La Germania esporta più in Polonia che in Cina

Translated from German with Deepl

German foreign trade with countries in Central and Eastern Europe grew last year. Exports to Poland alone grew by 3.5 per cent to a value of almost 94 billion euros, according to the Committee on Eastern European Economic Relations. Poland thus overtook China to become the fourth most important German sales market. Exports to Ukraine grew by 17 per cent compared to the previous year.

Overall, exports to the 29 target countries of the Committee on Eastern European Economic Relations rose by just under one per cent to a total value of 281 billion euros, according to an analysis of data from the Federal Statistical Office. In contrast, Germany’s exports to the rest of the world fell by one per cent last year to a total value of around 1.56 trillion euros.

‘The broad presence of German companies in Central and Eastern Europe has long been a pillar of the German economy,’ said Cathrina Claas-Mühlhäuser, Chairwoman of the Committee on Eastern European Economic Relations. She called on the future German government to further deepen the close partnership with the region and Central Asia and to drive forward the European integration of Ukraine, Moldova and the countries of the Western Balkans. The region is of crucial importance for shortening supply chains and procuring critical raw materials and energy.

According to the figures, German trade with Eastern Europe accounts for around a fifth of total German foreign trade and is therefore more important than trade with the USA and China combined. The Committee on Eastern European Economic Relations has around 350 member companies and associations.

The gravity model of trade is a real thing.

It’s why Brexit was always a deeply stupid plan.