In March, exports expanded a seasonally and working-day adjusted 0.8% over the previous month. Although the figure came in below the revised 1.5% expansion recorded in February (previously reported: +1.6% month-on-month) it still surprised the market on the upside, as analysts expected exports to drop 0.5%. Meanwhile, imports grew 1.0% over the previous month, well below the 3.6% expansion observed in February. On an annual basis, exports rose a subdued 0.7% in March (February: +8.5% year-on-year) which, nonetheless, pushed shipments to a new record high of EUR 98.9 billion. Meanwhile, imports added 2.6% in March (February: +5.8% yoy), reflecting a 3.5% increase in imports from non-Eurozone countries and a 2.3% expansion in procurements from the rest of Eurozone. As a result, the trade surplus widened from EUR 14.9 billion in February to EUR 17.4 billion in March. According to the Federation of German Wholesale, Foreign Trade and Services (BGA), export growth will reach 6.0% this year, which will push exports to a new-record high of EUR 1.12 billion. Meanwhile, the BGA anticipates that imports will increase 7.0% this year.
Germany Trade Balance
Exports reach record monthly high
May 9, 2012
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Germany Trade Balance Chart
Germany Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) rose from 52.8 in September to 55.1 in October.
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.