German trade surplus widens to new record high in Septmber

BERLIN – Germany’s trade surplus widened in September to a record high, as exports rose and imports dropped in a development underlining criticism that Europe’s largest economy is relying too heavily on foreign trade.

The Federal Statistical Office reported Friday that exports were up 1.7 per cent to 92.8 billion euros ($124 billion) in September over August, when adjusted for seasonal and calendar differences. Imports dropped 1.9 per cent to 73.9 billion euros.

The office says the adjusted trade surplus in September was a new record high 18.8 billion euros, up from a revised 15.8 billion euros in August.

The United States a week ago criticized Germany for its large trade surplus, saying it was causing troubles in the euro-area debt crisis for its neighbours. It urged Germany to push for more domestic-led growth.