Australia exports three billion dollars' worth of goods to Germany each year.
Despite Germany's position as the world's fourth-biggest economy, and the biggest in Europe, Australia exports more to 16 other markets than to Germany.
Finance Minister Mathias Corman flies to Berlin next month.
As chair of the new Australian-German Advisory Group - set up to increase trade between the two countries - Senator Cormann believes Germany has a lot to offer about better ways to do business.
"We can learn from Germany on how to do better in translating high-quality research outcomes into high-quality commercial outcomes."
Describing the country as the "economic locomotive" of Europe, Prime Minister Tony Abbott announced the joint working group with Chancellor Angela Merkel at the Brisbane G20 last year.
The 15-member group includes Australian and German government heads, business leaders and academics - all working together to improve relations.
The Prime Minister hopes to strengthen ties in investment, trade and scientific research.
Tony Abbott says although trade between the two countries does exist, more needs to be done.
A few years ago Germany was Australia's tenth-largest merchandise trading partner, with trade topping $13-billion.
However Mr Abbott says only $2-billion of that figure was for exports.
"We've got strong two-way trade, but it could be stronger. We've got strong two-way investment but it could be bigger. The relationship between Australia and Germany is strong and warm but I think it could be better developed."
Gold coins make up the majority of Australia's exports to Germany - other trade includes precious metals valued at $306 million.
Nobel physics laureate Brian Schmidt, the next vice-chancellor of the Australian National University, is thrilled to be one of the group's members.
He says Germany leads the world in in successful scientific and commercial research and collaboration.
Professor Schmidt says Australia too is a leading light in scientific research, and he hopes the relationship betweeen the two nations will continue to strengthen.
"So I had an interesting call from the Finance Minister, and when the finance minister calls you up you certainly want to take that call. Germany is dominated by small-to-medium enterprises (SME) and their small-to-medium enterprises are actually pretty large by Australian standards. But they're very good at integrating what's going on in the research sector, these SMEs. So we have lots to learn. This is something we haven't done very well."
He joins Lucy Turnbull, the wife of Communications Minister Malcolm Turnbull, who also serves as Honorary President of the Australian-German Chamber of Commerce.
Ms Turnbull is excited for what next month's meeting in Berlin will offer.
"There is so much great start-up culture there in the technology space and scientific space, there is a huge potential for greater collaboration between Australia and Germany and between cities like Berlin and Sydney, Berlin and Melbourne."
But Finance Minister Cormann says the relationship is about more than just trade links.
He says the two countries share a long history and that history can become the building block for the future.
"To increase people-to-people contacts, to increase our cultural interactions, our engagement with each other on research, science, higher education."
Following the meetings in Germany, the working group will put an action plan to both country's leaders.
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