German exports rockets ahead: official data

Germany reported soaring trade figures on Monday, suggesting that second-quarter growth in Europe's powerhouse economy could be the strongest since reunification 20 years ago.Germany, the world's second-biggest exporter after China, said that provisional figures exports rocketing 28.5 percent to 86.5 billion euros (115 billion dollars) in June, the highest level since October 2008.Imports soared 31.7 percent to hit a new record of 72.4 billion euros meanwhile, an all-time peak since statistics were first compiled in 1950, the Destatis statistics office added.

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German exports dropped by an unexpectedly sharp 6.3 percent in January from the previous month, official statistics showed on Wednesday, though order levels suggest they should rise again soon.It was the first monthly fall since August in Europe's biggest economy, and came as imports grew by 6.0 percent, the Destatis statistics office said.That caused the German trade surplus for January to narrow to 8.0 billion euros (10.88 billion dollars) from 13.4 billion euros in December.Germany lost its title of leading global exporter to China last year.

German exports dropped by an unexpectedly sharp 6.3 percent in January from the previous month, official statistics showed on Wednesday, though order levels suggest they should rise again soon.It was the first monthly fall since August in Europe's biggest economy, and came as imports grew by 6.0 percent, the Destatis statistics office said.That caused the German trade surplus for January to narrow to 8.0 billion euros (10.88 billion dollars) from 13.4 billion euros in December.Germany lost its title of leading global exporter to China last year.

China is now the world's leading exporter ahead of Germany, trade figures released on Friday by the German national statistics office showed.In the 11 months from January to November, Chinese exports reached a total value of 1.07 trillion dollars, while German exports amounted to 734.6 billion euros, or 1.05 trillion dollars, the data showed.In November, the German trade surplus nonetheless climbed to 17.2 billion euros, according to seasonally corrected figures from the Destatis service, from 13.6 billion in October amid a pick up in global trade.

Germany posted a monthly export increase in February that partially offset a sharp drop in January, official data showed on Friday, benefitting from a rebound in global trade and a drop in the value of the euro.German exports jumped by 4.7 percent from January and recorded a yearly gain of 9.6 percent, the Destatis statistics office said.The country's trade surplus climbed to 12.6 billion euros (16.8 billion dollars) from 8.9 billion euros in February 2009, it added.

The German trade surplus, a pillar of the eurozone economy, climbed to 13.6 billion euros (20 billion dollars) in October, figures released on Wednesday by the national statistics office showed.In September, the biggest European economy and one of the world's leading exporters had posted a surplus of 10.4 billion euros.German exports gained 2.5 percent from September to 74.6 billion euros, the Destatis service said.