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Export markets of the German machinery industry until 2018 Q1

Machine exports to BRIC countries slightly increased in first quarter 2018

Against the backdrop of the analysis “The shift in the export markets has been turning back up to 2017” 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 May 25th, 2018 - 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. This shift back accomplished in 2017.

The main export countries for the German machinery industry from 2008 to 2018 Q1.

USA remains ahead of China, export shares of both slightly increased

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.

 

Since 2015 the export share for machines to the USA has been becoming higher than that to China. In first quarter 2018 export shares to both countries increased slightly to 10.5% (USA) and 9.9% (China).


Machine exports to Russia increased in the wake of the world economic crisis to over 5% in 2012. Since then they plunged to 2.8% in 2016 and reached 3.1% in 2017 and in first quarter 2018.

The exports of the German machinery industry to China, Russia and the US from 2008 to 2018 Q1.

Machine exports to smaller export countries mainly lower in first quarter 2018

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 of the German machinery industry to Turkey, Brazil, Japan, India from 2008 to 2018 Q1.

The exports to these seven countries with export shares of each below 5% had summed up to altogether 6.1% in 2017. This export share dropped to 5.7% in first quarter 2018.

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