German Agriculture Exports Hit New Record

August 24, 2012 | By
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German agricultural firms are exporting more produce than ever before. Shipments abroad have reached a new high, but results have been dampened by the ongoing debt crisis in much of the euro area.

Agricultural exports rose to record levels in the first half of 2012, the German Export Association for Food and Agriproducts (GEFA) reported on Friday.

German farmers sold products to the tune of 29.5 billion euros ($36.9 billion), which marked an increase of 1.8 percent from the same period last year.

Exports to nations outside the European Union rose by 13.3 percent to total a little over 7 million euros, with the most important markets for Germany being Russia, Switzerland and the United States. The biggest leaps in export volumes were recorded in Saudi Arabia and China.

Read more:  dw.de

 

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Category: COMMERCE, GLOBAL

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