Trading Partner Portal: Germany
Interview Series Featuring California’s Key Trading Partners – Featuring Consuls General of Germany Stefan Schneider in Los Angeles and Hans-Ullrich Südbeck in San Francisco – Similar Positions in Tech Revolution Inspire Climate Actions for a Sustainable Future
CalChamber, December 1, 2020
Since the reunification 30 years ago, the German economy has grown steadily to become Europe’s largest economy, and the fifth largest in the world. Germany has a GDP of $3.86 trillion and a population of 83.1 million. CIA Factbook, World Bank
Germany holds the spot as the United States sixth top export destination, with exports steadily increasing over the past decade.
The United States exported $57.79 billion to Germany in 2020, with 27.5% being transportation equipment. This was followed by chemicals, computer/electronic products, and non-electrical machinery. Germany exported $115.12 billion to the US, with 25.1% chemicals, and 19.9% transportation equipment.
As California’s seventh largest export destination, Germany imported $6.47 billion in goods. Top exports included computer/electronic products, chemicals, waste and scrap, and agricultural products. Imports from Germany into California totaled $9.58 billion in 2020. Transportation equipment made up almost 40% of the total. (US Department of Commerce)
Characteristics of Travellers from Germany to California
Foreign Direct Investment
Ranking as the third largest investor in the United States in 2019, Germany plays an important role in the U.S. economy with more than 10 percent of all FDI in the country. Of the $4.4 trillion in total FDI stock recorded in 2019, Germany accounted for more than $521.97 billion. U.S. FDI into Germany totaled $148.25 billion in 2019. U.S. Department of Commerce, Bureau of Economic Analysis)
German FDI in the US supported 860,700 jobs and invested $10 billion into research and development. $50.8 billion went to expanding U.S. exports. The top industry sectors for German FDI in the US were: industrial equipment, software and IT services, auto components, transportation, chemicals, and plastics. Select USA
In California, Germany became the fourth largest source of FDI through foreign-owned enterprises (FOEs) in 2020, up from the fifth spot in 2019. German FOEs provided over 59,539 jobs through 1,355 firms amounting to $5 billion in wages in 2020. However, this was a decrease from the previous year’s FDI which amounted to $6.085 billion in wages. The top jobs by sector are: manufacturing, retail trade, wholesale trade, financial activities, and professional/business services (World Trade Center Los Angeles FDI Report, June 2021).
The California Travel and Tourism Commission unveiled a German Web site to attract more German-speaking travelers to the Golden State. Visit California (Deutsch)
Approximately 427,000 German visitors came to California in 2016 spending approximately $813 million in California.
Hessen Slide Show
Hessen Slide Show
Hessen – one of Europe’s most successful and welcoming global business regions. For inspiring images of successful companies, continental Europe’s leading airport and financial center in Frankfurt, historical buildings, as well as some of the cultural events across Hessen, please view the link below:
Hessen Slide Show
Investors, business development executives, and government representatives at international trade fairs and events, are invited to preview Hessen’s major location advantages such as multicultural diversity, an outstanding and innovative business location for diverse industries and a unique landscape with high quality of life.
Darmstadt – Hessen’s Top ICT Location & Germany´s IT Security hub
Hessen Trade & Invest, August 2014
“Hessen has a remarkable track record when it comes to leading the way in the Information and Communications Technology (ICT) Sector. Darmstadt was ranked 7th in a study European ICT Poles of Excellence (April 2014) by the European Commission. 34 European ICT locations were considered out of 1,300 European regions across 12 countries. Germany, not surprisingly, is in the forefront with 12 locations out of the 34 considered (UK trails with 7).”
“Darmstadt is one of the largest and fastest growing IT Security locations in Europe with over 200 scientists in the area of IT security.”
|CalChamber Hosts Delegation from Germany|
|(July 13, 2009) CalChamber-hosted meeting with business and government officials from the state of Baden Württemberg in Germany are (from left): Dr. Hans-Dieter Frey, Ministry of Economics, Baden Württemberg; Acting Consul General Eberhard Brockmann, German Consulate General in San Francisco; Karlheinz Bechtle, Ministry of Economics, Baden Württemberg; Dr. Peter Kulitz, president, Ulm Chamber of Commerce; Dr. Dieter Salomon, mayor, City of Freiburg; The Honorable Ernst Pfister, minister, Ministry of Economics, Baden Württemberg; Dr. Bernd Dallmann, president, German Economic Developers Association; CalChamber President and Chief Executive OfficerAllan Zaremberg; Dr. Michael Hagenmeyer, chief executive officer, Baden Württemberg International; Susanne Stirling, CalChamber vice president, international affairs. Full Article|
|CalChamber Hosts German Minister of Foreign Affairs||California Partners with CeBIT|
(August 31, 2007) The California Chamber of Commerce hosted the Honorable Frank-Walter Steinmeier, Minister for Foreign Affairs of Germany yesterday, for an international luncheon to discuss climate and energy policy.
(March 3, 2009) Governor Arnold Schwarzenegger pictured with German Chancellor Angela Merkel. Photo Courtesy Governor’s Office
Key Country Contacts
- U.S. Commercial Service Germany
- German American Business Association
- German American Chamber of Commerce/German Office for Foreign Trade/Invest in Germany
- Invest in Bavaria
- The State Portal: Bavaria
- Bayern International
- Go International (Chamber of Commerce)
- Bavaria Foreign Trade Representations
- The State Portal: Baden – Wurttemberg Chamber of Commerce and Industry
- The State Portal: Berlin
- Berlin Partner GmbH
- Berlin Chamber of Commerce & Industry