German Trade Surplus Narrows in November


German trade surplus decreased to € 17.9 billion in November of 2014 from € 21.5 billion a year earlier, as imports rose faster than exports.

Germany exported goods to the value of 95.8 billion euros and imported goods to the value of 78.0 billion euros in November of 2014. Year-on-year, exports increased by 1.4 percent and imports by 1.7 percent.

The country dispatched goods to the value of 56.0 billion euros to the Member States of the European Union, while it received goods to the value of 51.4 billion euros from those countries. Compared with November 2013, dispatches to the EU countries increased by 4.8 percent, and arrivals from those countries by 3.2 percent. Goods to the value of 35.0 billion euros (+2.2 percent) were dispatched to the Euro area countries in November 2014, while the value of the goods received from those countries was 35.0 billion euros (+3.1 percent). In  November 2014,  goods to the value of 21.1 billion euros (+9.4 percent) were dispatched to EU countries not belonging to the Euro area, while the value of the goods which arrived from those countries was 16.4 billion euros (+ 3.4 percent).

Exports of goods to countries outside the European Union amounted to 39.8 billion euros in November 2014, while imports from those countries totalled 26.6 billion euros. Compared with November 2013, exports to third countries decreased by 3.0 percent and imports from those countries by 1.1 percent.

After calendar and seasonal adjustment, exports declined by 2.1 percent and imports rose by 1.5 percent compared with the preceding month.

German Trade Surplus Narrows in November


Destatis l Rida Husna l rida@tradingeconomics.com
1/9/2015 7:21:51 AM