German Trade Grows Faster With Non-EU Partners

June 2, 2011
Germany is the world's second biggest exporter, after China.

In the first quarter, German trade with countries outside the eurozone grew more than with its partners in the 17-nation bloc, official data showed on June 2.

German rose 18.8% in the three months to March to 260.8 billion euros (US$375 billion) while imports were 20.9% higher, compared with the same period a year earlier, at 220 billion euros, the Destatis statistics office said.

Germany is the world's second biggest exporter, after China.

Exports to other eurozone and European Union countries gained 14.7% and 16.6% but exports to other, so-called third countries, jumped 22.3%.

China, Russia and Turkey led the countries that took in substantially more German goods.

Imports presented a similar picture, with countries such as Brazil, India and Russia posting increases of more than 35% in shipments to Germany, almost double the average of its eurozone partners at 17.7%.

Copyright Agence France-Presse, 2011

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