German Imports Hit Record Level in June
Germany exported commodities to the value of EUR 86.5 billion and imported commodities to the value of EUR 72.4 billion in June 2010. Hence, German exports increased by 28.5% and imports by 31.7% in June 2010 on June 2009. This was the highest monthly export value reported since October 2008 (EUR 88.7 billion). The import value for June 2010 was the highest ever reported since foreign trade statistics have been compiled for the Federal Republic of Germany in 1950. Read more
Falling Producer Prices for Services
Producer prices for services mostly declined in the third quarter of 2009 against the third quarter of 2008. Steep price falls were recorded for sea transport: The prices of services in sea and coastal water transport were markedly down by 27.5% compared with one year earlier. Read more
France Remains No 1 Trading Partner
As reported by the Federal Statistical Office (Destatis), France again was Germany’s number one trading partner for exports in the previous year, accounting for Euro 93.7 billion of exports. Imports from France amounted to Euro 63.4 billion in 2008, so that France was the second most important supplier country for German imports after the Netherlands (Euro 68.0 billion). Read more
