German Trade Surplus Narrows in July


In July, Germany's trade balance registered a surplus of €16.1 billion, down from €17.0 billion a month earlier and from €16.9 billion in July of 2012, as exports stagnated and imports were slightly up.

In July, exports were slightly up to €93.4 billion from €92.7 billion in June and broadly unchanged from €93.5 billion a year earlier. Compared with July 2012, shipments to the EU countries increased by 0.8 percent to €52.3 billion of which €33.6 billion (-0.7 percent) were dispatched to the Euro Area. Sales to EU countries not belonging to the Euro area reached € 18.6 billion (+3.6 percent), while exports of goods to countries outside the European Union amounted to € 41.2 billion (-1.0 percent).

Imports increased slightly to €77.3 billion from €75.7 billion in the previous month. Imports from the EU totalled €49.6 billion of which €35.3 billion came from the Euro Area. Purchases from non-European Union Members decreased 1.7 percent on the year to €14.3 billion.

German Trade Surplus Narrows in July


Destatis | Nuno Fontes | nuno@tradingeconomics.com
9/6/2013 8:57:52 AM