German exports fall sharply in April

| June 8, 2011 | 0 Comments

Statistics office Destatis has today revealed German exports and imports fell in April, giving a trade surplus of €10.9 billion.

According to Destatis, exports fell by 5.5% on a monthly basis to €84.3 billion (£75.6 billion) – much more than analysts had expected and the sharpest decline since January 2009.

Meanwhile, imports were 2.5% lower on a monthly basis at €73.4 billion.

Exports and imports both hit record highs in March.

However, despite the falls, Germany remains one of the bright spots in the euro zone with its falling unemployment levels and strong economic growth.

Germany is the world’s second largest exporter after China and export demand helped to bring Germany out of recession in the second quarter of 2009 – much sooner than many of its counterparts throughout the world.

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