EUROPE & CIS: Rising oil prices fail to slow German exports

German exports rose to an alltime high of €98.3 billion in March, according to new data released recently. Germany’s logistics industry has been a key beneficiary of this export momentum with air freight handled in Germany growing by a record 21 per cent to reach over 4.4 million tonnes in 2010. “These developments confirm Germany’s […]


German exports rose to an alltime high of €98.3 billion in March, according to new data released recently. Germany’s logistics industry has been a key beneficiary of this export momentum with air freight handled in Germany growing by a record 21 per cent to reach over 4.4 million tonnes in 2010. “These developments confirm Germany’s attractive investment environment despite turbulent oil prices and an uneven global economic recovery,” said Germany Trade & Invest. “Germany is well known for efficiency and speed. The logistics industry is no exception. Utilising the country’s worldclass infrastructure and central location in Europe, it’s no wonder companies choose to locate their European distribution centers here,” said David Chasdi, logistics industry expert at Germany Trade & Invest. Germany’s infrastructure occupied the top spot worldwide in the World Economic Forum’s Global Competitiveness Report and the World Bank’s Logistics Performance Index in 2010. The country’s dense air, rail and waterway network has led to an industry that generates over €200 billion in revenues annually and drives the German export machine. Goods shipped to China, the US and Germany’s European neighbours were a key factor in Germany’s economic rebound, ultimately leading to record GDP growth in 2010.