German Trade Surplus Increases in October


German trade surplus widened to € 21.9 billion in October of 2014 from € 17.8 billion a year earlier, as exports rose to a new record high.

Germany exported goods to the value of 103.9 billion euros and imported goods to the value of 81.9 billion euros in October of 2014. The export value exceeded the previous peak achieved in September 2014 (102.5 billion euros). Year-on-year, exports increased by 4.9 percent and imports by 0.9 percent.

The country dispatched goods to the value of 59.7 billion euros to the Member States of the European Union, while it received goods to the value of 54.0 billion euros from those countries. Compared with October 2013, dispatches to the EU countries increased by 3.9 percent, and arrivals from those countries by 1.2 percent. Goods to the value of 37.5 billion euros (+1.9 percent) were dispatched to the Euro area countries in October 2014, while the value of the goods received from those countries was 36.7 billion euros (+9.0 percent). In  October 2014,  goods to the value of 22.2 billion euros (+7.6 percent) were dispatched to EU countries not belonging to the Euro area, while the value of the goods which arrived from those countries was 17.53 billion euros (+ 3.6 percent).

Exports of goods to countries outside the European Union amounted to 44.2 billion euros in October 2014, while imports from those countries totalled 28.0 billion euros. Compared with October 2013, exports to third countries decreased by 6.3 percent and imports from those countries by 0.2 percent.

After calendar and seasonal adjustment, exports declined by 0.5 percent and imports by 3.1 percent compared with the preceding month.

German Trade Surplus Increases in October


DESTATIS l Rida l rida@tradingeconomics.com
12/9/2014 11:33:51 AM