Press release
Machine exports to China again ahead of the USA - for the first time since 2014
Machine exports to China, the US and Russia 2008 - 2018 Q2
Machine exports to China saved the German mechanical engineering industry from a sudden crash in the global economic crisis of 2008/2009. The export ratio to China climbed from 6.6% to 9% in the crisis, then 10.7% and reached its previous peak of 11.5% in 2011. At the same time, machinery exports to the USA, the number one export country outside the EU, fell from 7.8% to 7.0% and then rose again slightly to 8.1% by 2011.
Since 2014, export markets have shifted back to the pre-crisis level, a backward shift that was completed in 2017.
Machinery exports to the USA exceeded those to China again in 2015. The ratio of machinery exports to China fell continuously and reached its lowest level to date in 2016 at 8.6%, while that to the USA rose and has remained above 10% since 2015.
The Quest Report on the global export markets of German mechanical engineering is available on https://www.quest-trendmagazine.com/en/machinery-industry/exports/exports-of-the-machinery-industry.html
Other reports shed light on the absorbing power of export countries in regard to industrial production and the concentration of exports in mechanical engineering industry. An overview of these reports is available on https://www.quest-trendmagazine.com/en/machinery-industry/exports.html
About Quest Trend Magazine:
Quest Trend Magazine publishes trends in automation from the users's point of view mainly in machinery industry, automotive and F&B industry. The economic backdrop of these trends is highlighted as well.
The trends in automation technology are based on market surveys by Quest TechnoMarketing. The economic backdrop is analyzed by Quest Research, a department of Quest TechnoMarketing.
About Quest TechnoMarketing:
Quest TechnoMarketing, Bochum, London, is specialized in market surveys and marketing for the automation technology for more than 20 years and the publisher of the Quest Trend Magazine.
Thomas Quest
Quest Trend Magazine
Dibergstr. 64
44789 Bochum, Germany
Phone +49 234-34777
Fax +49 234-33 22 02
Email: media@quest-trendmagazine.com
Internet: https://www.quest-trendmagazine.com
Quest TechnoMarketing
Thomas Quest
Dibergstr. 64
44789 Bochum, Germany
Phone +49 234-34777
Fax +49 234-33 22 02
Email: media@quest-technomarketing.com
Internet: https://www.quest-technomarketing.com
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