German trade grows faster with non-EU partners

1st June 2011, Comments 0 comments

German trade with countries outside the eurozone grew more than with its partners in the 17-nation bloc in the first quarter, official data showed Wednesday.

German rose 18.8 percent in the three months to March to 260.8 billion euros ($375 billion) while imports were 20.9 percent higher, compared with the same period a year earlier, at 220 billion euros, the Destatis statistics office said.

Germany is the world's second biggest exporter, after China.

Exports to other eurozone and European Union countries gained 14.7 percent and 16.6 percent but exports to other, so-called third countries, jumped 22.3 percent.

China, Russia and Turkey led the countries that took in substantially more German goods.

Imports presented a similar picture, with countries such as Brazil, India and Russia posting increases of more than 35 percent in shipments to Germany, almost double the average of its eurozone partners at 17.7 percent.

© 2011 AFP

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