10 September 2001, 12:18 Germany 1H 2001 Trade Surplus Up 34% Y/Y On Higher Exports
FRANKFURT (MktNews) - Germany trade surplus stood at DM77.2 billi
he first six months of 2001, up 34% compared to the same period a
earlier, as exports rose faster than imports, the Federal
istics Office said Monday.
Exports rose 11.4% y/y to DM626.4 billion in the first six month
he year, while imports rose at a slower pace of 8.8% y/y to stand
M549.2 billion.
In in the first half of 2000, Germany's trade surplus stood at
.5 billion, on exports of DM562.4 billion (+18.9% y/y) and import
M504.9 billion (+23.2% y/y).
This year, exports to non-EU nations grew fastest, up 16.2% to
4.9 billion, perhaps aided by the weak euro exchange rate. Export
ther eurozone countries grew 8.1% y/y to DM276.7 billion in the
t six months, rising slightly faster than exports to all the memb
he European Union, up 7.8% y/y at DM351.5 billion.
Imports showed a different pattern, with non-EU imports rising
est, +8.4% y/y at DM260.9 billion. Eurozone imports rose +10% y/y
2.1 billion, while EU imports rose 9.1% y/y to DM288.3 billion
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