German Trade Surplus Widens in November
Germany posted a EUR 22.6 billion trade surplus in November of 2016, compared to a EUR 20.5 billion surplus reported a year earlier, as exports rose more than imports.
In November, sales grew by 5.6 percent from a year earlier to EUR 108.5 billion while imports went up 4.5 percent t0 EUR 85.8 billion.
Germany exported goods to the value of EUR 63.2 billion (+4.3 percent year-on-year) to the Member States of the European Union, while it imported goods to the value of EUR 56.9 billion (+4.8 percent) from those countries. Goods to the value of EUR 39.7 billion (+5.2 percent) were dispatched to the Euro Area countries while the value of the goods received from those countries was EUR 38.0 billion (+3.0 percent). Sales to EU countries not belonging to the Euro Area increased by 2.8 percent to EUR 23.6 billion while the value of the goods which arrived from those countries was EUR 19.0 billion (+8.5 percent). Exports to countries outside the European Union amounted to EUR 45.2 billion in September 2016 (+7.6 percent) while imports from those countries totaled EUR 28.9 billion (+3.9 percent).
In October 2016, trade surplus was marginally revised to EUR 19.4 billion.
On a seasonally adjusted basis, exports rose 3.9 percent from the previous month while imports increased by 3.5 percent.
1/9/2017 7:59:57 AM