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 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor