Industria meccanicaEsportazione > Exports of the machinery industry

Export markets of the German machinery industry until 2019 Q1

Gap between machine exports to the US and China peaks in favor of the US

Symbol picture trade war

This report completes the analysis of the structure of machine exports from Germany “The shift back in the export markets has been accomplished since 2017”. Against this backdrop this analysis highlights the current quarterly development of the worldwide machine exports from Germany.

Update June 21st, 2019 - 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 prevailed before the world economic crisis: the EU and the USA. This shift back accomplished in 2017 and determined export structure in 2018. This development has still deepened in first quarter 2019.

The export share of machines from Germany to the EU is at 51%. Before the crisis the share was 52%. And the machine exports to the BRIC countries shAgainst this backdrop the export share to the BRIC countries have dropped to 15%, the same level as ahead of the crisis.

Export shares of German machines to EU, BRIC, MIST countries and the US and Japan from 2008 to 2019.

Machine exports to the US cleary ahed of those to China

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 the first quarter 2019 the gap between the two export shares has reached its highest level since 2008 with 1.7 percentage points.

Machine exports to Russia increased in the wake of the world economic crisis to over 5% in 2012. Now they have plunged to their lowest level since 2008 with 2.6%.

Export shares of German machines to China, Russia, the US from 2008 to 2019.

Machine exports to smaller export countries mainly lower in first quarter

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.

Export shares of German machines to Turkey, Brazil, Japan, India from 2008 to 2019.

The exports to these seven countries with export shares of each below 5% had summed up to altogether 9.7% in 2018. This export share dropped to 9.4% in first quarter 2019.

Machine exports from Germany are often lagging behind the export countries' industrial production

A separate report shows that machine exports from Germany are often lagging behind the industrial production of the related export countries.

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