Germany - Export Development Canada (EDC)
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Germany

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Germany
Map of Germany

Country Facts

Nominal GDP3,462.20 Billion USD
Population82.31 Million
Total Trade/GDP83.41%
CurrencyEuro (EUR)
Merchandise Imports from Canada4,062.59 Million CAD
Canadian direct investment12,364 Million CAD
Main importsMachinery & Equipment, Mineral Fuels, Chemicals, Food, Beverage & Tobacco

EDC in Germany

Canadian companies assisted450
International buyers insured1,902
Business volume1,706.75 Million CAD

Business Environment

In 2016, Germany was the 2nd largest merchandise export market in the EU and 7th largest globally with total Canadian exports reaching about CAD 4.1 bn. In the medium term, Canadian exports to Germany should get a boost with the coming into force of the Comprehensive Economic Trade Agreement (CETA). The country’s market size (82.7 mn in 2016), 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 5th out of 138 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. The German economy is projected to perform well over the short-medium term, buoyed by the strenghtening economic environment across the EU, although German federal elections in September 2017 will create some minor policy uncertainty.  

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.

 

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