Belfast Telegraph

Home News World

Germany's trade surplus narrows

Germany's trade surplus narrowed in January, as an increase in exports from Europe's largest economy was more than offset by a rise in imports.

The Federal Statistical Office reported today that exports rose 2.2% in January from the previous month to 94.5 billion euros (£78.6 billion). The figures were adjusted for seasonal and calendar effects.

Meanwhile, imports rose 4.1% to 77.3 billion euros (£64.3 billion).

As a result, the surplus fell to 17.2 billion euros (£14.3 billion) from 18.3 billion euros (£15.2 billion) in December.

Germany has been criticised for relying too much on exports and has not been importing enough to boost economies in Europe.

The statistics office says that, compared with January 2013, exports to other nations using the euro currency rose 3.2% in January, while imports from those countries rose 4%.

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Popular

From Belfast Telegraph