- - -

INVEST IN STOCKHOLM NEWSLETTER

SWEDISH WIRE NEWSLETTER

EMBASSIES/
CONSULATES
IN SWEDEN

EXECUTIVE JOBS

RSS FEEDS

TRANSLATORS

STOCKS

FLIGHTS, HOTELS AND HOLIDAYS

- - -
Investment opportunities

• ICT startups offer investment opportunity

• Swedish companies ready for exit

• Five med-tech investment opportunities

• Six cleantech investment opportunities

- - -
Rankings and surveys

• Sweden has (second) best reputation in the world

• Sweden among top in Internet download speed

• Sweden scores highest in 'Rule of law index'

• Stockholm world's No1 in intellectual capital

• Sweden the world's most ICT-competitive country

• Sweden great place for moms – but Norway better

• Swedes place 4th in English skills ranking

• Sweden among top ICT countries

• Sweden’s 10 greenest brands

• ‘Sweden needs to sell itself more’

• Sweden overtakes the US in competitiveness

• Sweden 10th ‘most admired country globally’

• Sweden climbs in 'doing business' ranking

• Sweden among world's least corrupt nations

• Sweden's mortality rates world's second lowest

• Sweden a good place to die – but Britain is best

• Children in Sweden have best lives

• Sweden the most competitive EU nation

• Safe to do business with Swedes

• How Sweden became an innovation frontrunner

• Nordic countries world's most food-secure

• Sweden the world’s best country – politically

• Swedish firms among world's top brands

• Swedish brands climb in global ranking

• Sweden tops government ranking - while US lags

• 'Swedish model' outranks 'American dream'

• Sweden among world's least corrupt nations

German exports gain 18.5 percent in 2010

• Will a too strong krona spoil the Swedish party?

 

FRANKFURT, February 9, 2011 (AFP) - German exports grew by 18.5 percent in 2010 to 951.9 billion euros ($1.3 trillion), the national statistics office said on Wednesday, while Berlin's trade surplus gained 11.2 percent to 154.3 billion.

Germany, the world's second biggest exporter after China, also took in imports worth 797.6 billion euros, the Destatis office said, a jump of 20.0 percent from the level in 2009.

Germany has been criticized by eurozone partners with weaker economies for not buying more goods from them, but a breakdown of the figures showed imports rose faster than exports for both the eurozone and broader 27-member European Union in 2010.

German exports to eurozone partners, which numbered 15 last year, grew by 12.7 percent while imports were up by 16.7 percent.

For the full EU, German exports gained 14 percent, but imports rose by 17.5 percent.

Germany, which has the biggest European economy, and France, which has the second biggest economy in the now 17-member eurozone, are pressing heavily indebted partners to reform their economies in exchange for financial backing.

Officials in Berlin have estimated the German economy will grow by 2.3 percent, and that its public deficit will fall below the EU's 3.0 percent limit this year to 2.5 percent of gross domestic product (GDP).

German growth has been driven by exports, but falling unemployment, higher wages and increased corporate investment had raised hopes that domestic demand would help underpin a sustained expansion of activity.

In December however, German exports grew by 0.5 percent on a monthly basis, while imports fell by 2.3 percent.

While China is growing in importance as a trade partner, eurozone countries, others in eastern Europe and the United States are also key buyers of products made in Germany, ING senior economist Carsten Brzeski noted.

"It is this diversification which should be a warrantor for further export strength in 2011," he said.

 

 
Banner
AdP right SKY
Most Read Searched  
Banner
Banner
Banner
Banner