German Trade Surplus Widens in September
Germany's trade surplus widened to EUR 21.1 billion in September 2019 from EUR 18.2 billion in the same month last year.
11/8/2019 9:55:47 AM
Exports advanced 4.6 percent year-on-year to EUR 114.2 billion in September. Sales to the EU increased 5.6 percent to EUR 68.4 billion, of which Euro area (4.8 percent to EUR 43 billion) and non-Euro area countries (7 percent to EUR 25.4 billion). In addition, exports to countries outside the EU rose 3.2 percent to EUR 45.7 billion.
Imports grew 2.3 percent to EUR 93 billion. Purchases from the EU went up 2.1 percent to EUR 53.6 billion, of which Euro area (1.4 percent to EUR 34.4 billion) and non-Euro area countries (3.3 percent to EUR 19.2 billion). Also, arrivals from countries outside the EU expanded 2.5 percent to EUR 39.4 billion.
Considering the first nine months of the year, the trade surplus narrowed to EUR 168.8 billion from EUR 175.8 billion in the corresponding period 2018.
On a seasonally adjusted basis, the trade surplus increased to EUR 19.2 billion in September from an upwardly revised revised EUR 18.7 billion in August, beating market consensus of EUR 18.1 billion. Exports rose 1.5 percent, better than expectations of a 0.4 percent rise; while imports advanced 1.3 percent, compared to consensus of a flat reading.