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German Trade Balance showed surplus of 21.7 billion euros

Monday, Jan 09 2017
German Trade Balance showed surplus of 21.7 billion euros

Germany exported goods to the value of 108.5 billion euros and imported goods to the value of 85.8 billion euros in November 2016. These are the highest monthly figures ever calculated both for exports and for imports. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 5.6% and imports by 4.5% in November 2016 year on year.

After calendar and seasonal adjustment, exports increased by 3.9% and imports by 3.5% compared with October 2016. The foreign trade balance showed a surplus of 22.6 billion euros in November 2016. In November 2015, the surplus amounted to 20.5 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 21.7 billion euros in November 2016. 

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