01 September 2010 15:43 [Source: ICIS news]
TORONTO (ICIS)--Strong exports of chemicals, autos and machinery in the first half of 2010 have pulled ?xml:namespace>
However, Berlin-based DIW institute warned that
In the 2010 second quarter exports “almost exploded”, as
The main beneficiaries of the soaring exports were the chemicals, auto and machinery industries, the institute said. Those three sectors accounted for 45% of
The main exports markets for German industrial producers were EU member states, followed by the
DIW research professor Mechthild Schrooten warned that permanent trade surpluses, which translated into deficits in other countries, were risky for
In order to boost domestic demand,
In an noteworthy finding, the study said that
The sector’s “revealed comparative advantage” – a metric that tries to measure international comparative cost advantages – was negative in the past five years, the study found.
This was due to significant changes in the pharmaceuticals sector, including new legal rules on the re-import of drugs, as well as a wave of mergers that had strengthened pharmaceuticals production outside of
($1 = €0.79)
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