The seasonally- and calendar-adjusted trade balance totaled EUR 17.2 billion in January. The result came in below both the revised EUR 18.3 billion observed in December (previously reported: EUR 18.5 billion) and the EUR 18.5 billion the markets had expected. The trade surplus narrowed in January as imports grew 4.1% over the previous month in seasonally-adjusted terms, bouncing back from the 1.4% contraction registered in December. The reading, which overshot market expectations of a 1.3% rise, marked the fastest expansion in 20 months. Meanwhile, exports increased 2.2% in January, which contrasted a 0.9% contraction tallied in December. Growth in exports was also faster that the market's expectation of a 1.4% increase. Compared to the same month last year, imports grew 2.8% in January (December: +4.5% year-on-year) and imports increased 1.5% (December: +2.4% yoy). The 12-month sum of exports up to January totaled EUR 201.6 billion, which represents a record high. The Federation of German Wholesale, Foreign Trade and Services (BGA) expects exports to expand 3.0% in 2014 and to reach a record level of EUR 1.14 trillion. The BGA expects the trade surplus to reach EUR 224 billion.
Germany Trade Balance
Trade surplus narrows in January on surging imports
March 11, 2014
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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.