
BERLIN, Feb. 20 (Xinhua) -- China remained the single largest market for products of the German electrical industry in 2018, the German Electrical and Electronic Manufacturers' Association (ZVEI) announced on Wednesday.
The value of products export increased by 10.3 percent to 21 billion euros. The second largest market was the United States, which imported German electrical exports worth 17.8 billion euros in 2018, according to the announcement.
"The already successful cooperation" between Germany and China on many future subjects such as artificial intelligence could be further strengthened, according to Chairman of the management board of ZVEI Klaus Mittelbach.
European countries such as France, the Netherlands and Britain are also among the most important markets of the German electrical industry.
In general, exports of electronic goods from Germany grew by 5 percent to 211.9 billion euros (240.2 billion U.S. dollars) in 2018, despite a slight decline towards the end of the year, the ZVEI said.
In December 2018, the value of German exports amounted to 15.8 billion euros, a slight decline of 0.3 percent compared to the same month last year. "It was the first decrease since July 2016", ZVEI chief economist Andreas Gontermann stated.
Imports of electronic goods increased by 4.4 percent to 191.1 billion euros in 2018, making Germany's export surplus reach 20.8 billion euros. However, towards the end of the year 2018, imports also fell by 0.7 percent in a year-on-year comparison.
In January, ZVEI announced that the German electrical industry is set to increase production by 1 percent with total sales exceeding 200 billion euros in 2019. (1 euro = 1.13 U.S. dollars)
Fire brigade in Shanghai holds group wedding
Tourists enjoy ice sculptures in Datan Town, north China
Sunset scenery of Dayan Pagoda in Xi'an
Tourists have fun at scenic spot in Nanlong Town, NW China
Harbin attracts tourists by making best use of ice in winter
In pics: FIS Alpine Ski Women's World Cup Slalom
Black-necked cranes rest at reservoir in Lhunzhub County, Lhasa
China's FAST telescope will be available to foreign scientists in April
"She power" plays indispensable role in poverty alleviation
Top 10 world news events of People's Daily in 2020
Top 10 China news events of People's Daily in 2020
Top 10 media buzzwords of 2020
Year-ender:10 major tourism stories of 2020
No interference in Venezuelan issues
Biz prepares for trade spat
Broadcasting Continent
Australia wins Chinese CEOs as US loses