Record year for German exports
According to the German Federal Office of Statistics, both exports and imports stood at their highest ever level last year.
In total goods to the value of EUR 1,133.6 bn were exported and goods to the value of EUR 916.5 imported, which means that the existing record from the year 2012 was broken.
Compared to 2013 exports rose by 3.7%, and imports were 2.0% higher. Another record was broken by the balance of trade – the difference between exports and imports – with the exports reaching their highest ever level of EUR 217 bn. The previous record had stood at EUR 195.3 bn and was set up in the year 2007.
There was particularly vigorous growth in foreign trade with European Union countries outside the euro-zone.