In December, exports rose a seasonally and calendar adjusted 0.5% over the previous month, which repeated the expansion observed in November but fell short of private analysts' expectations, which saw exports growing 1.0%. Meanwhile, imports fell 2.3% over the previous month, contrasting both the 4.1% expansion registered in November and analysts' expectations of a 0.8% rise. On an annual basis, exports expanded 21.0% in December, which virtually maintained the pace observed in November (+20.6% year-on-year). Imports increased 26.8%, below the 31.6% expansion observed in November. As a result, the trade balance narrowed from EUR 13.1 billion in November to EUR 11.9 billion in December. For the full year 2010, exports grew 18.5% to reach EUR 952 billion, bouncing back from the 18.4% contraction observed in 2009, and representing the fastest growth rate in over two decades. In 2009, Germany lost the crown as the world's leading exporter to China, a title that China is expected to keep going forward. Exports are likely to remain in an upward trend, as global demand continues to recover, especially in emerging markets.
Germany Trade Balance
Exports bounce back in 2010 after the worst slump in two decades
February 9, 2011
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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.