Germany's exports remained strong in May 2008

Export growth in Germany, Europe's largest economy, stayed strong in May 2008. Exports in a non adjusted bases were at EUR 80.8 billion up 2.5 percent from a year ago. The current account of the balance of payments showed a surplus of EUR 71.3 billion in the January to May 2008 period, up from EUR 70.1 billion the same period a year ago. Exports to third countries outside EU member states remained strong at EUR 28.3 billion up 4.2 percent from a year ago. USA, China and Russia are Germany's main trading partners outside the EU member states. In 2007 Germany exported commodities to the value of EUR 73.3 billion to USA, 29.9 billion to China and 28.1 billion to Russia.

From the Federal Statistical Office:
In May 2008, Germany dispatched commodities to the value of EUR 52.5 billion to the Member States of the European Union, while it received commodities to the value of EUR 43.3 billion from those countries. Compared with May 2007, dispatches to and arrivals from the EU countries increased by 1.5% and 5.7%, respectively. Commodities to the value of EUR 34.5 billion (+0.5%) were dispatched to the euro area countries in May 2008, while the value of commodities received from those countries was EUR 29.9 billion (+5.4%). Commodities to the value of EUR 18.0 billion (+3.6%) were dispatched to EU countries not belonging to the euro area in May 2008, while the value of the commodities which arrived from those countries was EUR 13.4 billion (+6.4%).

Germany exported commodities to the value of EUR 28.3 billion to and imported commodities to the value of EUR 23.2 billion from countries outside the European Union (third countries) in May 2008. Compared with May 2007, exports to third countries were up by 4.2% and imports from those countries by 13.3%.

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global map German exports 2007








source: German exports in May 2008: +2.5% on May 2007
Statistisches Bundesamt Deutschland http://www.destatis.de/jetspeed/portal/cms/Sites/destatis/Internet/EN/press/pr/2008/07/PE08__246__51,templateId=renderPrint.psml