In the first half of the year, the export of machinery manufacturing industry in China grew rapidly to become the largest market

In 2011, in the first half of the year, Germany’s second pillar industry saw a booming machinery manufacturing industry with a rapid growth in export volume, which was almost equal to the impressive record in 2008: the German Machinery and Equipment Manufacturers Federation (VDMA) announced a few days ago The total export of industrial products was 68.9 billion euros, an increase of 18.2% compared with the same period of last year. Among them, China’s market share has increased significantly from 13.5% to 41.5%, making it the world’s largest exporter of German machinery manufacturing. The United States, France, Russia and Italy rank second to fifth. However, Germany’s exports to OPEC countries decreased slightly by 2.7%, accounting for 4.1% of the total export volume.

It is reported that before the German machinery manufacturing industry in the first half of 2008 had a record of 72.9 billion euros in the highest value of exports, and in 2009 this figure dropped to 56 billion euros. However, the development prospects of the German machinery manufacturing industry are still not very optimistic. Compared with other countries, exports to European cooperative countries have only grown by 1%. Economists believe that the euro zone debt crisis has dampened the confidence of European business cooperation, and SMEs will bear more pressure in the future.

In addition, VDMA Chief Economic Adviser Ralph also said: Taking the first quarter of 2011 as an example, despite the fact that exports increased by 20.9% compared with the same period of last year, this reference benchmark is the absolute low period of the economic crisis.