Bilateral economic relations between Germany and Hong Kong

In 2006 Germany was Hong Kong's seventh largest trading partner with a total trade volume of HK Dollar 120,091 million (Euro 12.32 billion, annual average exchange rate 1 € = 9.76 HKD), representing a share of 2.37 %. According to the figures published by the HK Census and Statistics Department the imports from Germany amounted to HKD 44,428 million (Euro 4.55 billion), domestic exports to Germany to HKD 4,910 million (Euro 500 million) and re-exports to Germany to HKD 70,753 million (Euro 7.25 billion). Hong Kong imported from Germany in 2006 mainly electrical machinery, apparatus & appliances and electrical parts thereof, road vehicles, general machinery as well as specialized machinery for particular industries, telecommunications and sound recording and reproducing apparatus and equipment, professional, scientific and controlling instruments & apparatus, plastics in primary forms, dyeing, tanning and colouring materials. Hong Kong´s domestic export to consisted mainly of articles of apparel and clothing accessories, office machines and automatic data processing machines, electrical machinery, apparatus and appliances and electrical parts thereof.

Several hundred German business companies are located in Hong Kong, mainly engaged in trade, transport and logistics, consulting and financial services. Hong Kong is very often used as a base for doing business with Mainland China, Taiwan, Macao, Singapore and other countries in the area.

(Source: German Consulate General Hong Kong)

Europe's Most Popular Investment Location: Germany

International companies consider Germany the most attractive place for investment in Europe.

International companies consider Germany the most attractive place for investment in Europe. A survey published by the management consulting firm Ernst & Young at the end of June, revealed that Germany remains the most attractive investment location in Europe. The number of investment projects executed in the country rose about 57 percent within one year. In the view of the international managers, Germany's strength lies in its infrastructure and the well trained work force.

Among the ten most popular investment locations world-wide, Germany occupies the fourth position behind China, the USA and India.

Fuelling the Growth Engine: German Industry Needs Suppliers from Abroad

Germany is becoming a knowledge-driven economy with a strong tertiary sector. Yet, industrial enterprises - large companies as well as small and medium-sized enterprises - still play an important role in the German economy. Boasting the title of world champion in exports, the German economy is just as much relying on imports of goods and services as it is depending on export markets for its success. Trade statistics show a steady growth of Germany's foreign trade volume.

(Source: Federal Ministry of Economics and Technology)

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