German Trade Surplus Widens in June
Germany posted a EUR 24.9 billion trade surplus in June of 2016, up from EUR 23.9 billion reported a year earlier as exports rose 1.2 percent year-on-year while imports grew 0.3 percent.
In June, the country exported goods to the value of EUR 106.8 billion, while imported goods to the value of EUR 82.0 billion.
Germany dispatched goods to the value of EUR 62.7 billion (+2.3 percent year-on-year) to the Member States of the European Union, while it received goods to the value of EUR 55.2 billion (+3.3 percent) from those countries. Goods to the value of EUR 38.9 billion (+0.1 percent) were dispatched to the Euro area countries while the value of the goods received from those countries was EUR 38.0 billion (+3.0 percent). Sales to EU countries not belonging to the Euro area increased by 6.0 percent to EUR 23.8 billion while the value of the goods which arrived from those countries was EUR 17.2 billion (+3.9 percent). Exports to countries outside the European Union amounted to EUR 44.1 billion in June 2016 (-0.4 percent), while imports from those countries totaled EUR 26.8 billion (-5.4 percent).
In May, trade surplus came in at EUR 21.0 billion
Considering January to June 2016, trade surplus stood at EUR 130.8 billion, up from EUR 123.4 billion registered in the same period a year earlier.
On a seasonally adjusted basis, exports rose 0.3 percent while imports increased by 1.0 percent. That brought the trade surplus at EUR 21.7 billion.
8/9/2016 7:42:16 AM