German exporters eye historic trillion-euro mark in 2011

19th October 2010, Comments 0 comments

German exports are set to hit the one-trillion-euro mark for the first time next year, driven by strong demand from Asia and Brazil, the country's export association said Tuesday.

Germany, Europe's top economy and the world's second-largest exporter after China, should ship out 937 billion euros (1.3 trillion dollars) worth of products in 2010, according to estimates from the BGA federation of German exporters.

The 16-percent rise was the "strongest growth in 10 years," said Anton Boerner, the head of the BGA.

"In the coming year, there is a good chance that exports will exceed the mark of one trillion euros for the first time in history," Boerner added.

He said sales would be driven by the "emerging middle classes in countries like China, India and Brazil with their preference for high-quality consumer products."

The major risk to this bullish outlook was the danger of a double-dip recession in the United States, Boerner said, which would have both a direct and indirect impact on German exports.

© 2010 AFP

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