Germany Trade and Invest

Turbulent Oil Prices Can't Halt German Freight
2011 WERC Conference

Berlin / Orlando (ots) - German exports rose to an all-time high of EUR 98.3 billion in March, according to new data released this week. Germany's logistics industry is in position to further gain from this momentum. Air freight handled in Germany grew by a record 21 percent to reach over 4.4 million tons in 2010. These developments confirm Germany's attractive investment environment despite turbulent oil prices and an uneven global economic recovery. Germany Trade & Invest will have representatives at this year's WERC Conference from May 15-18 in Orlando, Florida, to share the latest business opportunities in Germany.

"Germany is well known for efficiency and speed. The logistics industry is no exception. Utilizing the country's world-class infrastructure and central location in Europe, it's no wonder companies choose to locate their European distribution centers here," states David Chasdi, logistics industry expert at Germany Trade & Invest.

Germany's infrastructure occupied the top spot worldwide in the World Economic Forum's Global Competitiveness Report and the World Bank's Logistics Performance Index in 2010. The country's dense air, rail and waterway network has led to an industry that generates over EUR 200 billion in revenues annually and drives the German export machine. Goods shipped to China, the United States, and Germany's European neighbors were a key factor in Germany's economic rebound, ultimately leading to record GDP growth in 2010.

Companies like DHL, UPS, and IKEA have all chosen Germany for their European headquarters, while others like Amazon, FedEx and Unilever have major operations in the country. Amazon recently announced the construction of two additional large-scale distribution facilities in Germany that are slated to open by year's end.

Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.

Contact:

Germany Trade & Invest
Andreas Bilfinger
Email: andreas.bilfinger@gtai.com
T: +49(0)30 200099-173
F: +49(0)30 200099-111

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