In July, exports increased 0.5% over the previous month in seasonally adjusted terms. The reading contrasted the revised 1.4% drop recorded in June (previously reported: -1.5% month-on-month) and defied the 0.5% contraction expected by the market. Imports followed suit and increased 0.9% in July, which contrasted the 2.9% decline observed in June. Compared to the same month a year ago, exports accelerated from a 7.5% increase in June to a 9.2% expansion in July (EUR 93.6 billion), which represents the fastest pace recorded since January. Imports expanded 1.9% in July (EUR 76.7 billion), slightly faster than the 1.5% increase recorded in June. As a result, the trade surplus widened to EUR 16.9 billion, which was above the EUR 10.4 billion registered in the same month last year. The Federation of German Wholesale, Foreign Trade and Services (BGA) expect export growth to reach 6.0% this year, which would push exports to a new-record high of EUR 1.12 trillion.
Germany Trade Balance
Exports grow unexpectedly in July
September 7, 2012
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Germany Trade Balance Chart
Germany Economic News
October 10, 2016
The seasonally- and calendar-adjusted trade surplus increased from EUR 19.4 billion in July to EUR 22.2 billion in August, driven up by recovering exports.
October 7, 2016
In August, industrial production rose 2.5% from the previous month in seasonally-adjusted terms, in contrast to July’s large 1.6% drop, which had been the lowest reading in nearly two years.
September 29, 2016
Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September.
September 28, 2016
Heading into October, the mood among German consumers weakened slightly but still stayed at a high level.
September 26, 2016
German businesses turned much more optimistic in September.