German Trade Surplus Little-Changed in March


The German trade surplus came in at EUR 25.2 billion in March of 2018, little-changed from the previous year's EUR 25.1 billion, as exports fell less than imports.

Exports fell 1.8 percent from a year earlier to EUR 116.1 billion in March, as sales to countries outside the EU declined by 5.9 percent to EUR 47.4 billion. In contrast, sales to the EU grew by 1.3 percent to EUR 68.7 billion, as an increase in exports to Euro area countries (4.4 percent to EUR 44.2 billion) offset a decline to other European countries (-3.9 percent to EUR 24.5 billion). 

Imports declined at a faster 2.3 percent to EUR 90.9 billion, with purchases from countries outside the EU dropping by 5.9 percent to EUR 37.5 billion. Meantime, imports from the EU rose 0.4 percent to EUR 53.3 billion, driven by purchases from Euro area countries (1.7 percent to EUR 35.0 billion) while those from other European countries fell (-2 percent to EUR 18.3 billion). 

On a seasonally adjusted basis, the trade surplus increased to EUR 22 billion in March from an upwardly revised EUR 19.4 billion in the previous month and above market expectations of EUR 19.8 billion. Exports grew by 1.7 percent while imports dropped unexpectedly by 0.9 percent.

Considering the first quarter of the year, the non-adjusted trade surplus widened to EUR 61 billion from EUR 59.6 billion in the same period 2017.


German Trade Surplus Little-Changed in March


Destatis | Rida | rida@tradingeconomics.com
5/8/2018 9:39:28 AM