Germany Trade February 2017


Germany: Export growth slows but remains healthy in February

April 7, 2017

The seasonally- and calendar-adjusted trade surplus rose from EUR 18.9 billion in January to EUR 21.0 billion in February, driven up by falling imports and growing exports. In February, exports grew 0.8% from the previous month, down from January’s 2.4% expansion. Import contracted 1.6% in February, contrasting the 2.8% expansion in January.

Compared to the same month of the previous year, exports increased 3.1% in February, a marked slowdown from January’s 11.7% increase. Imports also slowed, growing just 3.7% in February following an 11.4% increase in January. In the 12 months up to February, exports grew an annual 2.0%, down from January’s 2.1% increase. The trend was the same for imports, which increased 1.3% after a 1.4% increase in January, pushing up the 12-month trade balance from EUR 249.0 billion to EUR 250.4 billion in February.

In a recent statement, the Federation of German Wholesale, Foreign Trade and Services (BGA) commented that February’s trade figures were fairly positive, but cautioned that serious challenges still lie ahead in the coming year. The BGA highlighted the protectionist narrative gaining ground across the globe as the biggest risk to Germany’s external sector.

Author:, Economist

Sample Report

Looking for forecasts related to Trade in Germany? Download a sample report now.


Germany Trade Chart

Germany Trade12m February 2017

Note: 12-month sum of trade balance in EUR billion and annual variation of the 12-month sum of exports and imports in %.
Source: Federal Statistics Office (Destatis) and FocusEconomics calculations.

Germany Economic News

More news

Search form