Second most important export market for German companies
Accounting for 12. 8% of exports in 2015, the UK was the
second most important export market for German companies
in the vehicle construction sector.
The deterioration in eco-
nomic conditions mainly associated with future regulation
and developments will have a negative impact on the sector.
Export trade with the UK in the other vehicle construction
sector is clearly dominated by the aerospace industry, which
accounts for 76% of exports and more than 97% of imports
in this sub- sector.
Imports relate, on the one hand, to internal
deliveries to the Airbus group from British production sites,
and on the other hand to products such as engines which are
supplied externally.
EU Forecast
euf:b.a18b:189/nws-01