Fastener Shanghai
fastener
Official WeChat
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->China remains single largest market for products o...You are the 582483 visitors
Views:574   |   recommendation:   |   Votes:0   |   Discuss:0
China remains single largest market for products of German electrical industry in 2018:ZVEI

An employee operates the working system in Infineon's smart factory in Dresden, Germany. [Photo provided to China Daily]

China remained the single largest market for products of the German electrical industry in 2018, the German Electrical and Electronic Manufacturers' Association (ZVEI) announced on Wednesday.

The value of products export increased by 10.3 percent to 21 billion euros. The second largest market was the United States, which imported German electrical exports worth 17.8 billion euros in 2018, according to the announcement.

"The already successful cooperation" between Germany and China on many future subjects such as artificial intelligence could be further strengthened, according to Chairman of the management board of ZVEI Klaus Mittelbach.

European countries such as France, the Netherlands and Britain are also among the most important markets of the German electrical industry.

In general, exports of electronic goods from Germany grew by 5 percent to 211.9 billion euros ($240.2 billion) in 2018, despite a slight decline towards the end of the year, the ZVEI said.

In December 2018, the value of German exports amounted to 15.8 billion euros, a slight decline of 0.3 percent compared to the same month last year. "It was the first decrease since July 2016", ZVEI chief economist Andreas Gontermann stated.

Imports of electronic goods increased by 4.4 percent to 191.1 billion euros in 2018, making Germany's export surplus reach 20.8 billion euros. However, towards the end of the year 2018, imports also fell by 0.7 percent in a year-on-year comparison.

In January, ZVEI announced that the German electrical industry is set to increase production by 1 percent with total sales exceeding 200 billion euros in 2019.

Source: Xinhua

2019/2/27 15:39:00

Previous:    China's mechanical industry to maintain steady growth
        Next:    ITAC Announces Final Results on Imported Hexagon Screws

Recent Related News
Factory activity remains mostly robust in Feb--2019-03-13
China's heavy equipment sales maintain double-digit growth--2019-01-18
German manufacturing industry hit by weak euro zone trade--2019-01-09
China to speed up development of advanced manufacturing--2018-12-29
China to expand advanced manufacturing, domestic market: Official--2018-12-24
China's industrial sector maintains stable operation: survey--2018-12-13
China's industrial robot output up 8.7 pct in Jan-Oct--2018-12-10
Manufacturing PMI narrows in Nov--2018-12-07
China's excavator sales grow 44.9% in October--2018-11-12
China sees fast growth in industrial robots production--2018-07-30
China's new energy power generation sees faster growth--2018-07-19
China's wider manufacturing opening up benefits world--2018-05-23

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener2fastener

Fastener Trade Show Suzhou


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

•WIN EurAsia, Mar 14-17, 2019, Istanbul, Turkey

•Fastener Fair Stuttgart, Mar 19-21, 2019, Stuttgart, Germany

•Fastener Fair India, Apr 25-26, 2019, Mumbai, India



Show Room



Offer Product

Latest News
• China Export Tax Rebates for Fasteners Increased to 10%

• Italian experts boost Zhejiang manufacturing

Buyers' Guide
Company News

• Donglong Metal Mold Machinery: Focus on Quality, Talents and Brand

• Shanghai Fast-Fix: To Be the Preferred Supplier of Fastening Solutions to Automotive Industry Worldwide

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener