The big financial crisis which started in 2007 seems to relax more and more, at least for Germany. No other industrial nation grew faster in 2010, thanks to China. Wether it‘s chemical or driven by an engine, China orders „made in Germany“. Cars, heavy machinery, electronic devices and chemistry – it all goes to China straight from Germany. Volkswagen, Siemens and BASF are the main beneficiaries and on their way to a great financial year. Currently there is no other country in the EU that Germany doesn‘t produce a large trade surplus with.
The reason for this is fairly simple: China is pumping billions of dollars into their infrastructure, high-speed trains, power plants, medical care and streets. Outside of the cities is still a lot building-potential for all the 1,4 billion people. And most of the needs meet exactly what Germany produces and exports best.
USA – another profitable market for Germany
Although China might be the biggest customer VW proudly incorporates in their portfolio, there is still one left that is raising the bar too: Volkswagen sold 35% more cars to the US than they did in the same month last year. Overall VW‘s master brand was able to sell over 154.100 cars within the first 6 months of the year which brings them to the best statistics since 2002.
But Volkswagen is not the only one selling more cars on the US market: Audio was able to increase their sells about 17 percent and BMW about 13 percent. The big competitors Japan is still recovering from the earthquakes back in march.
Greatest export in Europe
With increasing exports for cars, machinery, chemistry, and of course german cuckoo clocks, Germany is back in the business and strengthening german brands all over the world.