German autos, chemicals led first-half exports: statistics

10th September 2010, Comments 0 comments

German exports rebounded in the first half of the year driven by shipments of automobiles and chemical products, data released Friday by the national statistics office showed.

The world's second biggest exporter after China increased the amount of goods shipped abroad by 17.1 percent to 458.3 billion euros (582 billion dollars) in the first six months of the year, the Destatis office said.

Imports climbed by 15 percent meanwhile to 383.6 billion euros.

Among Germany's leading exports were cars and car parts, which gained 40.8 percent to 76.9 billion euros, the data showed.

Destatis noted however that such exports had collapsed by similar amounts in early 2009 amid the global economic slowdown.

Chemical exports were up by 24.9 percent at 44.5 billion euros, information technology and optical products gained 22.8 percent to 36.8 billion, and other kinds of electrical devices showed an increase of 21.2 percent to 27.9 billion.

Sales of German industrial machinery, a key export product, expanded by a much more modest 6.8 percent to 64.7 billion euros.

Among imports, the items most in demand in Germany were computer-related ones, chemical products and metals.

Germany has been singled out by some neighbours for focusing on exports to drive economic growth, but it has also integrated central and eastern European countries and eurozone countries like Spain into its supply chain.

© 2010 AFP

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