German exports surpassing one thousand billions of euros

German exporters were in a new dimension last year: exports exceeded one trillion euros for the first time, primarily due to increasing demand in the emerging Eastern European countries. The statistical data published on Wednesday show that exports grew by 11 percent compared to 2010 and totaled 1,060 billion euros.

Meanwhile, due to the growth of needs in the German economy imports are also historical record high: expanded by 13.2 percent to 902 billion euros higher than ever been, and almost 100 billion euros more than in 2008.

However, the pace slowed down for the end of the year, the foreign sales of the German companies fell by 4.3 percent compared to the previous month, mainly due to the problems of the euro area countries – writes tozsdeforum.hu.