German Trade Surplus Narrows Slightly in October


In October, Germany's trade balance registered a surplus of €17.9 billion, down from €20.3 billion a month earlier as imports rose at a faster pace than exports. Compared with the same month in the previous year the balance widened by €6.6 billion.

In October, exports were slightly up to €99.1 billion from €94.6 billion in September. Compared with October of 2012, shipments to the EU countries increased by 2.1 percent to €57.3 billion of which €36.6 billion (-0.1 percent) were dispatched to the Euro Area. Sales to EU countries not belonging to the Euro area reached € 20.7 billion (+6.2 percent), while exports of goods to countries outside the European Union amounted to € 41.7 billion (-1.3 percent).

Imports rose to €81.2 billion from €74.3 billion in the previous month. Imports from the EU totalled €53.3 billion of which €36.6 billion came from the Euro Area. Purchases from non-European Union Members decreased 9.4 percent on the year to €27.9 billion.

German Trade Surplus Narrows Slightly in October


Destatis | Nuno Fontes | nuno@tradingeconomics.com
12/9/2013 9:00:12 AM