Deutschlands Position in der Weltwirtschaft
Germany’s Position in the World Economy
In recent years, German exports have increased at a slower pace than before the global financial crisis. Moreover, the growth contribution of foreign trade was significantly smaller. This article examines how German exports have developed since the turn of the millennium, both globally and in specific regions, and relative to world trade. The results are threefold. A look at the most important trade partners reveals that, firstly, the European economies continue to absorb the largest part of German exports. Asia and the US follow as the largest sales markets outside Europe. Secondly, the German world market share is mainly driven by the development of Germany’s market position in the EU and the US; China and the remaining Asian countries play a subordinated role in this respect. Thirdly, a comparison between the growth rates of German exports and world trade is not always useful for statements about the change in the German global market share.
Bremus, F., C. Grimme and L. Zwick (2016), Deutschlands Position in der Weltwirtschaft: Germany’s Position in the World Economy. Wirtschaftsdienst, 96, 11, 806-810