Data from the Federal Bureau of statistics released by the Federal Bureau of statistics showed that German imports and exports rose to the highest level in 2017, thanks to the global growth of the world economy, according to the data released by the Federal Bureau of statistics on Thursday.
Last year, German exports increased by 6.3% to 1 trillion and 280 billion euros, and imports increased by 8.3% to 1 trillion and 30 billion euros. The trade surplus fell to 244 billion 900 million euros from a record of 248 billion 900 million euros in 2016, narrowing for the first time in eight years.
Data from the Federal Bureau of statistics also showed that the German current account surplus fell to 257 billion 100 million euros from 259 billion 300 million euros in 2016 in 2017.
The statistical report of the German Federal Bureau of statistics released on 2011 8, Germany import and export record trade surplus of 158 billion 100 million euros ($205 billion 530 million), growth of 2.1% over the previous year.
The statistics show that Germany's export volume was more than 1 trillion euros (about $1 trillion and 300 billion) last year, up 11.4% from the previous year. Affected by the European debt crisis, Germany's exports to the eurozone grew by only 8.6% last year, but exports to the European Union increased by 13.6%.
In addition, Germany imports more than 900 billion euros (about $11700 billion) last year, up 13.2% over the previous year. Previously, the highest record of German imports appeared in 2008, at 805 billion 800 million euros (about $1 trillion and 47 billion 540 million).
However, the statistical report showed that the German import and export volume declined in December compared with November. Among them, the import volume fell 3.9% and the export volume dropped by 4.3%, the biggest decline since January 2009.
The German Chamber of Commerce and industry said that after two years of substantial growth, the export growth of German enterprises will decrease this year, and export growth is expected to be reduced by half. The recession in the euro zone is the biggest problem for German exports, reducing orders to the euro area by about 7% in December last year.
