German Trade Surplus Widens to Record High in September


In September of 2013, Germany’s trade surplus showed a record surplus of € 20.4 billion, up from € 13.3 billion in August, and € 16.9 billion a year earlier. The improvement is due to rising exports to the European Union.

In September, exports amounted to € 94.7 billion, up from € 85 billion in August and € 91.4 in September of 2012 (+3.6 percent). Year-on-year, shipments to the European Union amounted to € 54.8 billion (+5.4 percent), of which € 35.3 billion were dispatched to the Euro Area. Sales to EU countries not belonging to the Euro Area reached € 19.5 billion (+7.2 percent), while exports of goods to countries outside the European Union amounted to € 39.8 billion (+1.2 percent).

Imports increased to €74.3 billion from € 71.7 billion in the previous month and slightly down from € 74.5 billion a year earlier. Imports from the EU totaled € 48.2 billion (+2.6 percent, yoy) of which € 33 billion came from the Euro Area (1.8 percent, yoy). Purchases from non-European Union Members increased 4.4 percent on the year to € 15.2 billion.

German Trade Surplus Widens to Record High in September


Krisztina Györffy | krisztina@tradingeconomics.com
11/8/2013 9:44:13 AM