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German machinery exports decline in 2024 amid feeble demand, VDMA says
Published by Global Banking and Finance Review
Posted on February 21, 2025
1 min readLast updated: January 26, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on February 21, 2025
1 min readLast updated: January 26, 2026
In 2024, German machinery exports decreased by 5% due to weak global demand, with VDMA urging the EU to avoid trade disputes and finalize a Mercosur agreement.
BERLIN (Reuters) - German mechanical engineering exports declined in line with production in 2024, the VDMA industry association said in a statement on Friday, adding that economic and structural challenges were dampening demand globally.
Exports from Germany of machinery and equipment were down 5% compared to the previous year, VDMA said citing preliminary data from the federal statistics agency, adding that this roughly corresponded to a 7.5% decline in production in the sector.
The VDMA called upon the European Union to prevent a trade dispute with the United States, which "would only produce losers on both sides", as well as finalising a free trade agreement with the Mercosur states.
(Writing by Friederike Heine, Editing by Rachel More)
The main topic is the decline in German machinery exports in 2024 due to weak global demand and economic challenges.
VDMA suggests the EU should avoid trade disputes with the US and finalize a free trade agreement with Mercosur states.
German machinery exports declined by 5% in 2024 compared to the previous year.
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