In 2024, German exports fell 1.7 per cent to €1.65 trillion, while Chinese exports rose 7.1 per cent to more than €3 trillion.
“While Chinese authorities report export growth for the eighth consecutive year, the FRG has been in decline since 2023.”
For 10 years now, industrial production in Germany has also been declining, notes Jens Burhardt, an expert in the field. The main reason is the relative high cost of energy.
“And while Germany is still the technological leader in many areas, it will now have to contend ‘with a competitor that has a much larger domestic market for many modern technologies, can produce products with lower production costs’.”
