- 11. August 2020
Baden-Württemberg: Automotive- and mechanical engineering are particularly struggling with the consequences of corona"Corona pandemic plunges the southwest economy into recession" - that is the headline of the economic report for the second quarter of the Baden-Württemberg State Statistical Office. The important key industries of automotive- and mechanical engineering are particularly struggling with the consequences of the COVID-19 crisis. Even if the June figures are not yet available, there are signs of an easing, but no radical upswing.
In contrast to April, exports in Baden-Württemberg fell less sharply in May than nationwide. The decisive factor here were motor vehicle exports. In Baden-Wuerttemberg in May, they fell by 45% compared to the same month last year, less sharply than nationwide (−56%) and almost half as much as in April (−80%). In contrast, the decline in exports of machines, Baden-Württemberg's most important export goods, continued almost unabated in May at 30% compared to the same month last year (April: −32%) and was the same as nationwide. Among the most important target countries, the losses in Baden-Württemberg's export business with the United States (−31%) and China (−3%) were far lower than in April (−46% and −16%).
In the entire period from January to May 2020, the Baden-Württemberg companies exported goods worth 75.5 billion (bn.) euros. This was 12.5% less than in the same period last year. Southwest imports fell from January to May by 7.8% compared to the same period in the previous year to 71.9 billion euros. In the first five months of 2020, Baden-Württemberg, as the federal state with the highest exports, was less affected by the export slump than the subsequent federal states of North Rhine-Westphalia (−13.6%) and Bavaria (−18.9%).
Bengt van BeuningenEmail+49 40 37709 102