The largest expanding markets for German exports are in Asia and Eastern Europe

For 2010 positive stimulus is once again to be expected from exports. According to a forecast by the Ifo Institute, a 10.8% increase of German exports is expected, with growth attributable to the increasing demand from the newly industrialized countries in Asia. The eurozone and the UK as traditional customers of German goods will not maintain their shares in overall German exports. Emerging economies in China, India, Brazil, Poland and Russia will increasingly influence German export growth. In order for forecasters to take into account the various developments in different markets, the Institute has developed an export demand indicator. The indicator takes into consideration the economic dynamics in the 25 most important customer countries of German goods.