German exports hit record high in 2014

Several media sources reported on 9 February 2015 that Germany had exported more than ever before in 2014, despite international crises, sanctions against Russia and sluggish global growth.

The foreign trade balance showed a surplus of 217.0 billion euros in 2014, which was the highest value ever recorded. It clearly exceeded the previous peak of 195.3 billion euros achieved in 2007. In 2013, the surplus of the foreign trade balance was 195.0 billion euros.

• Primary Source

ESO: Background information: Bundestag approves 2015 budget with no new debt http://www.europeansources.info/record/bundestag-approves-2015-budget-with-no-new-debt/

ESO: Background information: Controversial German exports at all-time high, but imports also rising http://www.europeansources.info/record/controversial-german-exports-at-all-time-high-but-imports-also-rising/

Wall Street Journal, 09.02.15: Germany Enjoys Record Year for Trade http://www.wsj.com/articles/germany-enjoys-record-year-for-trade-1423480347

The Local.de, 09.02.15: Figures show 2014 was record year for exports http://www.thelocal.de/20150209/2014-record-year-for-exports-destatis-germany-trade

Germany: Federal Statistics Office: Press Release, 09.02.15: : German exports in 2014: +3.7% compared with 2013 https://www.destatis.de/EN/PressServices/Press/pr/2015/02/PE15_038_51.html

EurActiv, 10.02.15: German exports hit record highs in 2014, despite international crises http://www.euractiv.com/sections/trade-society/german-exports-hit-record-highs-2014-despite-international-crises-311961

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