Group 1: Foreign Trade of Services - The report categorizes Germany's service exports into foreign trade and foreign investment, highlighting the importance of service exports in enhancing overseas revenue for companies [18] - Since 2010, productive service industries, including transportation, information services, and intellectual property usage fees, have been the main contributors to service trade income, indicating a strong integration between service exports and Germany's industrial strength [11][45] - The share of service exports in total exports has shown a gradual increase, rising from 13.4% in 2001 to 19.7% in 2022, with a compound annual growth rate of 7.6%, outperforming goods exports [22][46] Group 2: Foreign Investment in Services - Germany's foreign investment has shifted from manufacturing to services, with a high proportion of service industry investments reflecting structural upgrades in the economy [11][77] - Cross-border mergers and acquisitions have become a primary method for German companies to expand internationally, exemplified by Allianz Group's aggressive overseas acquisitions in the financial sector [82] - SAP, a leader in enterprise resource planning software, has leveraged its technological advantages to expand into international markets, showcasing the successful foreign investment strategies in the information technology sector [85]
当前经济与政策思考:德国服务出海的成功经验
ZHONGTAI SECURITIES·2024-06-20 12:30