GDP (Million $) – 4,710,032
GDP Per Capita ($) – 55.521
Growth Rate (%) – 0.01
Population – 84,833,000
Area (km²) – 357,340
Capital – Berlin
Germany is one of the largest countries in Europe with an area of 357 thousand km² and a population of nearly 83 million. The country is one of the key actors in the world economy and politics with its leadership position in the EU and its strong economic, industrial, commercial and technological structure.
Germany is the most developed industrial country in the world after the USA and Japan. The country is also the largest and most important market of the European Union with a population of nearly 84 million.
The heart of the German economy is the manufacturing industry and related service sectors. While the most important manufacturing sectors are industrial machinery, automotive and chemical industry, the telecommunication sector has become one of the leading fields of activity in recent years.
In Germany, which focuses especially on high value-added products in its foreign trade, more than half of the exports are capital goods. The largest share in exports is taken by means of transportation and their parts, as well as medicines. Important groups of goods in imports are machinery, transportation vehicles and their parts, oil and natural gas and its products, and medicines.
Türkiye-Germany Foreign Trade
Considering Türkiye’s bilateral economic and commercial relations with foreign countries, it is observed that the most intense relations are with Germany. In 2023, as in previous years, Germany ranked first in Türkiye's exports, while it ranked third in imports after the Russia and China.
Although the shift of German companies' production and imports to Central and Eastern European countries in recent years and the abolition of taxes and quotas for these countries caused a slowdown in Türkiye’s export growth in the early 2000s, Türkiye has started an upward trend in its exports to Germany since 2003.
Türkiye’s exports to Germany consist of 90% industrial products and approximately 10% agricultural and food products. On the other hand, imports from Germany consist of 98% of industrial products and 2% of agricultural and food products.
INDUSTRY
Industry is the heart and core sector of the German economy, and it is the most important sector that produces many innovations and innovations thanks to the strong network established with various sectors. One-fifth of the total gross value added in Germany is generated directly by the manufacturing industry. The strength of the industry is due to the fact that there is a strong cooperation between the private sector, the university and the state. Small and medium-sized industrial companies, which are usually run by families, are one of the important features of the "German business model".
The public image of German industry is characterized by automobiles and chemicals, medicines and machinery. The annual turnover of these four sectors is approximately 1.2 trillion euros, with a total of approximately 3 million people working in these sectors. In particular, the automotive sector, which is one of the most important carriers of the "Made in Germany" brand at the global level, is one of the most important components of the German industry.
As of 2022, 23.4% of Germany's gross national product comes from the industrial sector. Approximately 8 million people are employed in the sector, and the gross value added in the German economy is 963 billion euros as of 2021.
German companies represent 10 percent of European manufacturing companies and account for 31 percent of total turnover. 94% of Germany's total exports of goods consist of industrial products.
One of the key factors that makes German industry strong is the close integration of industry into the European single market. About one-seventh of every euro earned by German industrial companies is made up of intermediates from the EU. At the same time, the EU is the most important destination for German exports, accounting for more than half of all exports. In this respect, Germany's success as an industrial center is closely linked to economic and political integration in the EU.
In 2023, Germany's industrial sector started with a small growth. Production in the manufacturing sector (excluding construction) increased by 0.4 percent in the first quarter of 2023 compared to the same period last year, offset by a sharp decline in power generation and energy-intensive industries, strong expansion in vehicle construction, and increased activity in mechanical engineering and the electrical industry.
In the third quarter, almost all sectors, except for the automotive sector and other vehicle construction, produced less than a year ago. As a result, industrial production in the first nine months of 2023 decreased by -1% compared to the same period last year.
In the manufacturing sector, production increased by 0.2% annually in the January-September 2023 period on a calendar and seasonally adjusted basis. Individually, vehicle construction and other vehicle construction recorded the strongest growth with 14.4 percent.
AUTOMOTIVE INDUSTRY
With more than 800,000 employees, the German automotive industry is a key sector of the country's economy and accounts for a significant share of national income. On the other hand, the existence of the sector is highly dependent on exports. For this reason, the country attaches importance to maintaining its competitive position in international markets and aims to become the world's leading automotive manufacturer.
In 2023, Germany exported motor vehicles and parts worth 274 billion euros, an increase of 10.6%. While the sector ranks first in the country's exports with a share of 17%, it ranks 3rd in imports with a share of 11% (147 billion euros). The sector, which has a foreign trade surplus of 126 billion euros, realized the highest export to the United States with 34 billion euros. This country is followed by China, the United Kingdom, France and the Netherlands, respectively. Türkiye ranks 12th in Germany's motor vehicle and parts exports with 7 billion euros.
In Germany's imports of motor vehicles and parts, Czechia ranks first with 14 billion euros, with Spain, Italy, Poland and the United States the other countries in the top five, respectively. Türkiye exported 4.6 billion euros in 2023, ranking 15th in Germany's imports.
In January-February 2024, 430,941 passenger vehicles were registered, an increase of 12%, of which 78,935 are electrically powered and 295,838 are German trademarks. In the same period, 674,900 vehicles were produced in Germany, a decrease of 5%, and 489,600 vehicles were exported.
According to the data of the International Motor Vehicle Manufacturers Organization (OICA), Germany ranks 6th in world automobile production in 2023 after China, the United States, Japan, India and South Korea. In automobile sales, Germany ranks 5th after China, India, Japan and the United States.
AEROSPACE INDUSTRY
Aerospace is seen as one of the few sectors in Germany and Europe that prepares all sectors for the future, and in this sense, special importance is attached to this sector in Germany. It is aimed to further develop capabilities in this area in the coming years with technological quantum leaps such as the planned climate-neutral aircraft ZEROe and the future European air combat system FCAS. At the same time, the European Service Module ESM, which is the technological center of the Artemis mission, which will take mankind to the Moon again after many years, is seen as one of the most important initiatives for the sector.
The aerospace industry in Germany has been recovering from the effects of the coronavirus crisis since 2022. According to the latest data released by the Federal German Aviation Association, the most important umbrella organization of the sector, sales reached 39 billion euros in 2022 (the total turnover of the EU aerospace sector is 239 billion euros), representing a significant increase of 19.4% compared to the value of 31.4 billion euros in 2021. This positive development is partly due to increased deliveries of the Airbus family of aircraft.
The aerospace sector is one of the sectors with the highest R&D expenditures in its turnover. R&D expenditures, which reached approximately 3 billion euros for 2022, correspond to 7% of the turnover of the aerospace sector. Suppliers and service providers from Germany are in great demand worldwide for their highly specialized products and services. 73% of the value added is exported.
In the 88 Chapters of aviation and space vehicles, Germany's exports in 2023 increased by 11.3% compared to the previous year to 31 billion 617 million euros, and Germany's imports increased by 10.5% in 2023 compared to the previous year and amounted to 12 billion 134 million euros. In 2023, Germany's most important export partners were France, the USA, China, India and Türkiye, respectively, while the most important import partners were the USA, England, France, Spain and Austria. In 2023, Germany's exports to Türkiye amounted to 2 billion 430 million euros, while imports from Türkiye amounted to 219 million euros.
CONSTRUCTION INDUSTRY
Germany is one of the leading countries in the construction industry worldwide. The country's construction industry specializes in constructing high-quality and sustainable buildings. The construction industry in Germany is particularly active in the field of commercial buildings, residences, industrial facilities, energy efficiency projects and infrastructure projects.
The construction industry in Germany is home to thousands of small and medium-sized enterprises across the country, as well as several large construction companies. These major companies include Hochtief, Bilfinger, Zueblin, Max Boegl, Strabag, and Ed. Züblin. 88.4% of construction companies in Germany employ fewer than 20 people and account for 29.7% of turnover.
The country is exemplary, especially in the construction of green and solid buildings and the use of renewable energy sources. German contractors, who also operate on a global scale, carry out many large construction projects around the world. These include large projects such as high-rise buildings, bridges, tunnels, airports, ports, and industrial facilities.
In 2022, around 927,000 people, or six percent of the total workforce, were employed in 82,700 companies in the main construction sector. These companies have achieved a total turnover of around 160 billion euros.
GERMAN SCREW ASSOCIATION
The German Screw Association (DSV) represents the interests of German manufacturers of screws, nuts and rivets, which are full members of the association. DSV's member companies include disc manufacturers, who play a special role, as well as suppliers, service providers and machine and screw device manufacturers that are important for the screw industry. The joint member companies cover the entire process chain in the production of mechanical fasteners. In addition, numerous university institutes are member partners of DSV.
The aim of the German Screw Society is to promote the common economic, technical and scientific interests of its member companies.
Since its foundation in 1977, the German Screw Association has had a very strong technical focus and has continuously expanded this focus to the present day.The technical support of member companies and their customers are also important metrics for maintaining the competitiveness of the German screw and nut industry.
Products:
Screws, nuts, rivets and other mechanical fasteners conforming to DIN, ISO and EN standards and customer specifications (parts drawing); It differs according to the tooth form, diameter and length, head and shaft shape, applied force, material and strength used, as well as surface quality.
Source: https://www.schraubenverband.de/wir-uber-uns
