Despite customs dispute: Electrical industry significantly increases exports in the first half-year
The German electrical industry is making significant gains in its foreign business - despite the customs dispute with the US under Trump. The important industrial sector can rely on one region in particular.
Germany's electrical industry increased its exports by 9.3% to 138.5 billion euros in the first half of the year, despite the trade dispute with the US. Exports in June alone rose by 18.3% to 24.5 billion euros. The US remained the largest recipient of German electrical exports, although shipments there fell by 2.1% to 12.4 billion euros.
Exports to China, the second most important export market, grew by 1.6% to 11.4 billion euros, while strong business with EU countries such as the Netherlands, France, and Poland supported the industry. Imports of electronic goods to Germany rose by 7.7% to 143.8 billion euros, with China being the main supplier.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
