The uncertainties in the world trade to grow. German mechanical engineering company, but at least so far unimpressed. In the past year, they set another Export record.
Machines “Made in Germany” are in Vogue, the Figures show that: the value of The exports of the German machine builders climbed in comparison to the previous record year of 2017, to 5.3 percent 177.8 billion euros, as the industry Association VDMA in Frankfurt reported.
At home, little deserves
In terms of production, the export rate increased in order to 79.2 percent. This means that the German mechanical engineering sector has almost redeemed four out of five Euros abroad. The most important export market, the USA remained with a volume of 19.25 billion euros, slightly ahead of China 19,06 billion euros. Almost half (47.2 percent) of all German machinery exports went to the EU with France as its largest single customer.
After the UK, the German company delivered machines to a value of 7.7 billion euros, an increase of 5.1 per cent and the equivalent of rank 5. Directly in front of the possible Brexit it could be here to see so-called anticipatory effects, said VDMA chief economist Olaf Wortmann.
haz/as (AP, rtr)