Germany has world’s biggest trade surplus

Germany has passed China and Saudi Arabia to declare the largest trade surplus in the world, some $200 Billion in current account surplus  this year. A big reason for the rise is increasing industrial exports to China, but a decrease in imports from the Asian giant. A strength in industrial products such as automobiles and heavy industry are big reasons for the successful exports, while an emphasis on producing rather than consuming seem to keep imports down.

 

Global trade balances – surplus countries in blue, deficit countries in red, the darker the color, the larger the imbalance

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