Good year for German machine tool exports

In 2023, the German machine tool industry sold machines including parts and accessories to the value of €9.5bn abroad, some 9% more than in 2022. “It means we’ve defended our title as world champion ahead of China and Japan,” says Dr Markus Heering, executive director of the VDW (German Machine Tool Builders’ Association). Within the triad of Europe, America and Asia, exports to America grew the fastest, increasing by 18%. The US purchased machines to the value of €1.4 billion, while Mexico also performed strongly. Indeed, exports to Mexico rose by 28%.

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