Germany’s world trade share still accounts for 15 per cent (figure 5) of the total global trade volume, which in 2012 amounted to €33.6 billion. As in the previous year, Germany is followed by the USA (11 per cent) together with China and Italy (each with 8 per cent).
Europe remains the key purchaser of German compressors, compressed air and vacuum technology. More than 51 per cent of exports remain on the European continent, of which 81 per cent go to the EU. East and South-East Asia is the second major purchasing region. Here development depends crucially on China’s economy, which took more than 60 per cent of exports to this region in 2012.
Purchaser structures on the American continent continue to shift further to the North. While in 2012, two thirds of exports to America went to the North, the share in 2012 had already reached 73 per cent. This can be seen as a sign of the weakening economy in South America and the gradual recovery in the USA. After all, German exports to North and Central America increased by more than 22 per cent, this is the region with the largest growth in 2012.
China remains the main customer country with 13 per cent (figure 6), ahead of countries such as the USA and the United Kingdom, as in previous years.
Pumps and Compressors ‘Made in Germany’ Still in Demand
Defending and expanding its leading position in the world market remains the declared objective for Germany’s pump and compressor industry in 2014. Constant effort will be needed to achieve this, including joint pure research by the companies, coordinated by the VDMA, together with maintaining a regular presence on promising foreign markets, including for example the promotion of German exports in the German pavilions. There is also an increasing focus on sustainable production and sustainable products. This results in constant further development of products to ensure that they remain competitive on a global scale.
* Both authors are industry experts at the VDMA