German Trade Surplus Widens in April
Germany posted a 25.6 EUR billion in April of 2016, up from 21.8 EUR billion reported a year earlier as exports rose 3.8 percent year-on-year while imports were nearly unchanged.
In April, the country exported goods to the value of 104.3 EUR billion, while imported goods to the value of 78.7 EUR billion.
Germany dispatched goods to the value of 61.3 EUR billion (+7.3 percent year-on-year) to the Member States of the European Union, while it received goods to the value of 52.9 EUR billion (+2.0 percent) from those countries. Goods to the value of 38.4 EUR billion (+5.8 percent) were dispatched to the Euro area countries while the value of the goods received from those countries was 35.6 EUR billion (-0.9 percent). Sales to EU countries not belonging to the Euro area increased by 9.8 percent to 22.8 EUR billion while the value of the goods which arrived from those countries was 17.23EUR billion (+8.5 percent).
Exports to countries outside the European Union amounted to 43.0 EUR billion in April 2016 (-0.7 percent), while imports from those countries totaled 25.7 EUR billion (-3.8 percent).
In March 2016, trade surplus was upwardly revised to 26.2 EUR billion, the largest on record.
On a seasonally adjusted basis, exports were unchanged in April, while imports fell 0.2 percent. That brought the trade surplus to 24.0 EUR billion.
6/9/2016 7:41:11 AM