German Trade Surplus Widens in June


In June, Germany's trade balance registered a surplus of €16.9 billion, up from €13.6 billion a month earlier as exports grew more than imports.

In June, exports rose to €92.8 billion from €88.6 billion in May. The rise in exports was driven by sales to non-European Union countries which were up 2.2 percent on the year to €39.2 billion. Shipments to the Member States of the European Union amounted to €53.6 billion, of which €35.0 billion were shipments to Euro Area countries.

Imports increased slightly to €75.9 billion from €75.0 billion in the previous month. Imports from the EU totalled €49.1 billion of which €34.8 billion came from the Euro Area. Purchases from non-European Union Members decreased 2.7 percent on the year to €26.7 billion.

German Trade Surplus Widens in June


Destatis | Nuno Fontes | nuno@tradingeconomics.com
8/8/2013 9:45:47 AM