BERLIN (Reuters) – The volume of Germany’s foreign trade hit a record in 2018, the Federal Statistics Office said, underlining how exposed Europe’s largest economy is to a global trading system that is under threat from protectionism and the threat of a trade war.
The annual figures — showing that Germany had exported 1.3 trillion euros’ worth of goods and imported 1.1 trillion euros — exceeded the previous record set in 2017. The trade surplus for the year narrowed slightly.
Germany - Continent - Motor - Decade - Thanks
Germany, the continent’s economic motor, has boomed for a decade thanks to its role as a supplier of equipment to the world’s industrial nations. That makes it vulnerable to a...