ID :
150576
Sun, 11/21/2010 - 10:51
Auther :

MALAYSIA ASSERTS POSITION AS LEADING ASEAN EXPORTING NATION TO GERMANY


By Manik Mehta

BERLIN, Nov 20 (Bernama) -- Malaysia continued to retain its leading
position as the Asean region's number one exporter to Germany in the first
nine-months of the year.

According to the Hamburg based German-Asia Pacific Business Council,
Malaysia's exports to Germany rose 47.9 per cent to 4.046 billion euros during
the January-September 2010 period, from 2.736 billion euros previously.

However, Malaysia's imports from Germany for the first months of the year
also rose 42.5 per cent to 3.168 billion euros, up from 2.228 billion in the
year-earlier period.

Germany's imports have been buoyed by the strong economic recovery which
the country staged, even as other countries in the West, particularly the
United States, continue to be mired in the crisis that has not fully receded.

Total Asean exports to Germany rose 37.7 per cent to 17.110 billion euros
while Asean imports into Germany rose 33.8 per cent to 13.025 billion euros
during the period under review.

The Asia-Pacific region's total exports to Germany amounted to 111.725
billion euros during the January-September 2010 period, up 33.1 per cent from
83.349 billion euros registered in the year-earlier period.

German exports to the Asia-Pacific region also jumped 39.1 per cent to
91.312 billion euros, up from 65.629 billion euros recorded in the same period
last year.

Its exports to the Asia-Pacific rose twice as fast as the overall German
exports in the first nine-months of the year, thanks to demand from China which
rose 49.4 per cent to nearly 39 billion euros.

In effect, over 40 per cent of German exports to Asia were absorbed by
China.

Germany's balance-of-trade deficit with the Asia-Pacific region increased
slightly, rising from 18.3 billion euros to 20.4 billion euros in the period
under review.

-- BERNAMA


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