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Home >> Business
UPDATED: 08:11, February 09, 2007
Germany's trade surplus reaches record high
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Germany achieved a record high of trade surplus of 161.9 billion euros (about 209 billion U.S. dollars) in 2006, the Wiesbaden-based Federal Statistics Office said on Thursday.

The world's third largest economy exported 893.6 billion euros and imported 731.7 billion euros in 2006, respectively increasing 13.7 percent and 16.5 percent from 2005.

The country's trade surplus climbed to 161.9 billion euros, or about 2.5 percent, from 158.2 billion euros in 2005, the office said.

The statistics show that Germany's major market is the European Union. In 2006, the country exported commodities of 556.1 billion euros to the EU member countries while importing commodities to the value of 459.1 billion euros from those countries.

Compared with 2005, exports to and imports from the EU countries increased by 11.5 percent and 14.4 percent, respectively.

In December 2006, the country's exports reached 73.5 billion euros and imports 62.6 billion euros, climbing 10.3 percent and 8. 5 percent from December 2005.

Source: Xinhua

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