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Bavarian foreign trade at all-time high again in 2011: Secretary of Commerce Mr. Zeil underlines success of Bavarian economic model

12.03.2012



“Bavarian exports have reached an all-time high. No other state in Germany is as internationally competitive as Bavaria,” rejoices Mr. Zeil. Compared to the preceding year, exports climbed 11 percent to 159.8 billion euros. Imports increased 12.8 percent to 146 billion euros. As usual, automobiles were Bavaria’s number one export product with an increase of 11.2 percent to 50 billion euros. Together with the export of machines (+12.1 percent) and electro technical and chemical products (+8.5 and +7.0 percent respectively) these trade groups dominate Bavaria's foreign trade and represent about 75 percent of total exports.

Growth markets such as Asia as Eastern Europe (Russia: +41.7 percent) were the driving force behind these increases. But trade with China, where Bavarian exports already surged in 2010, also rose another 21.5 percent in 2011. China has therefore become Bavaria’s second most important export partner, following the US (+12.2 percent).

“Recent numbers prove the competitiveness of Bavarian enterprises. Their product range is perfectly geared to the needs of our clients all around the world”, Mr. Zeil emphasizes. “The Bavarian business model with its strong industrial base and its high degree of internationalization is and will continue to be a successful model. We have to hold on to that.”

Mr. Zeil says the government of Bavaria will continue to help Bavarian enterprises access and compete on global markets. It is Mr. Zeil’s primary goal to stimulate exports of middle-class firms: “Our unique network of 23 offices that represent the State of Bavaria all around the world help Bavarian enterprises access new export markets. Their local expertise and contacts are particularly helpful to middle-class firms who are new to the export market,” Zeil explains.

Source: www.stmwivt.bayern.de/ (in German)