German Trade Surplus Widens in November
The German trade surplus increased to EUR 23.7 billion in November 2017 from EUR 22.0 billion in the same month a year earlier, as exports rose by 8.2 percent to EUR 116.5 billion and imports grew by 8.3 percent to EUR 92.8 billion.
In November, exports to the EU grew by 8.0 percent to EUR 67.9 billion, of which Euro area countries (9.1 percent to EUR 43.0 billion) and other European countries (6.2 percent to EUR 24.9 billion). Also, sales to countries outside the EU went up by 8.4 percent to EUR 48.5 billion.
Imports from the EU rose 9.5 percent to EUR 62.1 billion, of which Euro area countries (9.5 percent to EUR 41.3 billion) and other European countries (9.6 percent to EUR 20.8 billion). In addition, inbound shipments from countries outside the EU increased by 5.9 percent to EUR 30.7 billion.
Considering January to November, the trade surplus narrowed to EUR 226.8 billion from EUR 230.6 billion in the same period of 2016.
On a seasonally adjusted basis, the trade surplus widened to EUR 22.3 billion from EUR 19.9 billion in October and above estimates of EUR 20.9 billion
, as exports jumped 4.1 percent and imports increased at a softer 2.3 percent.
1/9/2018 9:46:38 AM