German Posts Record Trade Surplus in July


German trade surplus widened to € 23.4 billion in July of 2014 from € 16.3 billion a year earlier. It is the highest trade surplus on record, as exports hit its monthly peak.

Germany exported goods to the value of 101.0 billion euros and imported goods to the value of 77.6 billion euros in July 2014. Exports increased by 8.5 percent yoy and imports by 1.0 percent.

In July of 2014, Germany dispatched goods to the value of 56.9 billion euros to the Member States of the European Union (EU), while it received goods to the value of 50.4 billion euros from those countries. Compared with July 2013, dispatches to the EU countries increased by 9.6 percent, and arrivals from those countries by 2.6 percent. Goods to the value of 35.5 billion euros (+6.2%) were dispatched to the Euro area countries in July 2014, while the value of the goods received from those countries was 34.7 billion euros (-0.5 percent). In July 2014, goods to the value of 21.4 billion euros (+15.9 percent) were dispatched to EU countries not belonging to the Euro area, while the value of the goods which arrived from those countries was 15.7 billion euros (+10.3).

Exports of goods to countries outside the European Union (third countries) amounted to 44.1 billion euros in July 2014, while imports from those countries totalled 27.2 billion euros. Compared with July 2013, exports to third countries decreased by 7.2 percent and imports from those countries by 1.8 percent.

In a month-on-month comparison, opposite calendar and seasonally adjusted developments were recorded for exports and imports. While exports rose by 4.7 percent on June 2014, imports went down 1.8 percent. 

German Posts Record Trade Surplus in July


DESTATIS l Rida l rida@tradingeconomics.com
9/8/2014 9:24:42 AM