- Nov 20 2014
Germany the Market for Automotive Parts and Services
About this product:
Germany is the third largest manufacturer of passenger cars and commercial vehicles in the world, behind only the United States and Japan. Nearly one in ten vehicles produced worldwide originates in Germany. In 2005, the German automotive industry exported goods worth EUR 156 billion, with over EUR 19 billion in exports to the United States, its most important trading partner. Amounting to 19.1% of all German exports, automobiles and automotive parts are Germany’s most important export goods. The German automotive industry is thus highly export-oriented and competitive: of the 5.35 million passenger cars built in Germany in 2005, 70.9% were sold to foreign markets.