German Posts Record High Trade Surplus in 2014


German trade surplus widened 11.3 percent to €217 billion in 2014, boosted by sales to the European Union countries. In December, the trade surplus increased to €19.1 billion from €3.6 billion a year earlier, as exports posted the highest gain in more than two years.

From January to December 2014, exports and imports reached record highs: shipments rose 3.7 percent to €1133.6 billion while imports grew 2.0 percent to € 916.5 billion. Compared with 2013, sales to the EU countries increased by 5.4 percent to €657.3 billion and arrivals from those countries increased 3.6 percent to €599.9 billion. Goods to the value of €414.2 billion (2.7 percent) were dispatched to the Euro area countries in 2014, while the value of the goods received from those countries was €411.4 billion (2.3 percent). Exports to countries outside the European Union amounted to €476.2 billion (1.5 percent) in 2014, while imports from those countries totaled €316.6 billion (-0.9 percent). 

In December, the country exported goods to the value of € 90.1 billion and imported goods to the value of €71.1 billion. Year-on-year, exports increased by 10.0 percent while imports grew by 4.0 percent.

Germany dispatched goods to the value of €50.8 billion (+9.5 percent) to the Member States of the European Union, while it received goods to the value of € 46.3 billion (+3 percent) from those countries. Goods to the value of € 32.0 billion (+6.3 percent) were dispatched to the Euro area countries in December 2014, while the value of the goods received from those countries was €31.7 billion (+0.8 percent). Exports to countries outside the European Union amounted to €39.3 billion in December 2014 (+10.5 percent), while imports from those countries totaled €24.7 billion (+6.0 percent). 

After calendar and seasonal adjustment, exports increased by 3.4 percent and imports fell by 0.8 percent compared with the preceding month.

German Posts Record High Trade Surplus in 2014


Destatis l Rida Husna l rida@tradingeconomics.com
2/9/2015 9:16:12 AM