German Trade Surplus Widens in August


Germany posted a EUR 20.0 billion trade surplus in August of 2016, up from EUR 15.22 billion reported a year earlier. The figure was in line with market consensus as exports rose 9.8 percent year-on-year while imports went up 5.3 percent.

In August, the country exported goods to the value of EUR 96.5 billion, while imported goods to the value of EUR 76.5 billion.

Germany exported goods to the value of EUR 54.3 billion (+10.0 percent year-on-year) to the Member States of the European Union, while it imported goods to the value of EUR 48.5 billion (+5.2 percent) from those countries. Goods to the value of EUR 32.6 billion (+8.8 percent) were dispatched to the Euro Area countries while the value of the goods received from those countries was EUR 32.5 billion (+4.1 percent). Sales to EU countries not belonging to the Euro Area increased by 11.8 percent to EUR 21.7 billion while the value of the goods which arrived from those countries was EUR 16.0 billion (+7.5 percent). Exports to countries outside the European Union amounted to  EUR 42.2 billion in August 2016 (+9.6 percent), while imports from those countries totaled EUR 28.0 billion (+5.5 percent). 

In July 2016, trade surplus stood at EUR 19.5 billion.

On a seasonally adjusted basis, exports rose 5.4 percent while imports grew by 3.0 percent from the previous month.

German Trade Surplus Widens in August


Destatis l Rida Husna | rida@tradingeconomics.com
10/10/2016 7:25:10 AM