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Blog | 21. Juli 2017

BERLIN: STRONG EXPORTS DELIVER RECORD TRADE FIGURES

 


 

The electric tram, computer and television. Without these innovations, life would be nowhere near as comfortable or convenient. And where were they invented? In Berlin. The City on the Spree also gave birth to the x-ray tube, the thermos flask and the Knirps umbrella – along with the machines that turn beets into sugar. At the time, an absolute sensation. For generations, Berlin has been a wellspring of major inventions and globally successful goods: Gas turbines from Siemens, pharmaceutical products from Berlin’s chemical companies and motorbikes from BMW in Spandau. Four of every five motorbikes and scooters produced in the German capital end up overseas – primarily in France and the United States, which is Berlin’s strongest trade partners, ahead of Poland, China and France. Just last year, more than 13,000 motorbikes were sold to the United States.

STABLE TRADE PARTNERSHIPS, HEALTHY PROFITS

The United States accounts for more than 12 percent of the volume of exports in Berlin’s economy. The largest share of exports, however, go to countries within the European Union (EU), which account for roughly 41 percent. Since 2011, a more intensive trade relationship has also developed between Saudi Arabia and Berlin. The Kingdom has already become one of the ten most important destinations for products “Made in Berlin”. Russia also increased imports of goods from Berlin in 2016, and helped to boost exports to a record high of EUR 15.23 billion – a year-on-year surge of 8.2 percent. Figures from the Berlin Chamber of Commerce (IHK) confirm that Berlin’s businesses exported more goods internationally than at any time since records began.

POSITIVE MOOD AMONG BERLIN’S MANUFACTURERS

The city’s biggest export hits are traditional pharmaceutical products, plant for generating electricity, machines and vehicles. Last year, Berlin’s industry generated 59 percent of its sales revenues from the international export of such goods. In comparison, the average for German industry as a whole stands at 50 percent.

Given all of this positive news, it’s no surprise that 73 percent of the 1,451 companies surveyed for the IHK Economic Report at the beginning of the year assessed the current business climate as “positive”. And two thirds of companies said that they expect the situation to remain unchanged for the foreseeable future. As a result, 71 percent of the surveyed companies said that they are planning to increase investment in their businesses. 55 percent of Berlin’s manufacturers expect exports to remain at a similar level, while 27 percent have an even more positive view of the future and expect exports to keep on growing.

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Blog | 21. Juli 2017

BERLIN: STRONG EXPORTS DELIVER RECORD TRADE FIGURES

 


 

The electric tram, computer and television. Without these innovations, life would be nowhere near as comfortable or convenient. And where were they invented? In Berlin. The City on the Spree also gave birth to the x-ray tube, the thermos flask and the Knirps umbrella – along with the machines that turn beets into sugar. At the time, an absolute sensation. For generations, Berlin has been a wellspring of major inventions and globally successful goods: Gas turbines from Siemens, pharmaceutical products from Berlin’s chemical companies and motorbikes from BMW in Spandau. Four of every five motorbikes and scooters produced in the German capital end up overseas – primarily in France and the United States, which is Berlin’s strongest trade partners, ahead of Poland, China and France. Just last year, more than 13,000 motorbikes were sold to the United States.

STABLE TRADE PARTNERSHIPS, HEALTHY PROFITS

The United States accounts for more than 12 percent of the volume of exports in Berlin’s economy. The largest share of exports, however, go to countries within the European Union (EU), which account for roughly 41 percent. Since 2011, a more intensive trade relationship has also developed between Saudi Arabia and Berlin. The Kingdom has already become one of the ten most important destinations for products “Made in Berlin”. Russia also increased imports of goods from Berlin in 2016, and helped to boost exports to a record high of EUR 15.23 billion – a year-on-year surge of 8.2 percent. Figures from the Berlin Chamber of Commerce (IHK) confirm that Berlin’s businesses exported more goods internationally than at any time since records began.

POSITIVE MOOD AMONG BERLIN’S MANUFACTURERS

The city’s biggest export hits are traditional pharmaceutical products, plant for generating electricity, machines and vehicles. Last year, Berlin’s industry generated 59 percent of its sales revenues from the international export of such goods. In comparison, the average for German industry as a whole stands at 50 percent.

Given all of this positive news, it’s no surprise that 73 percent of the 1,451 companies surveyed for the IHK Economic Report at the beginning of the year assessed the current business climate as “positive”. And two thirds of companies said that they expect the situation to remain unchanged for the foreseeable future. As a result, 71 percent of the surveyed companies said that they are planning to increase investment in their businesses. 55 percent of Berlin’s manufacturers expect exports to remain at a similar level, while 27 percent have an even more positive view of the future and expect exports to keep on growing.

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