Germany is involved in different successful markets and industries that continue to contribute to its growing finances in the world economy. So if you’re interested in doing business with Germany, then this is right post for you. I am trying to mention some of these major industries below.
Germany is the fourth largest automotive manufacturer in the world. From vehicles to aerospace and more; imports and exports of vehicles and transport parts and components are one of the key industries in Germany. There’s a particularly illustrious history of automotive engineering with several big manufacturers (such as the aforementioned BMW) producing many vehicles which are used all over the world. Many consider this industry to be one of the biggest contributors to its strong economy.
HEALTHCARE & MEDICAL INDUSTRIES:
Medical equipment, chemicals, and pharmaceutical goods made up three of the top 10 German exports; at the same time accounting for billions of dollars’ worth of its economy. This wide range of products covers everything from supplies for pharmacies, to complex and lifesaving machinery and devices for use in hospitals worldwide.
In a similar vein to the above, electronics industry itself is another important one. Along with medical equipment, Germany makes and exports a lot of electrical goods ranging from commercial lighting to Nanotechnology and household appliances. Furthermore, this production comes mostly from SMEs.
Germany takes the EU emissions targets very seriously and has invested a lot into the green energy sector. Solar and wind energy, in particular, have been very successful and there’s increasing demand for bioenergy. Again, these areas are among the top German exports and provide lots of commercial opportunities and jobs.
As Germany is such a financial powerhouse and there’s a wide range of options for import and export, the future looks to be quite bright for this country – as well as its trading partners.
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