German Trade Surplus Largest in 3 Months
Germany posted a EUR 24.4 billion trade surplus in September of 2016, up from EUR 22.3 billion reported a year earlier. It was the largest surplus since June, as exports rose while import fell.
In September, sales went up 0.9 percent from a year earlier to EUR 106.4 billion while imports dropped by 1.4 percent to EUR 82.0 billion.
Germany exported goods to the value of EUR 63.4 billion (+2.3 percent year-on-year) to the Member States of the European Union, while it imported goods to the value of EUR 55.2 billion (-0.3 percent) from those countries. Goods to the value of EUR 39.5 billion (+2.3 percent) were dispatched to the Euro Area countries while the value of the goods received from those countries was EUR 37.0 billion (-2.2 percent). Sales to EU countries not belonging to the Euro Area increased by 2.2 percent to EUR 24.0 billion while the value of the goods which arrived from those countries was EUR 18.3 billion (+3.8 percent). Exports to countries outside the European Union amounted to EUR 43.0 billion in September 2016 (-1.0 percent), while imports from those countries totaled EUR 26.8 billion (-3.6 percent).
In August 2016, trade surplus stood at EUR 20.0 billion.
On a seasonally adjusted basis, exports declined by 0.7 percent in September while imports dropped by 0.5 percent from the previous month.
11/8/2016 7:29:17 AM