German Trade Balance showed surplus of 244.9 billion euros

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Thursday, Feb 08 2018

German Trade Balance showed surplus of 244.9 billion euros

Germany exported goods to the value of 1,279.4 billion euros and imported goods to the value of 1,034.6 billion euros in 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 6.3% and imports by 8.3% in 2017 compared with 2016. In 2017, export and import levels were higher than the previous all-time highs recorded in 2016.

At the time, goods to the value of 1,203.8 billion euros were exported and goods to the value of 954.9 billion euros were imported. The foreign trade balance showed a surplus of 244.9 billion euros in 2017. In 2016, the surplus of the foreign trade balance reached an all-time high (248.9 billion euros).

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