Partner Country Japan

ITC trade with Japan is growing once again

To mark the opening of CeBIT, Bitkom President Thorsten Dirks presented the latest sales figures for ITC products and services: A new day is dawning in the trade exchange with the land of the rising sun.

27 Mar. 2017
ITK-Handel mit Japan
(Source: Bitkom)

The economic data from the industry association focuses on the relationships between Germany and this year’s partner country, Japan . According to this, the import of products from the information technology, telecommunication and consumer electronics sectors increased by 11% in the past year to a volume of around 1.5 million Euros. There was already an increase in imports to Germany in 2015, while there was still a heavy decrease logged in both 2013 and 2014. The export of German ITC products to Japan has also been on the up again since 2014; it has grown by 5% in the past year to 284 million Euros.

Japan is second only to the USA in terms of the world’s highest number of high-tech companies. Out of the 100 highest-selling companies, around one quarter comes from the far-eastern country; while Germany and Europe as a whole are underrepresented in this sector. But the German ITC industry is not only showing a clear upward trend in trade with Japan. Bitkom expects sales to increase by 1.3% this year and reach 161.4 billion Euros. The number of employees is due to increase by 21,000 to 1,051,000. This would make the sector the second largest industrial employer after engineering and ahead of the automobile industry.

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