German Trade Surplus Narrows Slightly In March


German trade surplus narrowed slightly to EUR 25.4 billion in March of 2017 from EUR 25.8 billion in the same month a year earlier. Exports rose 10.8 percent year-on-year to a record EUR 118.2 billion and imports went up at a faster 14.7 percent to an all-time high of EUR 92.9 billion.

In March, exports were recorded at EUR 118.2 billion and imports came in at EUR 92.9. These were the highest monthly figures on record for both exports and imports.

Sales went up to the EU countries (8.7 percent to EUR 68.0 billion); followed by those to the Euro area countries (9.2 percent to EUR 42.4 billion); EU countries not belonging to the Euro area (7.8 percent to EUR 25.6 billion); and countries outside the European Union (13.9 percent to EUR 50.3 billion). 

Imports rose to the EU countries (13.5 percent to EUR 61.1 billion); the Euro area countries (12.5 percent to EUR 41.3 billion); EU countries not belonging to the Euro area (15.7 percent to EUR 19.8 billion); and countries outside the European Union (17.1 percent to EUR 31.8 billion).

In February 2017, the trade surplus was marginally revised to EUR 20.0 billion.

On a seasonally adjusted basis, the trade surplus fell to EUR 19.6 billion from EUR 21.2 billion in February, as exports rose 0.4 percent and imports jumped 2.4 percent.

German Trade Surplus Narrows Slightly In March


Destatis l Rida Husna | rida@tradingeconomics.com
5/9/2017 11:07:21 AM