
German exports increased in November 2013 for the fourth consecutive month, widening trade surplus which had triggered criticisms from its European Union neighbors and the United States, official data showed on Wednesday. Germany exported goods to the value of 94.6 million euros (128.5 million U.S. dollars) in November, while imported goods worth of 76.5 million euros, Federal Statistical Office said. Adjusted for calendar and seasonal variations, German exports was up by 0.3 percent month-on-month. Imports, meanwhile, contracted by 1.1 percent compared with the previous month. Calendar and seasonal adjusted trade surplus of the Europe's largest economy thus widened to 17.8 million euros from 16.8 million euros in October. Compared with the previous year, German exports to EU neighbors increased by 1.8 percent, its imports remained unchanged. Exports to trading partners outside Europe remained unchanged, while imports fell by 1.0 percent. Germany's trade surplus triggered criticism from its trading partners in Europe and the U.S.. In October, the U.S. blamed Germany for bring "a deflationary bias for the euro area, as well as for the world economy" with its "anemic pace of domestic demand growth and dependence on exports." EU commission also announced to scrutize Germany's huge surplus. Germany, however, argued that its surplus reflect the competitiveness of its products, and it should not be blamed for weak growth in Europe.
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor