If any economy in Europe will lead a recovery in the region, it is Germany. Not only does the nation have the largest gross domestic product in the region. It also has the most significant trade relationships outside the European Union, with some economies that are relatively healthy, particularly China and the United States. Germany also has a services economy based on an intellectual property pool that very few countries can match, and one of the most efficient manufacturing sectors.
According to the German government:
German exports in April 2013: +8.5% on April 2012
Germany exported commodities to the value of 94.5 billion euros and imported commodities to the value of 76.4 billion euros in April 2013. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 8.5% and imports by 5.2% in April 2013 on April 2012. Upon calendar and seasonal adjustment, exports increased by 1.9% and imports by 2.3% compared with March 2013.
The foreign trade balance showed a surplus of 18.1 billion euros in April 2013. In April 2012, the surplus had amounted to 14.5 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 17.7 billion euros in April 2013.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 17.6 billion euros in April 2013, which included the balance of services (+1.6 billion euros), factor income net (+1.3 billion euros), current transfers (–2.5 billion euros), and supplementary trade items (–0.9 billion euros). In April 2012, the German current account showed a surplus of 11.9 billion euros.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.