ZVEI Foreign Trade Report February 2017 - Interactive

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E&E Exports and Imports

Exports of the German Electrical and Electronic Industry have grown dynamically in December 2016, too. Altogether they rose by 9.0% (year over year) to €15.2bn. It has been the highest December figure ever reached. In the complete last year the sector’s deliveries to foreign countries exceeded their 2015 level by 4.4%. With it, they came to €182.1bn. Therefore, in 2016 the domestic E&E Industry’s exports achieved an all-time high for the third year in a row.

Imports of electrical and electronic products to Germany soared by 10.3% (again year-on-year rate) in December 2016. They mounted up to €14.1bn. From January through December of last year imports increased by 3.4% to €166.2bn, leaving them 3.4% higher than a year earlier. Here too the third consecutive record level has been reached.

E&E Exports to Top Ten Receiving Countries

With an increase of 8.3% to €16.3bn China took over the lead from the USA (+2.0% to €16.1bn) in the 2016 ranking of the German E&E Industry’s top ten customer countries.

France (+0.6% to €11.8bn) maintained position three, followed by the United Kingdom (+1.7% to €10.0bn) and the Netherlands (+2.5% to €9.1bn). The rest of the top ten ranking remained unchanged as well. Positions six to ten were occupied by Poland (+3.2% to €8.7bn), Italy (+7.0% to €8.6bn), Austria (+4.9% to €8.2bn), the Czech Republic (+10.0% to €7.9bn) and Switzerland (+3.6% to €6.5bn).

E&E Exports to Top Ten Receiving Countries 2016

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Source: Destatis and ZVEI’s own calculations

With it, again eight of the ten largest customers of the German E&E Industry in 2016 were European countries, among them four euro zone members.

As in 2015, the sector’s exports to the group of industrialized countries (+4.7% to €119.8bn) increased a bit more strongly than deliveries to the emerging economies (+3.8% to €62.3bn).

Highest Export Increases and Decreases in Absolute Terms by Countries 2016

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Source: Destatis and ZVEI’s own calculations

Highest Absolute Increases and Decreases in Exports

Measured in absolute terms, the German E&E Industry’s exports picked up by €7.6bn in 2016.

The biggest contribution to this increase came from exports to China (+€1.3bn), followed by the sector’s deliveries to Poland (+€1.1bn), the Czech Republic (+€718m), Hungary (+€581m) and Italy (+€565m). Put another way, Eastern Europe once again contributed substantially to the domestic E&E Industry’s export growth.

In contrast, comparatively large absolute declines were recorded for the sector’s last year’s exports to Malaysia (-€391m), the United Arab Emirates (-€290m), Saudi Arabia (-€267m), Ireland (-€139m) and the Philippines (-€94m).

*) Export basket (€ performance vis-à-vis weighted basket of currencies of 10 most important receiving countries out of € area: USA, China, United Kingdom, Switzerland, Russia, Czech Republic, Poland, Sweden, Hungary, Turkey)

**) Production basket (€ performance vis-à-vis weighted basket of currencies of 10 most important E&E production countries out of € area: China, Japan, USA, South Korea, Taiwan, Brazil, Singapore, Russia, Malaysia, Mexico)