BERLIN (AP) — Germany’s trade surplus hit a new high in 2013, official figures showed Friday, underscoring concerns that Europe’s largest economy is relying too heavily on exports and not doing enough to encourage domestic demand.

The Federal Statistical Office said exports in 2013 dropped by 0.2 percent over 2012 to 1.09 trillion euros ($1.47 trillion) as imports fell 1.2 percent to 895 billion euros. The resulting trade surplus of 198.9 billion euros was the highest value ever recorded, beating the 195.3 billion-euro surplus of 2007 and up from last year’s 189.8 billion euros.