Asia Unhedged | Germany’s record trade surplus an emerging markets story
Photo: Reuters, Ruben Sprich
Photo: Reuters, Ruben Sprich
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Germany’s record trade surplus an emerging markets story

Rising demand from China, Russia, and India a sign that EMs are leaving their rut.

March 10, 2017 8:40 PM (UTC+8)

Germany’s record trade surplus for 2016 was due to trade with developing countries, Handelsblatt quotes economist Volker Treier of the Deutsche Industrie-und Handelskammertag. Total trade with the European Union was up 8%, but trade with the rest of the world rose by 17.7%, due to rising demand from China, Russia, India, and to a lesser extent from Brazil. “The emerging markets have now left their long economic rut, even if individual markets like Turkey remain a difficulty.”

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