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German economy surging ahead as commodity exports and imports up on 2010

Date: Fri, 8 Jul 2011 | Author: Paul Sanderson

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Statistics from the Germany government show that Germany exported €92.1 billion (£82.6 billion) of commodities in May 2011 and €77.3 billion (£69.3 billion) of imports in the same month.

The Federal Statistical Office (Destatis) revealed that exports were up 19.9 per cent on May 2010 and imports up 15.6 per cent.

Exports of products from the European Union were €54.5 billion, while it imported €49.3 billion of commodities from EU member states. Compared to May 2010, this was an increase of 17.4 per cent on exports and an increase of 16.4 per cent on imports.

The German economy is officially expected to grow by 2.6 per cent this year, but there are predictions actual growth could be above 3 per cent. 

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