German Trade Surplus Falls from Record High


German trade surplus reached € 14.1 billion in August of 2014, slightly up from € 12.7 billion a year earlier. Yet, on a monthly basis, the surplus narrowed 39.7 percent, as exports recorded the highest drop in more than five years.

In August of 2014, Germany exported goods to the value of 84.1 billion euros and imported goods to the value of 70.0 billion euros. Exports decreased by 1.0  percent yoy and imports by 2.4 percent.

The country dispatched goods to the value of 47.7 billion euros to the Member States of the European Union (EU), while it received goods to the value of 44.3 billion euros from those countries. Compared with August 2013, dispatches to the EU countries increased by 2.0 percent, and arrivals from those countries remained nearly unchanged. Goods to the value of 29.2 billion euros (+0.4 percent) were dispatched to the Euro area countries in August 2014, while the value of the goods received from those countries was 30.5 billion euros (+0.7 percent). In August 2014, goods to the value of 18.5  billion euros (+4.5 percent) were dispatched to EU countries not belonging to the Euro area, while the value of the goods which arrived from those countries was 13.7 billion euros (-1.3 percent).

Exports of goods to countries outside the European Union (third countries) amounted to 36.4 billion euros in August 2014, while imports from those countries totalled 25.7 billion euros. Compared with August 2013, exports to third countries decreased by 4.7 percent and imports from those countries by 6.3 percent.

After calendar and seasonal adjustment, exports declined by 5.8 percent and imports by 1.3 percent compared with July 2014. 

German Trade Surplus Falls from Record High


DESTATIS l Rida l rida@tradingeconomics.com
10/9/2014 10:35:16 AM