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FACTBOX-Five facts about Germany's export sector

Published 02/11/2009, 07:04 PM
Updated 02/11/2009, 07:08 PM
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Feb 12 (Reuters) - Hammered by a global slump, German exports fell sharply in December after a record decline the previous month, setting the seal on a quarter which economists say was probably a record contraction in Europe's biggest economy.

Following are five facts about Germany's export sector:

* Germany has been the world's biggest exporter of goods since 2003, though economists expect China to surpass it soon.

* At 184 billion euros ($238 billion), cars and car parts accounted for the biggest chunk of German exports in 2007, the last full-year for which data is available. Machines came next followed by chemical products, and then metals and semi-finished metal goods.

* France is the biggest market for German exports, accounting for around 10 percent of the total in 2007.

* A marked slowdown in exports dragged German economic growth to a three-year low of 1.3 percent in 2008.

* The BGA trade association expects German export sales will decline by between 4 and 6 percent this year. (Compiled by Paul Carrel)

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