Germany Trade Surplus Widens in February


Germany exports amounted to € 88.7 billion and imports to € 71.9 billion in February 2013. German exports decreased by 2.8 percent and imports by 5.9 percent in February 2013 on February 2012. Upon calendar and seasonal adjustment, exports decreased by 1.5 percent and imports by 3.8 percent compared with January 2013.

The foreign trade balance showed a surplus of € 16.8 billion in February 2013. In February 2012, the surplus had amounted to € 14.9 billion. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of € 17.1 billion in February 2013. 

In February 2013, Germany dispatched commodities to the value of € 51.5 billion to the member states of the European Union, while it received commodities to the value of € 46.4 billion from those countries. Compared with February 2012, dispatches to the EU countries decreased by 3.4 percent and arrivals from those countries by 4.5 percent. Commodities to the value of € 33.8 billion (-4.1 percent) were dispatched to the Euro Area countries in February 2013, while the value of the commodities received from those countries was € 32.1 billion (-5.7 percent). 
 
Exports of commodities to countries outside the European Union amounted to € 37.2 billion in February 2013, while imports from those countries totalled € 25.5 billion. Compared with February 2012, exports to countries outside the European Union decreased by 1.9 percent and imports from those countries by 8.3 percent. 

Destatis | Nuno Fontes | nuno@tradingeconomics.com
4/9/2013 2:55:39 PM