Press Release: Outstanding performance of EU mechanical engineering industry

In 2010 the EU’s share in global trade with mechanical engineering products amounted to 37.2%, which is around 3% above its share in 2000. This development contrasts to the performance of the US and Japan, whose shares fell from 25.6% to 17.4% and from 21.3% to 15.6%, whereas China's share increased to 13.0% from only 3% in 2000.

These are some of the results of the new Study on the Competitiveness of the EU Mechanical Engineering Industry. This comparison of the EU with its most important competing nations underscores the strength of its Mechanical Engineering enterprises (ME) – well-established suppliers in the global market – that successfully expanded their market shares although emerging competitors tapped into the market.

European Commission: Memo/12/204: Mechanical Engineering Industry – A large, successful and heterogeneous sector http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/12/204&format=HTML&aged=0&language=EN&guiLanguage=en

---