What are some successful industries for business

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Industry forms the core of Germany's export strength. Germany occupies a leading position worldwide in many areas such as the vehicle industry, mechanical and plant engineering, as well as the chemical and pharmaceutical industries. This impressively shows the high level of appreciation that products "Made in Germany" enjoy all over the world.

Mastering global challenges, seizing opportunities

Global issues such as climate change, scarcity of resources, the digitization of the economy and society, and demographic change require German industry to be extremely willing to change and adapt, but at the same time offer it great opportunities. Because many of the consequences or side effects of these developments can only be dealt with together with industry. With her skills and her innovative potential, she can make a significant contribution to successfully mastering the great challenges of our time.

For an innovative industrial location Germany

Industry can only continue to guarantee prosperity and economic success if it is competitive - not just in Europe, but worldwide. This requires an innovation-friendly framework that a modern industrial policy can create. What is also important, however, are fair competitive conditions on the international markets, for which the Federal Government advocates, and a future-oriented policy to secure the demand for skilled workers. In order to ensure the future success of Germany as an industrial location, Federal Minister of Economics Altmaier presented the "National Industrial Strategy 2030" on November 29, 2019. Its aim is to work together with the economic players to make a contribution to securing economic and technological competence. In this way, Germany should remain competitive in all relevant areas at national, European and global level

In order to strengthen the innovative strength of the companies based in Germany, it is important to set future-oriented impulses. The promotion of innovation processes should take into account all leading markets and key technologies relevant for Germany. These include, for example, mechanical and plant engineering, microelectronics, production technology, materials technology, bio and nanotechnology, energy and environmental technology, mobility and logistics, healthcare and medical technology as well as information and communication technology. The technological transformation and the constantly increasing exchange of knowledge and information are continuing at an undiminished pace. The production of knowledge and research-intensive goods and services is also significantly influenced by the further development of information and communication technologies. Complex manufacturing processes are increasingly becoming digitally controllable.

Like industry, politics must react openly and flexibly to new challenges so that Germany as a location for innovation and production remains attractive and sustainable in the long term.

Protect the environment and the climate

Industry has a prominent role to play in coping with the economic consequences of climate change, increasing resource and energy efficiency and using renewable energies. The bioeconomy relies on sustainable management in industrial processes with bio-based raw materials and thus on a future-oriented way out of crude oil. On the one hand, environmental protection is a cost factor that should not be underestimated, but on the other hand it also offers new market opportunities.

German industry, in particular mechanical and plant engineering, measurement, control and regulation technology as well as electrical engineering, occupies top international positions when it comes to exports of potential environmental and climate protection goods. On the one hand, it can therefore benefit in a special way from this development, on the other hand, through its know-how, it can also make an important contribution to mastering these challenges. By creating market-oriented and technology-open framework conditions, the BMWi does justice to the special importance of industry in the implementation of the federal government's sustainability strategy. Read more about the federal government's sustainability strategy here.

If the framework conditions for environmental and climate protection are further developed, it is important to avoid distortions of competition to the detriment of Germany as an industrial location. Cost efficiency and proportionality must be taken into account.

European context: achieving more together

Industry is very important in the economic structure of the European Union (EU): it represents over 90 percent of EU exports and over 30 million jobs. A consistent and targeted industrial policy is one of the central tasks of the EU in order to stimulate growth and prosperity in the EU and to guarantee secure and sustainable jobs. The legal framework relevant for industry has been set for a long time to a large extent at European level.

To improve coordination on central industrial policy issues, the industry ministers of various EU member states have been meeting annually for the "Friends of Industry" conference since 2013. In 2017, the federal government hosted the ministerial meeting. Find out more about the topics of European industrial policy.