In 2014 the transatlantic market represented about 47 percent of global GDP (UNCTAD, provisional figures), almost one-third of world trade (goods and services, without intra-EU trade), and about 60 percent of global foreign direct investment (outward stock). Economic ties between Germany and the United States are especially close. In 2014, the United States was Germany’s most important export market outside the European Union, with a volume of €96 billion (8.5 percent of total merchandise exports, Statistisches Bundesamt). In the same year, German merchandise imports from the United States totalled €49.2 billion (5.4 percent of total). In both directions, trade is particularly strong in vehicles and parts, machinery, and chemical products. Investment relations with the United States are of equally great importance for the German economy. According to the German Bundesbank, U.S. direct investments in Germany were worth €59.6 billion in 2013. Subsidiaries of US. companies provide about 613,000 jobs in Germany (U.S. Bureau of Economic Analysis, 2013 figures).