United States of America

How is the U.S. economy structured?

The U.S. economy is highly diversified and characterized by a strong capacity for innovation and competitiveness. The United States is among the world’s leading exporting nations.
Key industries include energy, automotive, telecommunications, aerospace, chemicals and electronics. In addition to traditional industrial centers, the country is home to numerous highly innovative technology and research clusters that rank among the world’s leading locations for development and entrepreneurship.
The metropolitan regions on both the East and West Coasts, as well as selected locations in the Midwest, play a particularly important role in shaping the country’s economic dynamism.

What business opportunities does the United States offer?

Business opportunities are particularly strong in technology-driven and innovation-oriented sectors.
Promising opportunities exist in information and communication technologies (ICT), digitalization, cloud and platform technologies and data-driven business models.
ICT has long been a key driver of the country’s economic growth and business opportunities. Among the most promising segments are cloud computing, big data, Software-as-a-Service (SaaS),and Platform-as-a-Service (PaaS).

Additional market opportunities can be found in the life sciences sector, particularly biotechnology, medical technology and healthcare innovation. The mobility and automotive sector (home to the world’s second-largest automotive market after China) also offers significant potential through the increasing integration of vehicles, software and mobility solutions. Furthermore, the United States provides extensive business opportunities in renewable energy, energy infrastructure and energy efficiency.

Due to the country’s diverse regional economic structures, industry-specific market opportunities and specializations vary considerably by state and metropolitan area.

What are the economic relations with Bavaria and Germany?

The United States is one of Bavaria’s most important international economic partners and has been the Free State’s leading export market for many years. Bavarian companies primarily export machinery, vehicles, electrical engineering products, chemical products and pharmaceuticals to the United States.

At the same time, the United States is among the most important sources of foreign direct investment in Bavaria. Economic relations are characterized by close industrial and technological integration as well as substantial bilateral investment flows. In addition, numerous collaborations in research, technology and science further strengthen transatlantic economic ties. More than 350 university partnerships between the United States and Bavaria illustrate the depth of these research connections. In 2000, for example, Bavaria established the Bavarian-California Higher Education Center (BaCaTeC) to support joint research projects between Bavarian and Californian universities in the fields of life sciences, environmental technology, ICT and mechatronics.

As a result, the United States is of central importance to the Bavarian economy both as a sales market and as a location for innovation and investment.