China beats Germany as world’s top exporter

China has beaten Germany to become the world’s leading exporter according to latest figures released in Frankfurt.

According to the figures, China exported $1,050 billion worth of merchandise in the 11 months of 2009 from January to November, compared with $1,030 billion for Germany.

Germany’s shortfall of $20 billion makes it lag behind China.

In November, the German trade surplus climbed to €17.2 billion, according to seasonally corrected figures from the German national statistics office Destatis service, from €13.6 billion in October amid a pick up in global trade.

German exports to China had increased by almost 12% from November 2008.

By Emmanuel K. Dogbevi