Overview of Germany’s exports with a $1.27 trillion (1.21 trillion dollars) in exports, Germany is ranked the third largest export provider in the world, with US, UK and France trailing. The top three sectors which contribute to Germany in Gross Domestic Product services at 70%, agriculture at 0.9% and industry at 29% respectively. The following text highlights on the key characteristics of German exports. The first section presents the overview of the leading sectors and the second section presents the overview of manufacturing sectors in detail.
Innovation the biggest and the most important driving factor behind Germany’s growth as a manufacturing economy is innovation. Over the last decade, Europe has grown the most slowly in terms of per capita GDP growth and this has been attributed to an inability to introduce innovations into the economy. Innovation is the driving force behind growth in Europe as evidenced by the fact that over half of the European Union’s gross domestic product is made up of goods manufactured within the continent. In Germany, as well as in the other European Union countries, patent law allows for substantial protection of intellectual property in the form of patents and copyright and therefore enables the innovation process to be implemented across the country.
Manufacturing German goods have a higher export performance than those of the other European Union countries, which have a lower Gross Domestic Product (GDP). However, the two countries share equally the highest number of patented products in the world. A major part of the innovation process in Germany comes from technology innovation as well as design/product innovation, especially in the areas of machinery, transportation and consumer electronics. In addition to that, high-tech firms in Germany have developed world-class overseas outsourcing capacities, thereby ensuring that they receive quality labor when they outsource. Germany is therefore a leading nation for outsourcing work to developing nations.
The automobile industry in Germany has been the main driver behind the growth of its economy. However, in the past five decades, many new car models have been introduced in the market, most of them based on innovative technology. Leading automobile manufacturers such as Volkswagen, Audi, BMW, Mercedes Benz, and Dacia have combined innovation with economy to produce amazing vehicles that are both fuel efficient and aesthetically attractive. The success of these brands has led to a surge in innovations within the German automobile industry, and the innovations have not yet peaked and declined in the same manner that the innovations in the United States, Britain and Japan have done. Given this, many analysts believe that the German automobile industry will continue to lead the way for innovation in the auto sector for several years to come.
The pharmaceutical industry in Germany is also one of the major areas in which innovation takes place. A major pharmaceutical manufacturing hub, the pharmaceutical industry in Germany has focused its R&D efforts more on finding innovative products than on development of drugs. As a result, many innovative products have been launched over the past few years. Some of the most exciting innovations in the field of health care in Germany include gerbils that can detect bladder and kidney stones, insulin pumps that allow the body to regulate the production of glucose, and cancer detection gels that can be used to screen for cancer cells. These products are just a small part of the innovations being introduced into the German health care system.
Tourism is another area where Germany leads the way. Tourism revenue is estimated to be over six billion Euros per year, and many tour operators have established entire branches in Germany because of the incredible travel opportunities that exist in this country. Most tour operators offer a large variety of accommodation options, which allows visitors to enjoy the sights and attractions of various locations across the country without having to worry about booking a hotel room. Tourists have also been known to spend weeks on end in Germany because of the beautiful landscape that exists in the area.
In response to the need for innovative ideas, and the desire to maintain a strong economy, the government of Germany has taken several innovative steps with regard to the creation of new jobs. One of the most important ways that the German government has implemented new ideas in order to create more jobs in this country is by encouraging the growth of the g DP. Germany’s main exports are cars and other vehicles, and the growth of the German car manufacturers has helped to create thousands of jobs in the United States and Canada. Many of the new jobs created in Europe by the Germans have been created due to the expansion of car manufacturers in countries such as Italy, Spain, and Portugal.
The Germans covers a wide range of areas, including agriculture, tourism, research and development, and high-tech manufacturing. Each of these areas has a variety of unique characteristics, and each has unique employment potential. In order to promote the development of the Germans, there are many seminars that are held across the country, as well as in the Germans nations abroad. These seminars are designed to encourage collaboration between the local business community and the German state and municipality governments, as well as between local educational institutions and the g DP nations abroad. In addition to promoting the development of the gDP, these seminars also help to introduce the American and European businessperson to the g DP culture, and help to strengthen ties between Germany and the g DP nations abroad.