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Germany eyes new 2013 high for exports
Source: AFP |
December 31, 2012, Monday
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GERMANY, one of the world's top exporters, should post a new record for exports next year, driven by demand from Asia, the head of the BGA federation of exporters and wholesalers said yesterday.
"We expect an increase of up to 5 percent in exports to 1.158 trillion euros (US$1.53 trillion) in 2013 and a 5.5-percent rise in imports to 980 billion euros," said BGA chief Anton Boerner in a new year's message.
Despite the eurozone crisis, Germany achieved record exports worth 1.103 trillion euros in 2012 and a trade surplus of 174 billion euros, Boerner added.
Boerner said the bullish projection was based on "stability and no new volatility in the financial markets. Europe, the United States and China have a lot of homework to do in the new year in this respect," he said.
He said order books for next year were full "especially from the growth markets in Asia" and added that the low value of the euro on the currency markets was helping trade with the US and Japan.
However, he cautioned that "the European debt crisis will be with us for a long time yet" and said he was especially concerned about what he said were "increasingly protectionist trends in several eastern European countries."
"We expect an increase of up to 5 percent in exports to 1.158 trillion euros (US$1.53 trillion) in 2013 and a 5.5-percent rise in imports to 980 billion euros," said BGA chief Anton Boerner in a new year's message.
Despite the eurozone crisis, Germany achieved record exports worth 1.103 trillion euros in 2012 and a trade surplus of 174 billion euros, Boerner added.
Boerner said the bullish projection was based on "stability and no new volatility in the financial markets. Europe, the United States and China have a lot of homework to do in the new year in this respect," he said.
He said order books for next year were full "especially from the growth markets in Asia" and added that the low value of the euro on the currency markets was helping trade with the US and Japan.
However, he cautioned that "the European debt crisis will be with us for a long time yet" and said he was especially concerned about what he said were "increasingly protectionist trends in several eastern European countries."
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