As a business location, Germany today enjoys an excellent reputation in the Market. It stands for heavy engineering, advanced technologies, innovation, quality production, and good product quality. Germany has a long history of Industrialization. Germans like to invent new solutions and are staying focused on improving them. Although car-makers such as Mercedes-Benz and Porsche are often the first to spring to mind when people think of German brands, there are scores of other products that highlight the innovative design and solid engineering that have become practically synonymous with German-made goods.
Items with the “Made in Germany” tag have the best reputation among customers all around the globe, a survey shows. Germany is profoundly interlinked with the global economy. Consistently euro is earned by exports.
Germany is an industrialized country with solid worldwide connections and an articulated export focus. In the yearly World Trade Organization (WTO) rankings, Germany normally puts among the three biggest exporters behind China and the USA. In 2017, the foreign trade balance shut with an excess of 245 billion euros. Exports by German organizations (goods and services) added up to 1,279 billion euros, with the estimation of imports totalling 1,034 billion euros. Germany is strongly coordinated in the worldwide economy and advantages from free trade and open markets. The World Economic Forum’s “Global Competitive Index 2017-2018” positions Germany fifth in the list of the most competitive nations. On the whole, 137 economies were appraised.
Consistently euro earned in Germany is created through a worldwide business transaction. Just about one job in four is reliant on exports; in industry, it is even one of every two. More than one million organizations take part in foreign trade. In 2015, 720,000 corporations imported merchandise from different nations, while approximately 60,000 were occupied as exporters.
In terms of exports, the accentuation is on motor vehicles and car components, machines, chemical items, and IT appliances and electronic items. These four item groups represent a good 50% of German exports. In general, the export proportion has since 1991 nearly multiplied, ascending from 23.7 Percent to 47.3 Percent. In 2017 the foreign trade ratio, i.e., the aggregate of imports and exports in relation to the GDP, remained at 86.9 Percent. This makes Germany’s economy the “most open” of the G7 nations.
The trade fair industry is viewed as the hub of world trade. Germany is the leading trade fair center with regards to sorting out and arranging international trade fairs. 66% of all-around significant industry events are held in Germany. Consistently, 10 million guests go to around 150 international trade fairs and displays.
Simultaneously Germany is a transshipment hub for the flow of goods in Europe and the world in general. A greater number of products travel through Germany than through some other EU nation. About 33% of the turnover in the ten most significant logistics markets in the EU is produced in Germany, with 3 million individuals engaged with coordination.
myGermany.com is also the main hub of international shipments from Germany. They also have worldwide private customers which is for every individual interested in a forwarding company to purchase products in Germany, which are normally not accessible. You can do your business in Germany if you are interested in marketing your products globally and in cooperating with an International Shipping Company.