Germany's mechanical engineering companies have so far defied the ongoing international trade disputes. In the first half of the year, deliveries of machines "Made in Germany" increased by 4.3 percent compared to the strong first half of 2017 to 86.7 billion euros, the industry association VDMA announced in Frankfurt on Monday. The threat and introduction of customs duties or sanctions, which also affect third parties, naturally unsettle many investors, explained VDMA’s chief economist Ralph Wiechers. "However, this will be reflected in mechanical engineering only with a certain delay."
Many customer projects would be planned on a long-term basis and the orders placed would take several months to complete. In the strong first half of 2017, exports increased by a nominal 5.9 percent - including price increases.
Despite the ongoing trade dispute between the US and the European Union, in the first six months of 2018 the United States was once again the most important single market for German machinery exports - just ahead of China. Exports to the United States increased by 5.5 percent to 9.26 billion euros, while exports to China rose by 12 percent to 9.23 billion euros.
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