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November 8, 2010    

German exports pick up pace after two months of declines

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by Kay Murchie
German exports pick up pace after two months of declines

Germany’s statistics office, Destatis, today revealed exports rose 3% on the month in September to €84.3 billion (£73.09 billion).

On an annual basis, exports are up 22.5%.

Export demand helped to bring Germany out of recession in the second quarter of last year – much sooner than many of its counterparts throughout the world.

The recovery has been led by exports but recent falls led Germany to lose its status as the world’s largest exporter as China overtook it in this field.

Meanwhile, German imports fell by 1.5% to €68.7 billion, Destatis said.

Germany’s trade surplus widened to €16.8 billion in September.

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