KfW Internationalisation Report

    KfW Internationalisation Report

    Annual report on the international activities of German SMEs with regard to their sales and procurement markets, based on the KfW SME Panel.

    KfW Internationalisation Report 2025 – SMEs’ international business stagnates in difficult environment – US policies are making EU single market even more important
    KfW Internationalisation Report 2024 – International business in times of multiple crises: SMEs achieved a record result in 2022
    KfW Internationalisation Report 2023 – Many SMEs currently perform better than their foreign competitors but see need for action to secure their future competitiveness
    KfW Internationalisation Report 2022 – Ukraine conflict exacerbates global supply bottlenecks and jeopardises recovery of German SMEs’ foreign business
    KfW Internationalisation Report 2021 – Coronavirus crisis sends SMEs’ international business tumbling
    KfW Internationalisation Report 2020 – German SMEs' foreign trade – economic impact of coronavirus crisis eclipses concern over trade conflicts

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    KfW Research, KfW Group, Palmengartenstr. 5-9, 60325 Frankfurt,

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