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Closer ties: Germany and China by numbers
HOME > PAST ISSUE > SPOTLIGHTAugust 2008
$39.1b
Germany’s 2007 trade deficit with China, up 15% from 2006. Electronic products, textiles, clothing and machinery are the European country’s main Chinese imports. Germany’s deficit ranged between US$7.9 billion and US$14.2 billion for several years, then rose sharply to US$29.4 billion in 2005.
9
Consecutive years Germany has been China’s largest European investor in annual new investments. German foreign direct investment (FDI) in China totaled US$1.98 billion in 2006. This amount makes Germany China’s ninth-largest source of FDI.
21%
Year-on-year growth in Germany’s overall exports in the first quarter of 2008. This growth was sufficient for Germany to fend off China and the US to retain its position as the world’s number-one exporter. In 2007, Germany’s exports totaled an estimated US$1.33 trillion, compared to China’s US$1.2 trillion.
1
Estimated number of new operating licenses issued to German businesses in China every day. If this trend continues, more than 1,000 new businesses will be set up in China by German investors between 2008 and 2010.
$780m
Contracted FDI in China’s automotive sector by German companies in 2006, one of the key sectors for German investment in China.
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