Why Are These The Germany's Top 10 Exports, By 2021-24? Blog-25
By Dr. Lade Vedkumar.
Very impressive export prospects are going to expand in these products by 2024.
These are the products average export values of 2020 and export prospects by 2024.
Motor vehicles:
2020- 156.7 billion dollars,
2024- 230.1 billion dollars.
Medicaments:
2020- 42.2 billion dollars,
2024- 68.2 billion dollars.
Vehicles parts:
2020- 40.2 billion dollars,
2024- 57.7 billion dollars.
Aircraft more than15,000 kg:
2020- 24.4 billion dollars,
2024- 37.4 billion dollars.
Blood fractions:
2020- 24 billion dollars,
2024- 33.8 billion dollars.
Other machinery:
2020- 24.8 billion dollars,
2024- 30.3 billion dollars.
Parts of machinery, holders:
2020- 13.1 billion dollars,
2024- 16.4 billion dollars.
Parts of motor vehicle bodies:
2020- 11.7 billion dollars,
2024- 15.4 billion dollars.
Airplane/helicopter parts:
2020- 10 billion dollars,
2024- 12.4 billion dollars.
Boards for electric control:
2020- 9.1 billion dollars,
2024- 11.4 billion dollars.
Important conclusion:
Best results can be found in products having larger absolute difference between 2020's exports and prospects by 2024 in value terms. It will create the space to earn additional export.
Note: All the values are in an approximate US dollar. Prices may vary as per the market demand and dollar value fluctuation. 2020's average export value can be equivalent to or lower than export values recorded in other trade databases. The average value is the essence of the reliable reports of the last five years. Six digit HS code was used for the above outlook.
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Research source:
1. World Trade Organization, Trade forecast.
2. World Bank WITS.
3. International Trade Centre.
Research access duration September 2020.
© 2022-24 Future Export Vision.
Imp links:
Amazon global selling guide:
https://sell.amazon.com/global-selling/guide
Germany's Top Exports 2021-24?
Germany's Car Export Countries
Germany Car Parts Export Countries
World's Car Export Markets?
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