German 2015 Trade Surplus at Record High


German trade surplus grew to a record of €247.8 billion in 2015 from the previous peak of €213.6 billion reported in 2014 as exports and imports set new highs.

In 2015, exports went up 6.4 percent to €1,195.8 billion and import increased 4.2 percent to €948.0 billion, reaching a new fresh all-time highs.

In 2015, Germany dispatched goods to the value of €693.9 billion to the Member States of the European Union (EU), while it received goods to the value of €621.6 billion from those countries. Compared with 2014, dispatches to the EU countries increased by 7 percent, and arrivals from those countries by 4.5 percent. Goods to the value of €435 billion (+5.9 percent) were dispatched to the Euro area countries in 2015, while the value of the goods received from those countries was €426.5 billion (+3.8 percent).
 
Exports of goods to countries outside the European Union (third countries) amounted to €501.9 billion in 2015, while imports from those countries totalled €326.5 billion. Compared with 2014, exports to third countries increased by 5.6 percent and imports from those countries rose by 3.5 percent.

In December, trade surplus decreased to €18.8 billion from €18.94 billion surplus reported in the same month of the previous year. Germany exported goods to the value of €91.9 billion (+3.2 percent year-on-year) and imported goods to the value of €73.1 billion (+3.5 percent). In calendar and seasonally adjusted terms, both exports and imports were down 1.6 percent from November 2015.
 

 


German 2015 Trade Surplus at Record High


Destatis | Joana Taborda | joana.taborda@tradingeconomics.com
2/9/2016 11:48:57 AM