Germany overtakes US as world’s largest exporter
The German economy has benefited from growth in Eastern and Central Europe. (Photo: EU Commission)
In August, Germany took pole position as the worlds leading export country from the US, with exports 7% higher than the Americans, according to OECD and IMF statistics quoted by FT Deutschland.
With $62bn in exports, Germany's world share is now higher than 10 percent for the first time in several years. This also is higher than the US share.
The third largest exporter in the world is Japan.
The German economy has benefited from growth in Eastern and Central Europe, which has boosted demand for German goods - especially food and machinery. Germany now exports more to Eastern Europe than it does to the US.
"Germany has a first-class, highly-diversified product", Olaf Wortmann from the German machinery association told the FT Deutschland.
"The US competition produces lesser quality and the Japanese are delivering mass produced goods. Therefore Germany is leading in high-quality, tailor-made products".
Press Articles FAZ FT Deutschland
Written by Lisbeth Kirk
The German economy has benefited from growth in Eastern and Central Europe. (Photo: EU Commission)
In August, Germany took pole position as the worlds leading export country from the US, with exports 7% higher than the Americans, according to OECD and IMF statistics quoted by FT Deutschland.
With $62bn in exports, Germany's world share is now higher than 10 percent for the first time in several years. This also is higher than the US share.
The third largest exporter in the world is Japan.
The German economy has benefited from growth in Eastern and Central Europe, which has boosted demand for German goods - especially food and machinery. Germany now exports more to Eastern Europe than it does to the US.
"Germany has a first-class, highly-diversified product", Olaf Wortmann from the German machinery association told the FT Deutschland.
"The US competition produces lesser quality and the Japanese are delivering mass produced goods. Therefore Germany is leading in high-quality, tailor-made products".
Press Articles FAZ FT Deutschland
Written by Lisbeth Kirk
The German economy has benefited from growth in Eastern and Central Europe. (Photo: EU Commission)
In August, Germany took pole position as the worlds leading export country from the US, with exports 7% higher than the Americans, according to OECD and IMF statistics quoted by FT Deutschland.
With $62bn in exports, Germany's world share is now higher than 10 percent for the first time in several years. This also is higher than the US share.
The third largest exporter in the world is Japan.
The German economy has benefited from growth in Eastern and Central Europe, which has boosted demand for German goods - especially food and machinery. Germany now exports more to Eastern Europe than it does to the US.
"Germany has a first-class, highly-diversified product", Olaf Wortmann from the German machinery association told the FT Deutschland.
"The US competition produces lesser quality and the Japanese are delivering mass produced goods. Therefore Germany is leading in high-quality, tailor-made products".
Press Articles FAZ FT Deutschland
Written by Lisbeth Kirk
The German economy has benefited from growth in Eastern and Central Europe. (Photo: EU Commission)
In August, Germany took pole position as the worlds leading export country from the US, with exports 7% higher than the Americans, according to OECD and IMF statistics quoted by FT Deutschland.
With $62bn in exports, Germany's world share is now higher than 10 percent for the first time in several years. This also is higher than the US share.
The third largest exporter in the world is Japan.
The German economy has benefited from growth in Eastern and Central Europe, which has boosted demand for German goods - especially food and machinery. Germany now exports more to Eastern Europe than it does to the US.
"Germany has a first-class, highly-diversified product", Olaf Wortmann from the German machinery association told the FT Deutschland.
"The US competition produces lesser quality and the Japanese are delivering mass produced goods. Therefore Germany is leading in high-quality, tailor-made products".
Press Articles FAZ FT Deutschland
Written by Lisbeth Kirk