Business Environment
In 2015, Germany was the 2nd largest merchandise export market in Europe and 9th largest globally with total Canadian exports reaching about CAD 3.6 bn. The country’s market size (81.9 mn in 2015), economic and political stability and very highly accommodative business environment make it a very attractive country for exporters. This last point is best exemplified by the fact that in the World Economic Forum’s recent Global Competitiveness Report, Germany ranked 4th out of 140 countries with particular emphasis placed on its strong infrastructure and ability to foster business innovation. From a sectorial perspective, EDC has historically seen most activity in the Automotive and Heavy Truck (automobiles and heavy vehicles), Aerospace, Construction and Infrastructure, and Mining & Metals industries. In addition to these industries, EDC sees strong opportunities for Canadian business in the ICT, Machinery, Renewable Energy and Environment Technologies sectors. While the German economy is very stable, some short term headwinds can be anticipated from the UK’s vote to leave the EU, a potential slowdown in the Chinese economy and federal elections in 2017.
Key Industries
- Automotive & Heavy Truck
- Construction & Infrastructure
- Environmental Infrastructure & Waste Water
- Machinery - Packaging, Industrial & Analytical Instruments
- Telecom
- Transportation Services
How we can support your business
Through our representation in Dusseldorf, Germany, we provide on-the-ground support to Canadian companies planning on or currently doing business in Germany. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.
- We are well positioned to help Canadian companies through a range of financing and risk management services.
- Learn more about our service offering.
Consult our interactive Country Risk Quarterly report.