VDMA
Trend 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.
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Figures on machinery exports to Russia
After four years of decline, 2017 brought a turnaround in business with Russia for mechanical engineering companies from Germany. Last year, they sold significantly more machines and systems to Russia than in the previous year.
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The robotics and automation industry in Germany achieved a record sales volume of EUR 14.5 billion in 2017 - an increase of 13% compared to the previous year. For 2018, the VDMA is forecasting industry growth of 9% to €15.8 billion.
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VDMA expects significantly higher production for 2018
At the VDMA's economic press conference, association president Carl Martin Welcker announced an increase in the production forecast to 5%. This increase is based, among other things, on good demand prospects in the German mechanical and plant...
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Global machine sales figures for 2017
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USA remains largest export market
In 2017, exports of German machinery increased by just under 8%, according to VDMA Chief Economist Dr. Ralph Wiechers. The USA defended its top position in the export rankings, just ahead of China. The biggest winner is Mexico. The UK is one of the...
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