Plus   Neg

Exports To Grow 4% Next Year: Germany's BGA

Germany's exports are likely to increase 4 percent next year provided there are no new geopolitical conflicts, the country's exporters' group BGA said on Wednesday.

Imports are set to rise 3.5 percent in 2015, the lobby added. The export growth forecast for this year was retained at 3 percent and imports are expected to climb 2 percent. The trade surplus is expected to rise to EUR 212.5 billion this year.

Despite several ongoing geopolitical crisis and economic risks, the global economic trends remain positive, the BGA President Anton Boerner said. It is important to ensure that Germany maintain its position as a leading exporter, he said, adding that the country is currently losing its share of world exports.

Germany's share of world exports declined to 7.7 percent in 2013 from 9.9 percent in 2003. In contrast, China's share grew to 11.7 percent from 5.8 percent during that period.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT