WIESBADEN – Germany exported goods to the value of 1,093.9 billion euros and imported goods to the value of 895.0 billion euros in 2013. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports decreased by 0.2% and imports by 1.2% on 2012.
The foreign trade balance showed a surplus of 198.9 billion euros in 2013. This was the highest value recorded since the beginning of compiling foreign trade statistics. In 2012, the surplus of the foreign trade balance had amounted to 189.8 billion euros. The highest export surplus recorded so far was 195.3 billion euros in 2007.
Germany Snubs Export Critics as Surplus Outstrips That of China
Jan 15, 2014
**the Munich-based Ifo Institute in a report yesterday estimating that the excess of foreign sales over imports in 2013 may have reached $260 billion, a record that placed Germany ahead of China’s $195 billion trade surplus. In euro terms, that created a German current-account surplus of 7.3 percent, forecast to swell to 7.4 percent this year, according to Ifo.
