German 2016 Trade Surplus Hits Fresh Record High


Germany posted a new record high of surplus at EUR 252.9 billion in 2016, surpassing the previous high of EUR 244.3 billion in 2015, as exports rose more than imports. In December 2016 alone, trade surplus was recorded at EUR 18.7 billion, compared to EUR 18.4 billion surplus a year earlier.

In 2016, German exports increased by 1.2 percent compared to a year earlier to EUR 1,207.5 billion while imports went up 0.6 percent to EUR 954.6 million. Exports and imports in 2016 exceeded the previous record highs of 2015, when goods to the value of  EUR 1,193.6 billion had been exported and goods to the value of  EUR 949.2 billion had been imported. 

From January to December 2016, Germany exported goods to the value of EUR 707.9 billion to the Member States of the European Union (EU), while it imported goods to the value of EUR 632.5 billion from those countries. Compared with 2015, exports to the EU countries increased by 2.2 percent while imports from those countries by 1.8 percent. Goods to the value of EUR 441.8 billion (+1.8 percent) were dispatched to the Euro area countries in 2016, while the value of the goods received from those countries was EUR 428.9 billion (+0.7 percent). In 2016, goods to the value of EUR 266.1 billion (+2.8 percent) were exported to EU countries not belonging to the Euro area, while the value of the goods imported from those countries was EUR 203.6 billion (+4.1 percent). 

Exports of goods to countries outside the European Union (third countries) amounted to EUR 499.6 billion in 2016, while imports from those countries totalled EUR 322.1 billion. Compared with 2015, exports to third countries decreased by 0.2 percent and imports from those countries by 1.7 percent.

In December 2016, sales rose 6.3 percent from a year earlier to EUR 97.4 billion while imports increased by 7.4 percent to EUR 78.7 billion. After calendar and seasonal adjustment, exports declined by 3.3 percent on November 2016, while imports remained unchanged compared with the previous month.

German 2016 Trade Surplus Hits Fresh Record High


Destatis l Rida Husna | rida@tradingeconomics.com
2/9/2017 8:29:58 AM