German Trade Surplus Smallest In 3 Months


German trade surplus fell to EUR 18.1 billion in April of 2017 from EUR 25.3 billion in the same month a year earlier. It was the smallest trade surplus since January, as exports declined 2.9 percent year-on-year to EUR 101.0 billion while imports increased 5.4 percent to EUR 83.0 billion.

Sales went down to the EU (-0.5 percent to EUR 60.9 billion); to the Euro Area countries (-0.2 percent to EUR 38.3 billion); to EU countries not belonging to the Euro Area (-1.0 percent to EUR 22.6 billion); and to countries outside the European Union (-6.3 percent to EUR 40.2 billion).

Imports rose from the EU (3.9 percent to EUR 55.0 billion); from the Euro area countries (4.1 percent to EUR 37.1 billion); from EU countries not belonging to the Euro area (3.5 percent to EUR 17.9 billion); and from countries outside the European Union (8.6 percent to EUR 27.9 billion). 

In March 2017, the trade surplus was marginally revised to EUR 25.3 billion.

On a seasonally adjusted basis, the trade surplus came in at EUR 19.8 billion, as exports rose 0.9 percent from the prior month and imports went up 1.2 percent.

Destatis l Rida Husna | rida@tradingeconomics.com
6/9/2017 9:37:55 AM