german exports increase consecutively in november
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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German exports increase consecutively in November

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Arab Today, arab today German exports increase consecutively in November

Berlin - XINHUA

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.

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