German Trade Surplus Widens in September



German trade surplus widened to EUR 24.1 billion in September 2017 from EUR 23.7 billion in the same month a year earlier, as exports rose by 4.6 percent year-on-year to EUR 110.4 billion and imports increased by 5.5 percent to EUR 86.3 billion.

In September, exports to the EU grew by 3.3 percent to EUR 65.0 billion, of which Euro area countries (4.2 percent to EUR 40.8 billion) and other European countries (1.7 percent to EUR 24.2 billion). Also, sales to countries outside the EU went up by 6.5 percent to EUR 45.4 billion.

Imports from the EU rose 4.7 percent to EUR 57.6 billion, of which Euro area countries (3.7 percent to EUR 38.1 billion) and other European countries (6.8 percent to EUR 19.5 billion). In addition, inbound shipments from countries outside the EU increased by 7.1 percent to EUR 28.7 billion.

Considering January to September 2017, the trade surplus narrowed to EUR 184.8 billion from EUR 189.8 billion in the same period of 2016.

On a seasonally adjusted basis, the trade surplus increased to EUR 21.8 billion from a marginally revised EUR 21.3 billion in August, beating market expectations of EUR 21.1 billion. Exports declined by 0.4 percent, following a downwardly revised 2.0 percent rise in a month earlier. Imports fell unexpectedly by 1.0 percent, compared to a downwardly revised 0.8 percent growth in August.


German Trade Surplus Widens in September


Destatis l Rida Husna | rida@tradingeconomics.com
11/9/2017 8:59:18 AM