights and useful international trade data. Please visit us at worlds top exports.com
Note that many of our articles feature a searchable document database that showcase the country's top 100 most valuable exported products
And we'll see you next time on our next video