Microtechnology industry’s export will increase

The European microtechnology industry expects to significantly increase its export activity in the medium term: 63.3% of companies expect exports to increase over the next three years. In previous years, the increase in exports was comparatively modest. On average, 35-40% of companies achieved an increase in exports between 2014 and 2017. Nonetheless, microtechnology is an export-oriented business: 45.5% of the European microtechnology companies generate more than half of their annual turnover with export; more than a quarter (27.8%) of companies generate more than 75% of their annual turnover with export.

Source: IVAM Survey 2018