Brandenburg Gate in Berlin, Germany

Germany Trade January 2019

Germany: Export growth comes in flat in January

Month-on-month export growth was flat in January, contrasting December’s revised 1.6% increase (previously reported: +1.5% month-on-month). Import growth, meanwhile, accelerated from a revised 0.7% (previously reported: +1.2% mom) in December to 1.5% in January. As a result, the trade surplus narrowed from EUR 19.9 billion in December to EUR 18.5 billion in January.

Compared to the same month a year prior, export growth swung from a marked 4.4% drop in December (previously reported: +4.5% year-on-year) to a 1.7% expansion in January. The 12-month moving sum of exports nonetheless eased from 3.0% in December to 2.5% in January. Year-on-year import growth rebounded from a 0.4% drop in December to a 5.0% increase in January; however, the 12-month moving sum of imports softened slightly to 5.5% in January from 5.7% in December. In addition, the 12-month moving sum of the trade balance narrowed from EUR 230.9 billion in December to EUR 228.5 billion in January.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest