Bloomberg News

German Exports Shrug Off Debt Woes to Breach EU1 Trillion Sales

November 29, 2011

Nov. 29 (Bloomberg) -- German exports will breach the 1 trillion euro mark in sales for the first time this year as demand for investment goods from developing nations compensates waning demand in the euro region, the BGA Exporters and Wholesalers Group forecast today.

Exports will grow an estimated 12 percent this year to 1.08 trillion euros and imports grow 14 percent to 919 billion euros, creating a trade surplus of 156 bilion euros. Exports may grow at least 6 percent next year to 1.14 trillion euros, the BGA said.

To contact the editor responsible for this story: Brian Parkin at bparkin@bloomberg.net


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