KUALA LUMPUR: Although exports to Germany have declined in recent years, Malaysia remains the top Asean country in exports to the European country through the first quarter of 2012, a new report from the Hamburg-based Asia Pacific Business Council reported. According to their report, Malaysian exports to Germany in the first part of the year were at some 1.36 billion euros, but down a shocking 17 percent from the previous year. The Asia Pacific Business Council consists of members who are all German companies dealing with or having any industrial or business dealings with the Asia Pacific region. German exports to Malaysia in the same three-month period of 2012 rose to 1.255 billion euros, up 18 percent from the same period of the previous year. In respect of imports from Germany, Malaysia is placed second behind Singapore within the ASEAN group. Total exports by Asean member states was at 6.653 billion euros in the first quarter of the year, up 23.1 per cent over the same period from the previous year. Total German exports to the ASEAN member states amounted to 5.091 billion euros, up 11.2 percent from the same period previously. Imports from the entire Asia-Pacific region at 39.678 billion Euros, down 2.3 percent over the corresponding period previously while German exports to the region rose to 37.919 billion euros, up 8.7 percent.
