Economy: Study: In these goods, Germany is an export world champion

Pain relievers, fertilizers, chemical half -fabrics, optical microscopes: Germany is an export world champion in these and other products. This is the result of a study by the employer -related institute of the German Economy (IW), which was funded by the Federal Foreign Office.

In estimated around 180 out of 5,300 product groups examined, the German share of global export in 2023 was at least 30 percent. In 2010 there were still 240. Since then, however, the number has risen in areas with high world export shares of over 50 or over 70 percent. From the point of view of the study authors, this indicates that German exporters are increasingly specializing.

According to the study, Germany’s dominance in the areas of chemistry, mechanical engineering, electrical engineering and base metals is particularly great. In some painkillers, fertilizers and other chemical products, the German world export share is even more than 90 percent. Certain microscopes, harvesting machines and crane cars come to more than 50 percent.

Expert: Economic cooperation in Europe important

Compared to similarly large countries such as Japan, France and Italy, Germany is still strong, as the study authors write. As far as product groups with a global export share of at least 30 percent are concerned, China is a leading distance, the United States is behind it. According to IW, the EU countries can show export dominance in more than twice as many areas than China. So far there is no data for 2024.

Study author and foreign trade expert Samina Sultan sees difficult times for export -oriented countries through trade conflicts and wars. At the same time, it is strategically important that Germany in certain goods are a bit dependent on global export and other countries.

“This can be a trump card, especially in times of trade conflicts, to put politically pressure.