Electronic Exports Continue on Steady Growth Path
The German electrical industry recorded an increase in exports in April 2015. As reported by the German Electrical and Electronic Manufacturers’ Association, ZVEI, electronic exports grew by 6.0 percent above April 2014, amounting to a total of 13.5 billion euros. Dr. Andreas Gontermann, ZVEI’s Head Economist stated “exports remain on a growth path, despite having slowed down in comparison to the development of the first quarter.” From January until April 2015, German electronics exports added up to 56.7 billion euros or were 7.2 percent higher than the same period in 2014."
Imports of electrical and electronic products also rose notably in April 2015. During this month, Germany imported a total of 12.5 billion euros in electronic goods, an increase of 13.2 percent from April 2014. In the first four months of the year, imports rose by 12.2 percent to 51.6 billion euros.
Deliveries of electrical and electronic products outside of Germany experienced an above average growth in April 2015. Exports to the European Community rose by 1 percent reaching 4.2 billion euros. Particularly exports to Ireland (+22.2% auf 89.2 billion euros), Italy (+10.2% auf 639.3 billions), Spain (+3.1% auf 403.8 billions), the Netherlands (+3.0% auf 648.7 billions), and France (+0.8% auf 913.1 billion eur.) experienced a moderate to high growth. On the other hand, exports to Belgium (-13.7%), Austria (-6.0%), Slovakia (-5.1%), Greece (-1.5%), and Portugal (-0.7%) fell markedly. Between January and April 2015, exports of electrical and electronic products to the European Union rose by 2.8 percent from the same period last year, reaching a total of 17.9 billion euros.
In April 2015, electrical and electronic exports to third countries exceeded the value achieved in April 2014 by 6.9 percent or 9.3 billion euros. Especially exports to the USA continued rising by 18.0 percent to 1.3 billion euros. In addition, exports to Mexico, Poland, Turkey and Great Britain rose above average by 41.2 percent, 35.8 percent, 27 percent, and 16.3 percent respectively. However, exports to Russia dropped markedly by 220.7 billion euros. This is 40.2 percent below the value reached in April 2014.
In the first four months of 2015 total electrical and electronic exports to third countries amounted to 38.8 billion euros, 8.7 percent above the same period in 2014.