German Trade Balance surplus narrowed to 19.2 billion euros

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Monday, Apr 09 2018

German Trade Balance surplus narrowed to 19.2 billion euros

Germany exported goods to the value of 104.7 billion euros and imported goods to the value of 86.3 billion euros in February 2018. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 2.4% and imports by 4.7% in February 2018 year on year. After calendar and seasonal adjustment, exports fell by 3.2% and imports by 1.3% compared with January 2018. The foreign trade balance showed a surplus of 18.4 billion euros in February 2018. In February 2017, the surplus amounted to +19.8 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 19.2 billion euros in February 2018.

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 20.7 billion euros in February 2018, which takes into account the balances of trade in goods including supplementary trade items (+19.8 billion euros), services (+0.7 billion euros), primary income (+5.7 billion euros) and secondary income (-5.4 billion euros). In February 2017, the German current account showed a surplus of 23.4 billion euros.

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