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Export markets of the German machinery industry until 2016 Q2

Export markets' shift back to the pre-crisis structure is nearly accomplished in first half-year 2016

Against the backdrop of the analysis “The shift in the export markets has been turning back since 2014 and 2015” the current development of the machinery exports is highlighted. This analysis will continuously be up-dated with quarterly data from the Federal Statistical Office in Germany that are published with a delay of 6 - 8 weeks.

Update September 12th, 2016 - In the wake of the world economic crisis export markets of the German machinery industry turned particularly to China and also to the other developing countries while export shares to the former favored countries EU and the US clearly dropped.

 

Since 2014 export markets have been shifting back favoring those export countries that had been determining before the world economic crisis: the EU and the USA.

 

  • Significant increase of the export share to the EU from 44% (former trough) to 50% this year. The pre-crisis level is at 52%.
  • Machine exports from Germany to the BRIC countries are with 14% close to the level of 2008 (15%).

The main export countries for the German machinery industry from 2008 to 2016 Q2.

USA remains ahead of China in 2016

Each of the three countries China, USA and Russia take 5% or more of the machine exports from Germany. So these countries are outside the EU the most important export markets.

 

In 2015 for the first time since the world economic crisis the export share to the USA was higher than that to China. Machine exports to China have been removing step by step from their peak in 2011 (11.5%) to a new trough of 8.5% resp. 8.2% in first half-year 2016.


In contrast, machine exports to the US have been growing since their low in 2009 up to their peak of 10.5% in 2015. This value increased to 10.7% in first quarter 2016.


Machine exports to Russia increased in the wake of the world economic crisis to over 5% in 2012. Since then they have nearly been cut in half to 2.7% compared to their pre-crisis level.

The exports of the German machinery industry to China, Russia and the US from 2008 to 2016 Q2.

In 2016 exports to smaller export mainly on the level of previous year

Each of the MIST countries Mexico, Indonesia, South Korea and Turkey take less than 5% of the machine exports from Germany. That is also true for Brazil and India belonging to the BRIC countries. Finally a small portion of machine exports from Germany is taken by Japan.

 

The exports to these seven countries with export shares of each below 5% had indicated a change of direction to the downside in 2014 after the exports to these countries had been increased by and large since 2008.

The exports of the German machinery industry to Turkey, Brazil, Japan, India from 2008 to 2016 Q2.

This indicated change of direction was replaced by a mixed picture in 2015. In first half-year 2016 exports to Turkey, India, Brazil, Japan, and Indonesia remain on the level of previous year.

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