Tuesday, July 3, 2007

Main Destinations For German Exports

The following chart shows the principal destinations for German exports (by percentage share), and the evolution of each destination over the 1995 to 2005 period.

(Please click over chart to read clearly)

The above chart is, in fact, really interesting, since, for all the talk in the press about the growth in exports to China and other third world emerging markets (and these of course have been growing very rapidly of late) due to the low base from which such exports start, the real impact on German growth is limited. Exports to the US, other old EU countries AND to the new Eastern Europe Accession countries, on the other hand, are all comparatively important. Exports to the new EU countries in 2005, for example, represented 8.6% of all German exports, which compares with a figure of 11% for ALL Asia.

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