Germany – the largest single market in Europe
Germany is Europe’s largest single market and the second largest open economy in the world.
With more than 80 million consumers and 3.6 million companies, the German economy imports goods and services worth almost 1,000 billion euros per year.
The power of the German manufacturing industry and the increasing prosperity of German consumers are the guarantee for further increasing imports in the future.
Fig.: Monthly import volume in Germany
Level of consumer spending by private households in Germany
Fig.: Distribution of private consumption expenditure in German households
Every year, German households spend more money on private consumption of goods and services of all kinds.
In 2016, the total value of all private spending on consumption in Germany amounted to € 1,679 billion (!).
On average, every German household spends more than € 2,500 a month on private consumption.
Export volume of Serbian products to Germany (2016)
In 2016, Germany imported Serbian products worth almost 1.6 billion euros:
|Data processing equipment, electr. u. opt. produce||9.328.000 €|
|Electrical equipment||505.484.000 €|
|Products of agriculture and hunting||30.175.000 €|
|Forestry products||231.000 €|
|Glass and goods, ceramics, stones and earth||4.342.000 €|
|Rubber and plastic goods||72.730.000 €|
|Wood and wooden cork-, basket-, wickerwork without furniture||15.185.000 €|
|Cars and motor vehicle parts||274.113.000 €|
|Leather and leather goods||8.890.000 €|
|Metal products||62.412.000 €|
|Food and feed||158.087.000 €|
|Paper, cardboard and goods made of it||18.786.000 €|
|Pharmaceutical and similar products||39.398.000 €|
|other Vehicles||13.882.000 €|
|Stones and earth, other mining products||20.000 €|
|Tobacco products||978.000 €|
|Import volume of Serbian products to Germany, total:||1.590.908.000 €|