Wiesbaden – For the German foreign trade was in 2014, a record year: Both exports and imports were higher last year as high as ever, said the Federal Statistics Office said on Monday.
Overall, goods worth 1133.6 billion euros and imported goods worth 916.5 billion euros. The previous record values from 2012 were exceeded.Compared to 2013, exports rose by 3.7 percent, while imports were 2.0 percent higher. Particularly strong foreign trade grew with countries from the European Union that are not members of the euro zone
Experts true development hopeful. “The economy is picking up,” says Stefan Schilbe of HSBC Trinkaus. His main explanation for the boom is the low rate of the euro, cheaper through which German exports abroad. The competitiveness of the German company was “already good”. The weaker currency is “additional drivers”.
The prospects for 2015 are positive but only in part. “The world trade is likely little effort to grow this year,” says Schilbe. “He is dampened mainly by the weaker performance in some large emerging economies such as Russia and Brazil.”
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