The most crucial vantage point about important is that it brings a lot of countries economically closer to each other. The circulation of foreign money and products along with the inflow of capital only benefits the countries involved in International trade and commerce. The role of import on trade and industrialization has always been an interesting area of business . Historically the advanced nations such as the United States of America, Germany, Spain, Belgium, Japan, Austria, etc. have always enjoyed the privilege of importing goods and services to less developed countries. The role of import on trade and industrialization in Germany has been a much discussed issue of late in the global fraternity of trade and commerce. Germany being a politically and economically stable nation attracts a huge amount of foreign investments every year. The technological growth of this country has always been steady. Apart from technological excellence, Germany has also shown a significant amount of improvement in other realms of business. The role of import on trade and industrialization in Germany has a lot to do with that of the foreign trade policies adopted by the German authorities. The country has always been a steady importer of various finished products such as electronic goods, chemical goods, automobiles and so on. Its global market is huge, with a number of nations dealing in prospective import-export business with Germany.
In 2003 alone, Germany imported a whopping US$601.4 billion of merchandise, while imports of products and services amounted to US$773.4 billion. The main products were motor vehicles (US$64.4 billion), chemical products (US$63.2 billion), machinery (US$41.8 billion), oil and gas (US$39.9 billion) and computers (US$30.5 billion). In 203 the notable import partners of Germany were France (9.0%), the Netherlands (7.8%), the United States of America (7.3%), Italy (6.1%), the United Kingdom (6.1%), Belgium (4.9%), China (3.8%) and Austria (3.8%).
As far as exports are concerned, Germany in 2003 exported an astonishing US$748.4 billion of merchandise, with exports of goods and other services summed up to US$873.3 billion. The main products that were exported included automobiles (US$145.5 billion), machinery (US$103.0 billion), chemical products (US$92.9 billion), electrical goods and accessories (US$36.2 billion) and telecommunications technology (US$35.1 billion). France (10.6%), the United States (9.3%), the United Kingdom (8.4%), Italy (7.4%), the Netherlands (6.2%), Austria (5.3%), Belgium (5.0%) and Spain (4.9%) were some of the mentionable export partners of Germany.
The statistics throw up a crucial factor that is for everyone to see. It only supports the grounding principles related to the role of import on trade and industrialization in Germany and other developed nations.
