German Trade Surplus Narrows Slightly in December


The German trade surplus fell slightly to EUR 18.2 billion in December 2017 from EUR 18.3 billion in the same month a year earlier.

Exports rose 3.9 percent year-on-year to EUR 100.9 billion in December. Sales to the EU grew by 7.8 percent to EUR 58.0 billion, of which Euro area countries (8.7 percent to EUR 37.2 billion) and other European countries (6.3 percent to EUR 20.8 billion). Meanwhile, exports to countries outside the EU declined by 0.9 percent to EUR 42.9 billion.

Imports increased at a faster 5 percent to EUR 82.7 billion. Purchases from the EU rose 6.4 percent to EUR 55.0 billion, of which Euro area countries (6.1 percent to EUR 37.4 billion) and other European countries (7.2 percent to EUR 17.6 billion). Also, inbound shipments from countries outside the EU increased by 2.3 percent to EUR 27.7 billion.

In 2017, Germany's trade surplus went down to EUR 244.9 billion from its record-high of EUR 248.9 billion reached in the previous year. It was the first decline since 2009.

On a seasonally adjusted basis, the trade surplus fell to EUR 21.4 billion from EUR 22.3 billion in November and below market expectations of EUR 21.7 billion. Imports jumped 1.4 percent from the previous month and exports rose at a slower 0.3 percent.

German Trade Surplus Narrows Slightly in December


Destatis l Rida Husna | rida@tradingeconomics.com
2/8/2018 9:08:48 AM