German Trade Surplus Narrows to 9-Month Low in October


Germany posted a EUR 19.3 billion trade surplus in October of 2016, down from EUR 22.2 billion reported a year earlier. It was the smallest trade surplus since January, as exports fell more than import.

In October, sales declined 4.1 percent year-on-year to EUR 101.5 billion while imports decreased by 2.2 percent to EUR 82.2 billion. 

Germany exported goods to the value of EUR 59.7 billion (-4.5 percent year-on-year) to the Member States of the European Union, while it imported goods to the value of EUR 54.2 billion (-1.9 percent) from those countries. Goods to the value of EUR 37.4 billion (-4.1 percent) were dispatched to the Euro Area countries while the value of the goods received from those countries was EUR 36.4 billion (-2.6 percent). Sales to EU countries not belonging to the Euro Area decreased by 5.4 percent to EUR 22.3 billion while the value of the goods which arrived from those countries was EUR 17.8 billion (-0.5 percent). Exports to countries outside the European Union amounted to  EUR 41.8 billion in September 2016 (-3.4 percent), while imports from those countries totaled EUR 28.0 billion (-2.7 percent). 

In September 2016, trade surplus was marginally revised to EUR 24.2  billion. 

On a seasonally adjusted basis, exports rose 0.5 percent while imports went up 1.3 percent from the previous month.

German Trade Surplus Narrows to 9-Month Low in October


Destatis l Rida Husna | rida@tradingeconomics.com
12/9/2016 8:16:37 AM