Germany Trade Surplus Widens Again in March


Germany exports amounted to € 94.6 billion and imports to € 75.8 billion in March 2013. German exports decreased by 4.2 percent and imports by 6.9 percent in March 2013 on March 2012. Upon calendar and seasonal adjustment, exports increased by 0.5 percent and imports by 0.8 percent compared with February 2013.

The foreign trade balance showed a surplus of 18.8 billion euros in March 2013. In March 2012, the surplus had amounted to 17.4 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 17.6 billion euros in March 2013. 
 
In March 2013, Germany dispatched commodities totalling € 53.8 billion to the Member States of the European Union, while it received commodities worth € 50.4 billion from those countries. Compared with March 2012, dispatches to the EU countries decreased by 5.4 percent and arrivals from those countries by 3.7 percent. 
 
A total of € 35.3 billion in goods (-7.0 percent) was dispatched to Euro area countries in March 2013, while the value of the commodities received from those countries was € 35.5 billion (-4.6 percent). In March 2013, commodities valued in € 18.5 billion (-2.2 percent) were dispatched to EU countries not belonging to the Euro area, while the value of the commodities which arrived from those countries was 15.0 billion euros (-1.5 percent). 
 
Exports of commodities to countries outside the European Union amounted to € 40.8 billion in March 2013, while imports from those countries totalled € 25.3 billion. Compared with March 2012, exports to third countries decreased by 2.6 percent and imports from those countries by 12.8 percent.

Destatis | Nuno Fontes | nuno@tradingeconomics.com
5/10/2013 8:53:16 AM