China News Network Berlin, February 21st (Reporter Peng Dawei) The reporter learned from the German Federal Trade and Investment Agency on the 21st that according to the latest information from the German Electronic and Electrical Industry Association (ZVEI), the German electrical industry in 2019 has slowed down, but Exports still achieved a year-on-year growth of 2.7% to 216.5 billion euros, which was the sixth consecutive year in which Germany's exports in this industry hit another record high.

According to the statistics provided by the association, China led the United States last year and became the largest export destination of the German electrical industry, with a year-on-year increase of 4.3% to 21.9 billion euros. At the same time, German exports to the United States last year increased by 7.7% year-on-year to 19.2 billion euros.

In 2019, Germany's imports of 0 electrical products increased by 2.5% year-on-year to 199.6 billion euros. The export surplus increased by 800 million euros to 19.6 billion euros in 2019.

Specifically, in December 2019, German electrical product exports increased by 2.8% year-on-year to reach 16.2 billion euros. Imports increased by 3.4% year-on-year in December to € 15.1 billion.

From the perspective of countries, China and the United States are Germany's largest exporter of electrical products, and their exports are much larger than other countries. The other top ten countries are mainly the Eurozone countries. France ranked third (up 3% to 13.2 billion euros), the Netherlands ranked fourth, and Poland ranked fifth. The top ten second echelons are Czech Republic, Italy, Britain, Austria and Switzerland.

"The close relationship between Germany and China will continue to strengthen. China became Germany's largest exporter of electrical products last year. In the field of sensor or electric vehicle battery technology, China will also invest a lot in Germany Opportunities to deepen trade relations further, "said Max Milbredt, expert at the German Federal Trade and Investment Agency.

The German Federal Trade and Investment Agency is the agency of the German Federal Government for foreign trade and inward investment. The agency advises and supports foreign companies entering the German market and assists companies established in Germany to enter foreign markets. (Finish)