Thu 12 December 2013
Germany is the UK’s number one European export market and number two world-wide, with annual sales of more than £2 billion in goods and services*Strengths of the market◊:
- Germany has the largest economy in Europe
- Europe’s largest domestic market
- Easy access from the UK with low cost flights from several UK regional airports
- English widely spoken and accepted as business language
- Highly sophisticated infrastructure
- Situated at the heart of Europe, Germany provides instant access to established markets in Western Europe and emerging markets in central and Eastern Europe.
The successful export sectors from the UK to Germany include; vehicles and automotive components, petroleum and gas, healthcare, aerospace, ICT, chemicals and creative industries. But potentially any goods may sell in Germany if they fit the needs of this sophisticated market.
◊UKTI Doing Business in Germany.
Nottingham City Council, through its Invest in Nottingham team, the Invest in Nottingham Club and partners such as UKTI and DNCC are looking at how we can encourage and support our local companies to pursue new foreign trade opportunities and also increase the number of enquiries the city receives from Foreign Direct Investors.
Using extensive business networks via the Invest in Nottingham Club, a Germany UK forum has been established in order to analyse the market’s prospects. The forum is being chaired by Jens Mullak of INIT AG – a world leading telematics company founded in Karlsruhe which has located their UK and Northern European headquarters in Nottingham.
Karlsruhe in Germany is Nottingham's oldest twin city – the two have been linked for well over 40 years and there are first-class civic and trade connections - with an enviable foundation of great personal friendships and contacts.
The cities have a huge amount in common - they are of a similar size, they are both very progressive University cities, they both have had a legacy of manufacturing and engineering but have sought to diversify by their economies into new technologies – electronics, green technology, information technology, biomedicine, digital and creative media.
Karlsruhe City Council’s economic development department can offer support and assistance should you wish to trade, collaborate or invest in Germany - Visit their website.
If you would like more information about trading with Germany please click here
* Source UKTI