German Trade Surplus Smallest in 2-1/2-Year



Germany posted a 13.60 EUR billion trade surplus in January of 2016, down from 15.90 EUR billion reported a year earlier. It is the lowest trade surplus since August 2013, as exports declined by 1.4 percent while imports grew by 1.5 percent.

In January, the country exported goods to the value of 88.70 EUR billion, while imported goods to the value of 75.20 EUR billion. 

Germany dispatched goods to the value of 54.70 EUR billion (+1.0 percent year-on-year) to the Member States of the European Union, while it received goods to the value of 48.40 EUR billion (+3.0 percent) from those countries. Goods to the value of 34.30 EUR billion (-0.1 percent) were dispatched to the Euro area countries in January 2016 while the value of the goods received from those countries was 33.30 EUR billion (+2.7 percent). Sales to EU countries not belonging to the Euro area increased by 2.90 percent to 20.40 EUR billion while the value of the goods which arrived from those countries was 15.10 EUR billion (+3.80 percent).

Exports to countries outside the European Union amounted to 34.0 EUR billion in November 2015 (-5.0 percent), while imports from those countries totaled 26.70 EUR billion (-3.4 percent). 

On a seasonally adjusted basis, exports fell by 0.5 percent while imports rose 1.2 percent. That brought the trade surplus to 18.90 EUR billion.

In December 2015, the country posted an upwardly revised 26.30 EUR billion trade surplus.

German Trade Surplus Smallest in 2-1/2-Year


Destatis l Rida Husna | rida@tradingeconomics.com
3/10/2016 8:15:06 AM