German Trade Surplus Smallest in 6 Months
Germany posted a EUR 19.5 billion trade surplus in July of 2016, down from EUR 24.8 billion reported a year earlier. It was the smallest trade surplus since January as exports fell 10.0 percent year-on-year while imports shrank 6.5 percent.
In July, the country exported goods to the value of EUR 96.4 billion, while imported goods to the value of EUR 76.9 billion.
Germany exported goods to the value of EUR 56.3 billion (-7.0 percent year-on-year) to the Member States of the European Union, while it imported goods to the value of EUR 51.3 billion (-4.5 percent) from those countries. Goods to the value of EUR 35.5 billion (-6.0 percent) were dispatched to the Euro area countries while the value of the goods received from those countries was EUR 35.4 billion (-4.4 percent). Sales to EU countries not belonging to the Euro area decreased by 8.8 percent to EUR 20.8 billion while the value of the goods which arrived from those countries was EUR 15.9 billion (-4.8 percent). Exports to countries outside the European Union amounted to EUR 40.1 billion in July 2016 (-13.8 percent), while imports from those countries totaled EUR 25.6 billion (-10.1 percent).
In June 2016, trade surplus was marginally revised to EUR 24.7 billion
On a seasonally adjusted basis, exports dropped by 2.6 percent while imports 0.7 percent.
9/9/2016 7:32:39 AM