In the first 5 months, China has become the fastest growing export market in the German electrical and electronics industry

Polaris Power Grid Online News: According to the German Electrical and Electronics Industry Association (ZVEI) monthly report, in May this year, Germany's electronic and electrical industry exports 12.8 billion euros, an increase of 15.8%; import value of 10.7 billion euros, an increase of 0.6%. From January to May, total exports were 61.6 billion euros, up 14% year-on-year; total imports were 52.5 billion euros, an increase of 8.3% year-on-year. In May, the top target markets for exports were China, the United States, France, Italy, and the Netherlands, with export volumes of 11, 11, 10, 8, and 600 million euros, up 37%, 31%, 7%, and 0.8% respectively year-on-year. %, -7%; From January to May, the total exports to these markets were 49, 50, 49, 40, and 39 billion euros, respectively, an increase of 28% and 26% respectively. 7%, 25%, -8%. From the monthly export value point of view, exports to China in May have slightly exceeded exports to the United States; considering that export growth to China is relatively strong, China is likely to become the largest exporter of the German electronics and electronics industry in 2011.

In May, the German electronics and electrical industry realized a turnover of 15.1 billion euros, an increase of 19.6% year-on-year; from January to May, the total business turnover was 70.2 billion euros, a year-on-year increase of 13.8%. In May, new orders increased by 58% year-on-year, of which domestic and foreign orders increased by 10.7% and 7% year-on-year; orders from January to May increased by 23% year-on-year, of which domestic and overseas increased by 30% and 15% respectively. Industry orders in May (compared with April) increased by 44% month-on-month, and domestic and overseas increased by 91% and -3% respectively. According to the survey, some companies increased their forecast for future production and sales. The proportion of companies intending to expand, maintain, and reduce output was 22%, 74%, and 4%, respectively, compared with 18%, 77%, and 5% respectively in the previous month.