Germany Trade Surplus Hits Fresh Record High in July


Germany posted a €25.0 billion trade surplus in July 2015, up from €23.5 billion a year earlier and beating market forecasts. It is a fresh record surplus as exports increased by 6.2 percent year-on-year and imports grew by 6.1 percent.

In July, the country exported goods to the value of €107.1 billion and imported goods to the value of €82.1 billion. 

Germany dispatched goods to the value of €60.4 billion (+6.0 percent year-on-year) to the Member States of the European Union, while it received goods to the value of €53.7 billion (+6.6 percent) from those countries. Goods to the value of €37.7 billion (+5.5 percent) were dispatched to the Euro area countries in July 0f 2015, while the value of the goods received from those countries was €36.8 billion (+6.2 percent). Sales to EU countries not belonging to the Euro area increased by 6.9 percent to €22.7 billion while the value of the goods which arrived from those countries was 16.9 billion euros (+7.3 percent).

Exports to countries outside the European Union amounted to €46.7 billion in July 2015 (+6.4 percent), while imports from those countries totaled €28.4 billion (+5.3 percent). 

In June 2015, Germany posted an upwardly revised €24.2 billion trade surplus, following a €19.5 billion surplus in May.

In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of  €22.8 billion euros in July 2015. Month-on-month, after calendar and seasonal adjustment, exports rose 2.4 percent while imports increased by 2.2 percent. 

Germany Trade Surplus Hits Fresh Record High in July


Destatis l Rida Husna | rida@tradingeconomics.com
9/8/2015 8:49:19 AM