The German Engineering Federation VDMA announced in Frankfurt this month that its 3,000 member companies sold engineering products worth EUR97.8 billion to foreign customers in 2004 that is an increase of 12% over the previous year.
The industry is benefiting from a growing demand particularly in India, the near and Middle East and Russia. The German share of the world engineering trade increased within one year from 19.1 to 19.3%; Japan's quota in 2004 was 13.3%, the USA came third with 12.4%.
According to the VDMA, Germany is the market leader in 21 out 31 branches of the world's engineering industry. In the power systems and engines sector, Germany's export volume in 2004 was EUR7.3billion, which represents one quarter of the world market total.
This is followed by printing and paper manufacturing machines (32% of German exports), lifts / conveyor installations (20%), and foodstuffs and packaging machinery (27%). The upward trend progressed in 2005 with exports rising by 8.9% between January and April.
The German engineering industry is very much dominated by highly innovative and flexible small and medium size, mostly family-owned enterprises. More than 70% of the VDMA member companies have fewer than 300 employees.
Browse
related articles
German engineering stays the national champion
- Germany: Saturday, July 23 - 2005 at 12:19
Germany's engineering industry continues to be the world's number one exporter of machinery and industrial plant, with the Middle East at top market.
Related stories
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Wolfram BielensteinSaturday, July 23 - 2005 at 12:19 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Sat Mar 10 2007.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
It looks like you are using a Mac - check out our 
Web Feeds