Robust post-Covid rebound but limited tailwind in the longer run

Last update – November 2021
Business environment risk
Political risk
Commercial risk
  • High barriers to entry

  • Structural growth and innovation

  • Scope of end markets and geographies
  • High degree of cyclicality

  • Interlocking supply chain dependencies

  • Capital intensity

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Country   Role Sector risk
China

#1 Producer
#2 Exporter
#2 importer


Sensitive risk
United States

#1 Importer
#2 Producer
#3 Exporter


High risk
Germany

#2 Exporter
#3 Importer


Sensitive risk
Ano Kuhanathan
Allianz Trade