Are export shares of German machines synchronous with the industrial production of export countries?

The new Quest Export Report examines the extent to which export shares of German machines to China, the USA, the EU, Russia and Turkey are synchronized to industrial production in these countries

German export shares of machines to Russia and its industrial production (PresseBox) ( Bochum, )
These countries accounted for 75% of machine exports from Germany in 2017. The comparison of machine exports and industrial production is useful as industrial production is an important economic indicator for the demand for machines.

The Quest Export Report identifies synchronous and asynchronous developments between machine exports from Germany and the industrial production of the export countries concerned.

The long-term horizon of nine years from 2008 to 2017, the standardization of the pre-crisis year 2008 as a common starting line and finally the quantification of the growth rates of machine exports and industrial production show synchronicity and asynchronicity at a glance.

Only Turkey shows a certain synchronism. Industrial production there grew by 65% between 2008 and 2017, while machine exports rose by more than 50% thus virtually exhausting the growth of industrial production.

The opposite pole with high asynchronism is Russia. There, industrial production in 2017 was 10% above the pre-crisis level, machine exports from Germany resembled a roller coaster ride mainly due to the sanctions and therefore remained 30% below the 2008 level. The report asks who benefits from these sanctions and whether the USA has been sanctioned because of its wars against Iraq and Afghanistan, which violated international law?

The report also identifies synchronism and asynchronism in the course of machine exports and industrial production in regard to China, the USA and the EU.

The Quest Export Report serves as a starting point for identifying the causes of major deviations from machine exports and industrial production.

The report is available on https://www.quest-trendmagazine.com/en/machinery-industry/exports/machine-exports-and-industrial-production.html
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