German machinery exports fell in the first half of 2013
2023-06-14 08:16:37
Abstract In the first half of 2013, Germany exported 73.5 billion euros of machinery and equipment, down 3.2% year-on-year. Wei Xisi, chief economist of the German Machinery and Equipment Manufacturing Federation, said that almost all major sales areas and sales markets have fallen.
In the first half of 2013, Germany exported 73.5 billion euros of machinery and equipment, down 3.2% year-on-year. Wei Xisi, chief economist of the German Machinery and Equipment Manufacturing Federation, said that almost all major sales areas and sales markets have fallen. 
In the first half of the year, machinery exports to Europe, the main sales region, fell by 3.3% year-on-year, with exports to the EU 28 countries down 5.2% to 30 billion euros, and the euro zone down 4.7% to 18.5 billion euros. Exports to Turkey and Switzerland achieved an increase of 12.4% and 3.6%, and exports to Russia fell slightly by 0.2%.
For Asia, which accounts for a quarter of the sales market, export machinery fell 4% year-on-year. Among them, China’s export machinery, which accounts for 11% of the most important foreign markets, fell 4.2% to 8.12 billion euros; exports to India fell 15.6% to 1.4 billion euros; the importance of the Korean market began to surpass India, the first half South Korea’s export machinery was 1.7 billion euros, showing a 13.3% increase.
As the second largest sales market for German machinery, the United States has a market share of 9.4%. After three years of double-digit growth, exports to the United States in the first half of 2013 were suspended, down 2.5% year-on-year. Exports to Canada achieved double-digit growth, with exports to Central America growing by 7% and machinery exported to the entire America down by 2%.
Exports to Africa accounted for 3% of total German machinery exports, with exports of 2.1 billion euros in the first half of the year, up 14.6% year-on-year. The increase was mainly due to the growth of export business in North Africa, which was lower in the previous year due to the crisis.
Machinery exports fell by 2.2% in the second quarter of 2013, significantly lower than the 5.8% decline in the first quarter. Wei Xisi hopes that machinery exports will still be negative growth in the second half of the year. The early indicators of the economy show that the overall economic environment has improved, which will bring more investment. It is expected that the export volume in 2013 will barely reach the level of the same period of last year.
Yhcb Truck Diesel Pump,Truck Diesel Pump,Diesel Pump For Truck Bed,Pneumatic Gear Oil Pump
Hengshui Yuanhan Trading Co.,Ltd , https://www.hengshuiyuanhanpump.com