Germany Trade Surplus Widens in October


Germany posted a €22.5 billion trade surplus in October of 2015, up from €21.5 billion a year earlier, as exports grew by 3.3 percent and imports rose 3.0 percent. 

In October, the country exported goods to the value of €106.2 billion, while imported goods to the value of €83.8 billion. 

Germany dispatched goods to the value of €62.7 billion (+6.4 percent year-on-year) to the Member States of the European Union, while it received goods to the value of €55.3 billion (+3.3 percent) from those countries. Goods to the value of €39.3 billion (+5.8 percent) were dispatched to the Euro area countries in October 0f 2015, while the value of the goods received from those countries was €37.4 billion (+2.4 percent). Sales to EU countries not belonging to the Euro area increased by 7.4 percent to €23.5 billion while the value of the goods which arrived from those countries was 17.9 billion euros (+5.3 percent).

Exports to countries outside the European Union amounted to €43.5 billion in October 2015 (-0.9 percent), while imports from those countries totaled €28.5 billion (+2.3 percent). 

On a seasonally adjusted basis, exports fell 1.2 percent from September while imports dropped 3.4 percent. That brought the trade surplus to €20.8 billion, up from a downwardly revised €19.2 billion in a month earlier. 

In September 2015, the country posted a downwardly revised €22.8 billion trade surplus.

Germany Trade Surplus Widens in October


Destatis l Rida Husna | rida@tradingeconomics.com
12/9/2015 7:47:19 AM