The low of the Euro rate enables exporters to be more competitive in Germany – which has led to a surge in exports.
However, decreased trade surplus of Germany because the country exports also surged.
According to data of the German Statistical Office, German exports jumped by 2.7% in January compared with December and the imports into the country increased by 3%.
Compared to January 2016, German exports grew 11.8%, and imports increased by 11.7%.
The current account surplus of Germany was lower than forecast and January totaled 12.8 billion Euros, compared with a figure EUR 14.6 billion in January 2016.
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