German paper equipment exports to China increased by 28% in the first half of the year

The German federal agency for foreign trade and investment reported on August 25. Despite the impact of the epidemic, German paper equipment exports to China increased by 28% in the first half of this year. Most competitors, including Finland, Italy, the United States, Japan, South Korea and Switzerland, suffered double-digit losses in the same period.

Due to the great improvement in technology and quality of Chinese machinery and equipment enterprises, the dependence on imported paper-making equipment has decreased significantly in recent years. As China’s most important supplier, Germany’s export of papermaking equipment to China decreased from US $270 million to US $110 million in 2019, a decrease of 60%. In spite of the new crown crisis, German paper equipment exports to China have increased against the trend, further boosting the confidence of German enterprises.