Official figures have confirmed that for the month of November, German exports managed to record a rise, making it the third consecutive month to do so, as the global economy slowly returns back to growth after the financial crisis. Imports, however, declined on the back of weaker domestic demand.

On Friday, figures shared by the Federal Statistics Office revealed that total goods exports hiked to 1.6% in November as compared to the figure of October, when taking into account seasonal factors and workday effects.

Imports for the month, on the other hand, fell by 5.9%.

When compared with the data for 2008, it was discovered that for 2009's November, the sharp downward trend in exports managed to ease, while imports continued to register declines of double
-digits.

"Exports should continue to lead the recovery this year", said Carsten Brzeski, an economist at ING Bank NV.

A breakdown of data on the basis of region revealed that Germany had benefitted the most from strong trade partnerships with Asia.