German trade surplus narrowed to 245 billion euros in 2017

MG News | February 08, 2018 at 01:59 PM GMT+05:00

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Germany's trade surplus, one of the world's largest, narrowed slightly to 245 billion euros ($300 billion) in 2017 from a record 253 billion euros in 2016, as imports outpaced exports, official data showed Thursday.

Imports climbed by 8.3 percent to an all-time high of 1.03 trillion euros, while exports rose at a slightly slower clip of 6.3 percent to 1.3 trillion -- also a fresh record, the federal statistics authority Destatis calculated in a statement. – AFP/APP

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