German Q3 exports up by 21.5 pct on the year

[December 30, 2010]  BERLIN (AP) -- Official data show Germany's third quarter exports rose by 21.5 percent to euro245 billion ($322 billion) from euro202 billion a year earlier.

Germany's Federal Statistics Office said Thursday trade with other European Union member rose by 16.5 percent and amounted to almost 60 percent of all exports between July and September.

But it says exports to countries outside the bloc recorded the strongest growth, with sales to the U.S. up by 32 percent to euro17 billion, and those to China by 34 percent to euro14 billion. Those to Russia were up by 42 percent to euro7 billion.

The data show German exports in the first three quarters combined rose from euro591 billion to euro703 billion as demand for German goods increased amid a strengthening world economy.

[Associated Press]

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