Non-EU markets to "save" the German export

Germany's 2012 record of 11 months export data proves how popular the "Made in Germany" in the world.

According to the data released by the Federal Statistical Office on the 9th local time, 2012 11 months, German exports increased by 4.3%. Germany's traditional markets in Europe are going through a test of the austerity policy, however, the strong demand of the emerging economies, including China, as well as the needs of the U.S. market, to offset the blow of the European market is shrinking exports to Germany.

The data show that in the first 11 months of 2012, German exports grew by 4.3% to 1.018 trillion euros. Which, stagnant German exports to the EU, exports of other non-EU countries rose to 10.4%.

In addition, the data show that of the German wholesale trade and services Association (BGA), of Germany's total exports in 2012 is expected to reach 1.103 trillion euros, an increase of 4% from 2011. At the same time, BGA predicted that German exports in 2013 will have stronger growth, an increase of 5%, the total reached 1.16 trillion euros.

German exports about 40% of exports to the euro-zone countries, the proportion of exports to the EU amounted to 60%, and exports to non-EU countries accounted for only 40%. The weakness in the European market in 2012, pulled down the overall export data in Germany.

The Federal Statistical Office of Germany by the impact of the debt crisis, German exports to the rest of the euro area 17 countries in November 2012, compared with the previous year fell by 5.7%, and for the EU-27 exports fell by 4.0%.

Institute of macro-economic and economic situation in Germany (IMK) 7, said Germany's 2013 economic growth rate forecast of 0.8 per cent in December last year, will remain unchanged. Private consumption, exports to Eastern Europe, Asia and the United States will be the main driver of the recession in the euro area is still the greatest threat of Germany's economic growth. Germany trade surplus in the first 11 months of 2012 decreased to 146.2 billion euros from 176.2 billion euros.

"For Germany, in particular, is an important export market, the fourth quarter is weak." Schultz said, "The German economy is likely to shrink in the fourth quarter, an economist at Berenberg Bank (Berenberg Bank) but the outlook is getting better. "

However, the general expected the German economy in 2013 will rise again, the German Economics Minister Rösler optimistic on economic growth prospects for 2013. Rossler said that the German economy in 2013 is expected to stronger growth will appear. German industrial orders in the case and investment plans are in support of this prediction.

Rossler and that, taking into account the overall European economy is in a recession phase, the performance of the German economy is still strong. The priority now is the situation in the euro area to stabilize, so that enterprises in investment are no longer around watching.

According to Reuters, the German government intends to be announced in next week's 2013 annual economic report, expected 2013 economic growth is expected to be reduced from 1% to between 0.5% to 0.7%.