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The Wholesale and Foreign Trade Association estimates that Germany’s exports to other EU member states will increase by 7% this year, while exports to countries outside the EU will increase by 13%. At the same time, German imports will also increase strongly. It is expected that the annual import growth will be 12% and the total import value will be 903 billion euros. Imports from other EU member states increased by 10%, while imports from countries outside the EU increased by 15%. The foreign trade surplus was 143 billion euros.
Bernard said that world trade is expected to grow by 7% this year, and Germany is expected to increase its current share of world trade from 9% to 9.5%.
Berna also said that Germany's foreign trade situation is good this year, and exports are expected to reach record levels, but some risk factors can not be ignored, such as rising world raw material prices and unstable security situation in North Africa and the European debt crisis has not been eliminated.
The German Wholesale and Foreign Trade Association is the highest industry representative in the wholesale, foreign trade and related services industry in the country. It has 27 state and regional employers' associations and 48 federal professional associations, all of which are wholesale and foreign trade companies.
German exports exceeded 1 trillion euros for the first time in 2011
Anton Bernard, president of the German Wholesale and Foreign Trade Association, said in Berlin on the 9th that despite the turmoil in the North African region, German exports are expected to grow by 9% in 2011 and surpass the trillion-euro mark for the first time, reaching 1.046 trillion euros.