Deutschland…• Is the fifth largest economy in the world.
• Is the largest economy in the Euro-Zone.
• Depends heavily on its exports to drive the economy.
• Has a strong network of trade relationships with the world and almost all the major trading countries in Europe.
• Became the world's 3rd largest exporter in 2010.
• Became the world's 2nd largest exporter after China in 2011.
What Is An Import??
An import is any good or service brought into one country from another country in a legitimate fashion, typically for use in trade. Import goods or services are provided to domestic consumers by foreign producers.
Primary Imports
• Motor vehicles• Chemical products• Machinery• Oil and gas• Computers
Import Partners• Italy• Belgium• United Kingdom• United States • France
What Is An Export??
Goods or services are provided to foreign consumers by domestic producers. It is a good that is sent to another country for sale.
Primary Exports• Machinery• Vehicles• Chemicals• Metals• Manufactures• Foodstuffs• Textiles
• France• United States• United Kingdom• Italy
Export Partners
What’s New In Deutschland??
• German imports and exports hit record levels
• German exports soared to a record-high in March
• The value of German exports jumped from 7.3 percent to 98.2 billion euros ($141.1 billion) in March.
• This was the highest level of exports since 1950 and a monthly increase of 3.1 percent.
• Compared to 2010, 2011 exports gained 15.8 percent, while imports advanced 16.9 percent.
• The nation's current account surplus (a measure of all trade including services) widened to 18.8 billion euros in March from 11.9 billion in February.
• This year German government expects economic growth of 2.6 percent following a record expansion of 3.6 percent in 2010.
Questions
• Who is not one of Germany’s import partners?
a) France
b) United States
c) China
* Germany is the ____ largest economy in the world.
Sources• http://1.bp.blogspot.com/-Q97K2NP_8JY/TufA6Vzax1I/AAAAAAAAAbs/kMrD9Uqh3jw/s1600/Ger
man+and+Dutch+imports+and+exports.png
• http://www.economywatch.com/world_economy/germany/export-import.html• http://www.dw-world.de/dw/article/0,,15060887,00.html
• http://www.icons-land.com/images/products/VistaArrowIconsPreview1.jpg
• http://www.tradingeconomics.com/germany/exports
• http://farm2.staticflickr.com/1243/809322032_9509c03842.jpg
• http://www.1uptravel.com/flags/images/be-lgflag.gif
• http://www.33ff.com/flags/XL_flags/United-Kingdom_flag.gif
• http://www.midcoast.com/~martucci/flags/images/us-50hz*.gif
• http://flagspot.net/images/f/fr.gif
• http://jwsr.ucr.edu/archive/vol5/number3/krempel/krempel_print.html
• http://www.india.diplo.de/contentblob/3298134/Galeriebild_gross/1646725/Exports_August_2011_inside.jpg
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