German machinery and equipment manufacturing exports up to 155 billion euros

Germany's '24 Hours News Network' reported that data released by the German Machinery and Equipment Manufacturing Association on February 22 showed that in 2015, despite the impact of the weak Chinese market, due to the strong demand in the internal market of the United States and the European Union, the export value of German machinery and equipment reached as high as 155 billion euros, an increase of 2.6% over the same period last year, and a net increase of 0.9%, excluding price increases, set a new record. In 2015, German machinery and equipment manufacturing exports to China fell by 5.9%, totaling 16 billion euros. For the United States, it increased by 11.2% to 16.8 billion euros. The EU internal market grew by 6.7% to nearly 70 billion euros, with 44.8% of German manufacturing entering the EU market. Due to sanctions against Russia, exports to Russia were only 4.7 billion euros, down 26.8%.