Compared with August, the German machinery export value has increased in September by a nominal 3.6% to 12.7 billion. In the 3Q, exports inched 0.9% higher to 37.6 billion, reports the German Engineering Federation (VDMA).
Exports to the USA ( 3.9 billion, +13%) represent the largest improvement in the 3Q. 11% of exports were US-bound. Yet with 4.4 billion (+2.8%), China remains the single most important market for German machines.
Exports to the USA ( 3.9 billion, +13%) represent the largest improvement in the 3Q. 11% of exports were US-bound. Yet with 4.4 billion (+2.8%), China remains the single most important market for German machines.