three quarters of German exports were to European countries. 63% of all
exported German goods were delivered to
the member states of the European Union.
the second most important market for German export goods in 2009,
trailed far behind with 14% of German exports. The US accounted for
10%.. Africa and Oceania (including Australia) accounted for only 2% and
1% of German exports.
In terms of imports Germany was almost equally Europe dominated. 71% of Germany's imports came from Europe, with 18% from Asia and 9% from the US. Goods from Africa and Oceania represented just 2% and 0.4%, of Germany's imports.
Germany's economy, in short, is not really a balanced 'international' one - in particular in an economic downturn. It is, in export terms in particular, a European continental economy with secondary add ons in Asia and the US.
What implications flow from this?