German companies will have to run to 2018 to a value of almost 1.3 trillion euros. Thus, exports in Germany, a new High, as the Federal statistics office on the basis of preliminary calculations. There were three per cent more than in the previous year. Imports rose year-on-year by 5.7 percent to a trillion euros.
The In – and exports exceeded in the year 2018, the highest values from the previous year. The foreign trade balance closed the year 2018 with a Surplus of 227,8 billion euros. Thus, Germany has re-exported considerably more Goods than it imports. However, the foreign trade surplus fell slightly, by around EUR 20 billion, because imports increased more than exports. Germany exports more than it imports. Trading partners criticize regularly, especially US President Donald Trump.
expected For this year, the foreign trade Association BGA is a growth in exports of up to three percent. “We go in spite of the high probability of a disorderly Brexits that German exports can grow this year up to three percent,” said BGA President Holger Bing man last in the world. Also, the weaker world economy and international trade conflicts in the industry.
EU countries importing the most German Goods
most Were from Germany, with a value of more than 778 billion Euro in the countries of the European Union. This was an increase of almost four percent compared to the previous year. Imports from EU countries rose by more than six percent. In third countries outside the EU, German companies exported Goods to the value of more than 539 million euros.
Overall slowed the growth of the German economy in 2018 to 1.5 percent, from 2.2 percent in 2017. The foreign trade slowed development slightly. The data for the gross domestic product in the fourth quarter of 2018, the Federal Statistical office published next week. There is a slight increase is expected, thus in the summer of 2018, the shrunken economy is just a technical recession is likely to be escaped, so the two previous quarters, going back performance of the economy.