Foreign Trade

USA: Now the most important export market for the German chemical industry

The Netherlands used to be the long-standing no. 1 export market for the German chemical industry – and has now been replaced by the USA: In 2014 just under 10 percent of all exports of chemical-pharmaceutical products went stateside. The companies realised proceeds of some 16.5 billion euros in trading with US customers. Moreover and since a long time, the USA has been the most significant foreign production location in the global strategy of German chemical companies.

Meanwhile, the USA is the most important export market for chemical and pharmaceutical industry in Germany. Already for a long time, the USA has been the most significant foreign production location in the global strategy of German chemical companies. - Photo: © william87 - Fotolia.com
Meanwhile, the USA is the most important export market for chemical and pharmaceutical industry in Germany. Already for a long time, the USA has been the most significant foreign production location in the global strategy of German chemical companies. - Photo: © william87 - Fotolia.com

The Netherlands used to be the long-standing no. 1 export market for the German chemical industry – and has now been replaced by the USA: In 2014 just under 10 percent of all exports of chemical-pharmaceutical products went stateside. The companies realised proceeds of some 16.5 billion euros in trading with US customers, so the German Chemical Industry Association (VCI) in Frankfurt. The Netherlands accounted for 14.8 billion euros. Sales of Germany’s third largest industry totalled well over 190 billion euros, 60 percent of which fell to the share of foreign business.

The VCI’s director-general Utz Tillmann comments: “The United States has always been a major export market for our products. With the strengthening of the US industry over recent years, this importance has even further increased for us. We assume that the planned Transatlantic Trade and Investment Partnership – or TTIP, for short – would trigger an extra thrust.”

For a long time, the USA has been the most significant foreign production location in the global strategy of German chemical companies: Most recently, 130 US subsidiaries with 70,000 staff achieved sales of 52 billion euros (data 2013). With more than 16 billion euros, China ranked second among the production locations abroad. To enable a comparison: Sales of the entire Asian region (China, Japan, India, Korea, Indonesia and Vietnam) only amounted to three quarters (38.6 billion euros) of US sales.

A glance at the volume of imports once more highlights the close links between German chemical companies and the USA: With imports worth 11 billion euros, the US is their most important trading partner outside Europe (ranking fourth when including European countries, following the Netherlands, Belgium and Switzerland).


Please note:
A chart illustrating the topic is available for download in diverse formats in our "Mediathek" linked hereunder for your editorial use.


The VCI represents the politico-economic interests of over 1,650 German chemical companies and German subsidiaries of foreign businesses. For this purpose, the VCI is in contact with politicians, public authorities, other industries, science and media.The VCI stands for over 90 percent of the chemical industry in Germany. In 2014 the German chemical industry realised sales of more than 190 billion euros and employed 444,800 staff.

Contact: VCI Press Dept., Phone: +49 69 2556-1496, E-Mail: presse@vci.de
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Contacts

Stud. Ass. Manfred Ritz

E-Mail: ritz@vci.de