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<\/p>\nGermany is a country in Central and Western Europe, lying between the Baltic and North Seas to the north, and the Alps to the south.<\/p>\n
Germany borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, France to the southwest, and Luxembourg, Belgium and the Netherlands to the west. (1)<\/p>\n
International trade has been playing a key role on German economy for centuries.<\/p>\n
Germans are famous for their quality products. “Made in Germany” is a reliable quality mark and is a strong reason of choice to buy a product all around the world.<\/p>\n
In Germany the share of industry in gross value added is 22.9 per cent, making it the highest among the G7 countries.<\/p>\n
The strongest sectors of Germany are vehicle construction, electrical industry, engineering and chemical industry.(2)<\/p>\n
Germany is a member of the European Union and using EU’s currency EURO (EUR) since 2002.<\/p>\n
German economy is the driving force of the European Union economy. Other European countries rely on Germany to keep their economies and finances functioning properly.<\/p>\n
On this page you can find brief information in regards to German economy, key points of its international trade, banks in Germany and letter of credit usage tips specific to Germany.<\/p>\n
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<\/a>Letter of Credit Services for German Exporters<\/span><\/strong><\/a><\/h4>\nWe will be more than happy helping German exporters with their letter of credit transactions.<\/p>\n
Small or big, every customer welcomes. We mainly work with manufacturing companies.<\/p>\n
Germany is an exporting machine.\u00a0Germany experiencing trade surpluses for decades.<\/p>\n
In binary trade relations, Germany exports more than its imports from majority of countries all around the world with limited exceptions such as China, Saudi Arabia etc…<\/p>\n
As of 2017 Germany is the 3rd biggest exporting country in the world. Germany\u2019s 2017 exports declared as 1 trillion 420 billion US dollars in value.<\/p>\n
Breakdown of Germany’s total exports by main commodity groups are: agricultural products %6.6, fuels and mining products %4.2, manufactures %86.9.<\/p>\n
The most significant export destinations of Germany are European Union %57.8, the United States of America %8.7,\u00a0China %6.7, Switzerland %4.3 and\u00a0Russian Federation %2.1.<\/p>\n
Top Exported Products of Germany (2017)<\/strong><\/p>\n