In regards with the international trade, Germany represents 9% of the share. “One in every four euro’s is earned through exports andone in five jobs depends on foreign trade.” In 2009, its export worth amounted to 1,121 billion US $ which represents around one third of its gross national income. In brief, Germany wasthe second biggest exporter in 2009. France, the Netherlands the United States, Great-Britain are main trade partners for Germany.
Let’s move on to an important concept which is thesocial market economy. It means that “The state guarantees the free play of entrepreneurial forces, while at the same time endeavoring to maintain the social balance.” In other words: “the supplyof goods is increased and diversified, the providers are motivated to be innovative, income and profits are distributed based on individual performance ”. The advantages of this systemare: preventing excessive pooling and ensuring the participation of employees in economic decisions. At the same time, the politics and the state have to create the framework for functioningcompetition and moderate the different interests.
Concerning the industries and the sector, German industry is the most important part of its activity. Indeed, it employs around 6.4million people. For instance, 70% of its vehicles production is for the export market. In addition to that, the service sector has also a important role.