Nearly a third of Germany's electronic imports in February come from China

Source: Xinhua| 2021-04-26 22:25:02|Editor: huaxia
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BERLIN, April 26 (Xinhua) -- Germany's imports of electrical and electronic products in February increased by 12.7 percent year-on-year to 15.9 billion euros (19.24 billion U.S. dollars), nearly a third of which came from China, the German Electrical and Electronic Manufacturers' Association (ZVEI) announced on Monday.

"German imports of electrical and electronic products were once again dominated by China" in February 2021, ZVEI noted. Deliveries from China soared by 56.7 percent year-on-year to 4.8 billion euros. Imports from Asia rose by 26.1 percent and reached 7.5 billion euros.

"This means that almost half of all German electrical imports in February came from Asia, almost a third from China alone," said ZVEI chief economist Andreas Gontermann in a statement.

Electric imports to Germany from other European countries increased by 8.3 percent to 7.2 billion euros, the development was "strongly driven" by deliveries from the Eastern European countries of Poland, Hungary, Romania and the Czech Republic, according to ZVEI. Electrical imports from the United States, however, dropped by 27.1 percent in February.

Exports by the German electrical industry, on the other hand, only rose by 2.6 percent year-on-year to 17.2 billion euros in February, while exports to China "bounced up" by 21.7 percent year-on-year to 2.0 billion euros, ZVEI noted. Enditem