VDMA notes ‘significant’ decline in machinery exports to Turkey

Frankfurt am Main, Germany – German rubber and plastics machinery deliveries to Turkey fell by 4.5% in the first five months of the year, compared to the same period last year, reported the German machinery trade association, VDMA.

Overall machinery sales from Germany, including plastics and rubber, were down 4.7%. The year-on-year decline made Turkey’s economic difficulties “more and more obvious.”

And VDMA expects the negative trend to continue in the coming months as the Turkish lira has fallen significantly against the euro, mainly as a result…

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