Germany Trade Surplus Widens in January


Germany exported commodities to the value of 88.6 billion euros and imported commodities to the value of 74.9 billion euros in January 2013. Based on provisional data, the Federal Statistical Office also reports that German exports increased by 3.1 percent and imports by 2.9 percent in January 2013 on January 2012.

The foreign trade balance showed a surplus of 13.7 billion euros in January 2013. In January 2012, the surplus had amounted to 13.2 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 15.7 billion euros in January 2013.

In January 2013, Germany dispatched commodities to the value of 52.0 billion euros to the Member States of the European Union (EU), while it received commodities to the value of 46.9 billion euros from those countries. Compared with January 2012, dispatches to the EU countries increased by 2.1 percent and arrivals from those countries by 4.6 percent. Commodities to the value of 34.3 billion euros (+0.4 percent) were dispatched to the Euro area countries in January 2013, while the value of the commodities received from those countries was 32.3 billion euros (+2.8 percent).
 
Exports of commodities to countries outside the European Union (third countries) amounted to 36.6 billion euros in January 2013, while imports from those countries totalled 28.0 billion euros. Compared with January 2012, exports to third countries increased by 4.5 percent and imports from those countries by 0.2 percent.

Destatis | Nuno Fontes | nuno@tradingeconomics.com
3/11/2013 9:24:04 AM