German merchandise exports fell 18.4% in 2009; Year marked biggest drop in trade since 1950 - - China becoming the world’s top exporter; Exports up 3% in December
Feb 9th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
German merchandise exports were valued at €803.2bn in 2009 and imported commodities were valued at €667.1 billion in 2009. German exports in 2009 were 18.4% and imports 17.2% below the respective 2008 levels. This was the highest decline recorded in foreign trade in relation to both imports and exports since 1950 and in 2009, China becoming the world's top exporter. Exports were up 3.0% in December, compared with the previous month.