VDMATrend reversal in machinery exports to Russia
Last year brought a turnaround in business with Russia for German mechanical engineering companies. For the first time in four years, machinery exports were back in the black in 2017. However, the VDMA is only cautiously optimistic about future developments.
© Statistisches Bundesamt, VDMA
... 22.5% more than in 2016. Growth was broad-based in 2017, according to the industry association. However, sanctions and a lack of structural reforms are dampening expectations. The sanctions imposed by the EU and the USA are still preventing business relations from normalizing.