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I did some quick research on this capital goods thing with the German industry (through the EU's market access database). With regard to extra-EU trade, the export balance in 2005 for...

Chapter 84      NUCLEAR REACTORS, BOILERS, MACHINERY AND MECHANICAL APPLIANCES; PARTS THEREOF

Is 35.8 billion (imports 33.2 billion, exports 69 billion)

Chapter 85      ELECTRICAL MACHINERY AND EQUIPMENT AND PARTS THEREOF; SOUND RECORDERS AND REPRODUCERS, TELEVISION IMAGE AND SOUND RECORDERS AND REPRODUCERS, AND PARTS AND ACCESSORIES OF SUCH ARTICLES

Is -0.7 billion (imports 36.5 billion, exports 35.8 billion; note that this includes only some capital goods and almost all consumer electronics)

Chapter 87      VEHICLES OTHER THAN RAILWAY OR TRAMWAY ROLLING STOCK, AND PARTS AND ACCESSORIES THEREOF

Is 44 billion (imports 9.5 billion, exports 53.5 billion)

So, the car & other land vehicles industry still accounts for a larger part of the surplus. Of course, relatively speaking these are also low-volume products and they definitely are high-value-added.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 5th, 2007 at 06:24:34 AM EST
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