Testimonials

Excellent overall rating for Norwegian export service from RW Freight

Norway Groupage Exporter
73579

I am very pleased with the service I received from RW Freight Services when they dealt with my export to Norway. Their staff were always happy to help me with any queries I had and the whole shipment ran very smoothly.

Export Freight to Norway
31946

Top marks to RW Freight

Norway Groupage Exporter
88202

More Testimonials

air freight Australia Brexit Canada cargo China container containers Covid-19 Denmark exporters exports exports China Finland France freight freight forwarders freight forwarding Freight Shipping Germany Gothenburg Hong Kong imports India Ireland italy Japan logisitics logistics Netherlands Norway Poland rail freight russia Seafreight shipping South Africa Spain Sweden Sweden freight Swedish Switzerland Turkey USA wine

German exports growth cut on Brexit

Tags: , ,


Germany’s BGA trade association slashed its 2016 forecast for export growth, its head said last week, predicting sales abroad may later stagnate as the delayed impact of Brexit hit home.

Global demand for German imports has slowed significantly, with several factors increasing uncertainties and complicating investment decisions, Anton Boerner said.

“The repercussions will impact us massively in the near future,” he told Reuters in an interview. That effect had yet to be felt in the export sector, which the association forecast in April would grow by 4.5% this year.

Exports – traditionally the main driver of Germany’s economy – had increased by 6.5% as recently as 2015, but Mr Boerner said the outlook beyond 2016 was more modest.

“Exports are set to stagnate, possibly as early as 2017 if viewed pessimistically,” Mr Boerner said.
German exports to Britain, its third most important market, stagnated compared with last year in the first six months at around €44.8bn.

Exports to the USA and France, Germany’s two biggest markets, fell 4% to €53.4bn and 2% percent to €52.1bn respectively in the first half.