Final answer:
The German economy primarily exports manufactured goods such as automobiles, machinery, metals, and chemical products, as well as eco-friendly technologies. Its exports account for about 50% of its GDP, highlighting the importance of international trade to its economy.
Step-by-step explanation:
The export structure of the German economy is heavily inclined towards manufactured goods. Germany is renowned for its automotive industry, machinery, metals, and chemical products. These sectors exemplify the country's engineering excellence and quality focus, making German products highly sought after internationally. Germany also leverages its strong manufacturing base to produce eco-friendly technologies such as wind turbines and solar power technology.
Germany exports about 50% of its GDP, indicating that its economy is significantly driven by foreign trade, in contrast to the United States, which exports 14% of its GDP. This high export ratio underlines the competitiveness and global demand for German products and services. Moreover, the service sector, including finance and tourism, plays an essential role in the economy with prominent companies like Deutsche Bank and tourist attractions like the Black Forest and Oktoberfest contributing significantly to the national income.
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