Germany’s Exports Hit All-Time High

This morning Germany announced that its exports – the overwhelming driver of its economy – hit an all-time high in the month of March.  Specifically, the EU’s most powerful nation recorded $142 billion in exports.  This achievement was a full 7.3% than in February (!) and indicates a surging interest in German goods.

By contrast, German imports of goods, while also up, only increased by 3.1%.  Clearly the balance of trade is very favorable for Germany.

Why am I reporting German export figures, practically a first for the blog?  Because in my 2011 Predictions and at other moments on the blog I have stated that the EU economic crises would be backstopped by Germany.  Of all European nations Germany benefits the most from the EU.  The free trade zone allows them to export their goods and services duty free to other European nations.  A huge advantage for the world’s second largest exporter.

Thus, the bailout of other Eurozone nations is having the intended consequence that Germany’s politicians had intended: stabilization of the buyer’s of German goods.

Jason