Abstract Introduction: The German Machinery and Equipment Manufacturers Association announced that orders for the industry's harvest in July fell by 3% year-on-year, with the domestic sector increasing by 10% and the foreign sector shrinking by 9%. Affected by global economic environment factors, the total export volume of German machinery manufacturing industry in the first half of this year decreased by 3...
The German Machinery and Equipment Manufacturers Association announced that orders for the industry's harvest in July fell by 3% year-on-year, with the domestic sector growing by 10% and the foreign sector shrinking by 9%. Affected by global economic environment factors, the total export volume of German machinery manufacturing industry in the first half of this year fell by 3.2%. Â Â Â Â Â The German Machinery and Equipment Manufacturers Association recently said that due to global economic and environmental factors, the total export volume of German machinery manufacturing in the first half of this year fell by 3.2% year-on-year, which may break the trend of export growth of the industry for three consecutive years.
    According to the data released by the association, the German machinery manufacturing industry achieved a total export of 73.5 billion euros (about 98.4 billion US dollars) in the first half of this year, of which exports in the first quarter fell 5.8% year-on-year and 2.2% in the second quarter. The association said : Nearly all major export markets in the German machinery manufacturing industry contracted in the first half of the year.
     Specifically, in the first half of this year, the export volume of German machinery manufacturing to the European market decreased by 3.3% year-on-year; the Asian market shrank by about 4% year-on-year, of which exports to India fell sharply by 15.6%; the export to the US also stagnated, and the North American market shrank. About 2%.
     Ralph Wischers, chief economist of the association, said that the trend of decline in German machinery manufacturing exports in the second half of the year is expected to continue, but the decline may slow down, as some leading indicators show that the overall economic environment will improve in the second half of the year. .
    Germany is the world's largest exporter of machinery and equipment, and German machinery manufacturing is also the industry that creates the most jobs in the country. Since 2003, the output and export volume of the industry in Germany has continued to rise, but it was frustrated by the crisis in 2009. Since then, it has grown for three consecutive years and resumed pre-crisis levels in 2012.
    In 2012, the German machinery manufacturing industry achieved sales of about 207 billion euros (about 277.1 billion US dollars), of which about three-quarters were export earnings, creating an import and export surplus of about 93 billion euros (about 124.5 billion US dollars). ).
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