German Exports Shrug Off Debt Woes to Breach EU1 Trillion Sales

German exports in 2011 will probably breach the 1 trillion euro ($1.3 trillion) level for the first time as demand from developing states offsets waning sales in Europe, the BGA Exporters and Wholesalers said.

Export sales will likely grow 12 percent this year to 1.075 trillion euros from last year and expand at least 6 percent in 2012 to 1.14 trillion euros, the Berlin-based group said today in presenting its outlook. This year’s sales will yield a trade surplus of 156 billion euros, or 3 billion euros more than in 2010, the group said.