German exports set record of a trillion euros in 2011

Germany's trade surplus reached 158bn euros (£132bn; $209bn) in 2011 on record exports that rose 11.4% to top 1tn euros for the first time. The national statistics office also said that imports rose 13.2% to reach an all-time high of 902bn euros.

http://www.bbc.co.uk/news/business-16941142

Current account deficits and exchange rates

Phil Holden again:

http://www.youtube.com/user/pajholden#p/u/51/yCjwXz7ZXwU

Will a weaker £ be good for the UK economy?

The following two items suggest that the falling value of the pound is starting to have an impact on exports and imports. The Guardian reports that there has been a big jump in exports on the back of the weaker pound which has triggered a sharp drop in Britain's trade deficit.

http://aquestionofeconomics.blogspot.com/2009/04/signs-that-weaker-pound-is-having.html

Youtube on Current account deficits and exchange rates

http://www.youtube.com/watch?v=yCjwXz7ZXwU&feature=related