Advertisement
Advertisement

German exports due a boost in 2013

Share this article

German exports due a boost in 2013
Photo: DPA
11:42 CET+01:00
Germany, one of the world's top exporters, should post a new record for exports next year, driven by demand from Asia, the head of the BGA federation of exporters and wholesalers said on Sunday.

"We expect an increase of up to five percent in exports to €1.158 trillion in 2013 and a 5.5-percent rise in imports to €980 billion," said BGA chief Anton Börner in a new year's message.

Despite the eurozone crisis, Germany achieved record exports in 2012, added Börner, amounting to €1.103 trillion, and a trade surplus of €174 billion.

Börner said the bullish projection was based on "stability and no new volatility on the financial markets. Europe, the United States and China have a lot of homework to do in the new year in this respect," he said.

He said order books for next year were full "especially from the growth markets in Asia" and added that the low value of the euro on the currency markets was helping trade with the United States and Japan.

However, he cautioned that "the European debt crisis will be with us for a long time yet" and said he was especially concerned about what he said were "increasingly protectionist trends in several eastern European countries."

"By going alone down this protectionist road, these countries are harming not only our exports but also massively harming themselves," said Börner.

AFP/bk

Share this article

Advertisement
Advertisement

From our sponsors

11 unique lamps that will light up your day

There’s nothing like a little interior design to brighten up a brisk winter day! Here are 11 beautiful - yet affordable - European light fixtures bound to leave you in awe.


Database error:

You have an error in your SQL syntax; check the manual that corresponds to your MySQL server version for the right syntax to use near ')
			ORDER BY
				entries.ENTRY_MODIFIED DESC
			LIMIT
				10' at line 20