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04.06.2019

DID YOU KNOW...ABOUT FREE TRADE?

What free trade means for German mechanical and plant engineering - Ten facts and figures

By Anke Henrich

Access to third markets outside the EU is crucial to the high-export mechanical engineering sector. The figures underline the importance of free trade for wealth in Germany and the EU.

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  1. Mechanical engineering companies in Germany exported machinery and systems worth 224 billion euros in 2018.
  2. German machinery exports to euro partner countries rose by 6.3 percent, while those to the EU-28 grew by 6.6 percent.
  3. The Polish market achieved a record 17 percent growth among the 20 most important markets in 2018.
  4. World machinery trade between the 52 most important countries for machinery exports reached 1,061 billion euros in 2017 (6.7 percent more than 2016).
  5. Worldwide machinery turnover in 2018 was 2.6 trillion euros (up 4 percent compared to the previous year).
  6. With turnover of 297 billion euros, Germany reinforced its position as the third-largest machinery producer (up almost 4 percent).
  7. 60 percent of German machinery imports in 2018 came from its EU neighbors, with Italy leading the way (accounting for 9.2 percent of all machinery imports to Germany).
  8. 35% of mechanical engineering exports already go to countries with high import barriers.
  9. German exports secure 8.4 million jobs.
  10. The export quota for mechanical and plant engineering in Germany last year was 79.2%.

Source: go.vdma.org/h34ie

Further information

“Thank you, free trade” campaign

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