weakness of the euro

This applies particularly to the British pound. Products from
Germany are becoming more expensive in the UK. And the Ukis
as important as a sales market for German exporters of IT equip-
ment, electronic and optical products as France. In 2015, goods
worth EUR 6.2bn were sold to the UK, which corresponds to a
proportion of 6. 4% of global sector exports. Sales in the largest
export category – IT equipment and peripheral devices – are
likely to be negatively affected to an above-average extent by the
shift in the exchange rate. For strong price competition prevails
here too.

Exports of control, measurement, navigation and simi-
lar instruments are likely to be less affected, since these products
are in increasing demand as a result of digitalisation and automa-
tion. Sales to, and competition with British companies have not
become any easier after the Brexit vote.