Competitiveness and international activities
The EU Commission activities concerning the EU Mechanical Engineering Industry are mainly aimed at strengthening the competitiveness of the European industry.
The EU-27 Mechanical Engineering sector has grown slowly but steadily from 1990 until 2007 and represents 9.78% of the value of the EU-27 industrial production. Its weight in the total Manufacturing Industry increased between 2006 and 2007 (from 9.4 to 9.78). Its size makes the EU the largest producer of mechanical engineering equipment in the world, clearly surpassing the US and Japan. Exports have increased by 43% in the last three years. Though imports have also increased, the trade balance has been positive (€ 115,101 million in 2007), only taking a negative turn at the end of 2008 as a result of the global economic crisis. The total exports of machinery represent 42% of total mechanical engineering production. Internal consumption of machinery rose by 14% in 2007, from € 337,475 million to € 383,347 million.
International activities are aimed at favouring market access in third countries by promoting regulatory convergence and expanding geographically the Internal Market, especially in large trading partners like the U.S., China, Japan, Russia, Brazil, India and Australia.