What Is the Secret of Germany's Success in Manufactured Exports?

Germany is always mentioned when discussing global export successes in manufactured and value add goods. Many people may ask what is the secret of their success. One thing is certain - the German manufactured export success is not magic, it results from hard work, long-term vision and commitment.

One of the reasons explaining such a success is the fact that manufacturing in Germany is at the higher end of the value chain. This sector represents over 21% of the country's economy, which is nearly double that of Britain and more than 1/3 more in percentage terms than the United States.

The manufacturing sector creates more than 300,000 well paid positions of long term employment for German workers and many more other jobs. More than 1,000 small medium German manufacturing companies (some of them with employee numbers of less than 250) are world leaders in their chosen technical niche. This SME sector is growing in size and generating yet more technically innovative enterprises that produce quality manufactured goods for export.

Another reason is that from the late 1800s German engineering has been at the global forefront of standardising weights and measures, precision engineering, metallurgy, machine tools, chemicals, optics, automotive, aeronautical, rocket science, plastics etc.

German economic and manufacturing success is a result of its people ingenuity, organisation, discipline, commitment, collaboration and trust between Government, workers, unions, banks and research institutes, but also due to hard work and long-term vision. The secret is unveiled!

Source:
http://www.dynamicexport.com.au/export-market/articles-export-markets/Why-Germany-is-so-successful-with-manufactured-exports/