International Trade in Germany

International Trade in Germany

Germany is Europe's primary economy. Over the last few years, its performance has not been dynamic due to the country's vulnerability to outside shocks, domestic structural problems and the permanent difficulties of integrating the formerly communist eastern part. Strongly hit by the... Read more

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Market Analyses About Germany (336)

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  • OneWorld Communications

    OneWorld Communications

    Advertising, Germany

    Welcome to OneWorld Communications. We are a full-service advertising agency in San Francisco California with international...
  • Universal Consensus

    Universal Consensus

    Cross-Cultural Training, Germany

    Universal Consensus is a global business advisory firm specilized in cross-cultural consulting whose mission is to help clients to...

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  • Arvigor Trading & Co.

    Arvigor Trading & Co.

    Market Entry, Germany

    Arvigor Trading & Co. is a general trading company. We provide small and medium-sized enterprises with efficient and...
  • Copernicus International Consulting Ltd
    B2B Matchmaking events, Distributor Identification, FDI Generation Experts.From offices in 38 countries Copernicus has a proven track...

Overview About International Trade in Germany

Main Industry Sectors

The German agricultural sector contributes about 1% of the GDP and employs about 2,5% of the active population. The sector has greatly benefitted from State subsidies. Main agricultural products are milk, pork and livestock farming, sugar beet and cereals. Consumers prefer organic agriculture. The country is going through a process of deindustrialization of the food sector. 

The contribution of the industrial sector to the GDP has dropped from 51% in 1970 to about 29% today. However, the German economy still has some specialized sectors such as mechanical engineering, electric and electronic equipment, automotive and chemical products. The automotive industry is one of the country's largest industrial sectors, and is the world's 3rd exporter of cars. Nevertheless, the crisis has affected German industry, especially the automotive sector as well as equipment, with a decrease in orders and the implementation of partial unemployment plans.

The tertiary sector contributes about 70% to the GDP. The German economic model relies mainly on a dense network of SMEs; there are more than 3 million of them employing 70% of the salaried workers.

 

Economic Overview

Germany is E...

News Related to International Trade in Germany

  • Germany, land of the car, develops taste for electric cargo bikes - Sep 05, 2019

    Think tricycles for the age of global warming: A rising number of environmentally conscious Germans are buying electric cargo bikes, which last year outsold electric cars in a country known for its love of the combustion engine.

    Source: Reuters

  • Germany to ban use of glyphosate from end of 2023 - Sep 05, 2019

    Germany will ban the use of the weedkiller glyphosate - the subject of billion-dollar U.S lawsuits over claims it causes cancer - from the end of 2023 and limit its use before then, the Environment Ministry said on Wednesday.

    Source: Reuters

  • Tennor Holding Acquires Germany’s Flensburger Schiffbau-Gesellschaft - Sep 04, 2019

    Germany's shipbuilder Flensburger Schiffbau-Gesellschaft has been acquired by the investment company Tennor Holding. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

    Source: World Maritime News