German Trade Surplus Narrows to Year Low in August


In August, Germany's trade surplus fell to €13.1 billion, down from €16.2 billion a month earlier and from €16.3 billion in August of 2012, as a result of a steep decline in shipments.

In August, exports were down to €85.3 billion from €93.4 billion in July and from €90.5 billion a year earlier (-5.4 percent). Compared with August 2012, shipments to the EU countries decreased by 3.9 percent to €47.1 billion of which €29.2 billion (-4.1 percent) were dispatched to the Euro Area. Sales to EU countries not belonging to the Euro Area reached € 17.9 billion (-3.5 percent), while exports of goods to countries outside the European Union amounted to € 38.2 billion (-7.2 percent).

Imports fell to €72.2 billion from €77.2 billion in the previous month. Imports from the EU totalled €44.7 billion of which €30.7 billion came from the Euro Area. Purchases from non-European Union Members increased 3.5 percent on the year to €14.1 billion.

German Trade Surplus Narrows to Year Low in August


Destatis | Nuno Fontes | nuno@tradingeconomics.com
10/8/2013 9:09:44 AM