Germany's Top 5 Import Traders:
1. NETHERLANDS
2. CHINA
3. FRANCE
4. UNITED STATES
5. ITALY
Some reasons why the Netherlands is one of Germanys top importers are:
Manufacturing industry employed almost 29.7% of the German work force and helped Germany trade.
2. CHINA
3. FRANCE
4. UNITED STATES
5. ITALY
Some reasons why the Netherlands is one of Germanys top importers are:
- Perfectly positioned for goods being imported
- 3rd largest producer and 2nd largest net exporter of natural gas in Europe
- Geographically close to perform trades
- 70% of goods imported into the Netherlands come from the European Union.
- Machinery
- Vehicles
- Chemicals
- Food products
- Textiles
- Metals
Manufacturing industry employed almost 29.7% of the German work force and helped Germany trade.
Germany's Top 5 Export Traders:
1.FRANCE
2. NETHERLANDS
3. UNITED STATES
4. UNITED KINGDOM
5. ITALY
Why France is Germany's top exporter:
2. NETHERLANDS
3. UNITED STATES
4. UNITED KINGDOM
5. ITALY
Why France is Germany's top exporter:
- Neighboring countries
- After several wars, the French and Germans decided to sign trade pacts and create the European Union in order to prevent other war outbreaks. Some of the pacts they signed were Locarno and Munich pact.
- Machinery and equipment
- Motor vehicle trailers and semi-trailers
- Chemicals and chemical products
- Computer, electronic, and optical products
- Basic pharmaceutical products and preparations
I believe Germany has a comparative advantage when it comes to the surrounding countries. Especially the countries they trade the most with. Germany has one of the largest automobile and machinery factories and exports in the world. Germany manufactures some of the largest name brand cars which are:
Exports of passenger cars to countries of final destination:
2008 2009
France 341,552 317,486
Belgium 163,727 145,734
Netherlands 119,384 91,625
Italy 405,390 383,076
Exports for 2008 Exports for 2009
Passenger cars : 4,131,660 Passenger cars: 3,425,626
Commercial vehicles: 369,147 Commercial Vehicles: 158,094
Trucks up to 6ft: 222,911 Truck up to 6ft: 109,570
Trucks over 6ft: 138,295 Trucks over 6ft: 42,552
Buses: 7,941 Buses: 5,972
Total: 4,500,807 Total: 3,583,720
Export rate 74.4% Export Rate: 68.8%
- VW
- BMW
- Mercedes-Benz
- Audi
Exports of passenger cars to countries of final destination:
2008 2009
France 341,552 317,486
Belgium 163,727 145,734
Netherlands 119,384 91,625
Italy 405,390 383,076
Exports for 2008 Exports for 2009
Passenger cars : 4,131,660 Passenger cars: 3,425,626
Commercial vehicles: 369,147 Commercial Vehicles: 158,094
Trucks up to 6ft: 222,911 Truck up to 6ft: 109,570
Trucks over 6ft: 138,295 Trucks over 6ft: 42,552
Buses: 7,941 Buses: 5,972
Total: 4,500,807 Total: 3,583,720
Export rate 74.4% Export Rate: 68.8%
Sources:
www.topforeignstocks.com
www.economywatch.com
www.state.gov/r/pa/ei/bgn/3997.htm
www.suite101.com/content/germany-s-trade-buddies
www.topforeignstocks.com
www.economywatch.com
www.state.gov/r/pa/ei/bgn/3997.htm
www.suite101.com/content/germany-s-trade-buddies