German Trade Balance surplus at 21.8 billion euros

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Thursday, Nov 09 2017

German Trade Balance surplus at 21.8 billion euros

Germany exported goods to the value of 110.4 billion euros and imported goods to the value of 86.3 billion euros in September 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 4.6% and imports by 5.5% in September 2017 year on year. After calendar and seasonal adjustment, exports fell by 0.4% and imports by 1.0% compared with August 2017. The foreign trade balance showed a surplus of 24.1 billion euros in September 2017. In September 2016, the surplus amounted to +23.7 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 21.8 billion euros in September 2017.

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 25.4 billion euros in September 2017, which takes into account the balances of trade in goods including supplementary trade items (+25.4 billion euros), services (–2.5 billion euros), primary income (+5.6 billion euros) and secondary income (–3.1 billion euros). In September 2016, the German current account showed a surplus of 23.5 billion euros.

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