Jan
19

Germanys Exports Surge– China Remains Sluggish

Posted by Ruaidhri Horan / Thursday, 19th January 2012 / 0 Comments
germanyexports germaneconomy chinaexports chinaexporting chinaexport germangrowth germaneconomicgrowth germanexporters chinesemarket

German flagThe year 2011 was an exceptionally good year for German exporters, with the November figures showing year on year growth for the month of 8.3%, with significant inroads being made into the bourgeoning Chinese market. The value of German exports to November 2011 was €94.9 billion whereas imports at November YTD were valued at €78.7 billion. Germany’s foreign trade balance showed surplus of €162 Billion.

Out of the €94.9 Billion of exports, €5 Billion went to member states of the EU, an overall increase of 8.4%.

However in China, December saw export growth slow down significantly to 13.4% year on tear, which was exemplified…

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