German exports start the year strongly

By AP Updated at 2013-03-11 13:24:28 +0000


BERLIN (AP) — Official figures show that German exports began the year strongly with a 1.4 percent rise in January over the previous month.

Exports rose to €91.9 billion ($120.3 billion) in January from €90.6 billion in December 2012, according to figures Monday from the Federal Statistical Office, which adjusts values for calendar and seasonal effects.

With imports up 3.3 percent to €76.2 billion, Germany had a trade surplus of €15.7 billion in January.

Compared to January 2012, exports were up 3.1 percent in unadjusted terms.

Despite the ongoing financial crisis, exports to the European Union rose 2.1 percent over the year, while exports to the other 16 countries that use the euro grew 0.4 percent.

Those increases were dwarfed by the 4.5 percent rise in exports to countries outside the 27-country EU.