World Economy

German Trade Surplus Rising

German Trade Surplus RisingGerman Trade Surplus Rising

Germany’s trade surplus is expected to rise to a new record in 2015 thanks to falls in the prices of imported oil and gas, Der Spiegel reported. The finance ministry is estimating a trade surplus of 8.1% of economic output after 7.6% last year, the magazine said, citing an internal ministry document. The lower cost of imports of oil and gas is expected to boost the trade balance by around 1.2% alone, the document said. Without the decline in oil and gas prices, the trade surplus would have fallen compared with the previous year.