Germany Trade


Germany: Trade surplus widens in April

June 8, 2015

The seasonally- and calendar-adjusted trade surplus widened from EUR 19.4 billion in March to EUR 22.0 billion in April. The trade surplus rose over the previous month as exports grew while imports dropped. Exports rose a seasonally-adjusted 2.0% over the previous month (March: +1.3% month-on-month). Meanwhile, imports contracted 0.8% in April, which contrasted March’s 2.4% rise and marked the steepest drop in six months.

Compared to the same month last year, exports gained 7.6% in April (March: +12.5% year-on-year) and imports grew 3.3% annually (March: +7.2% yoy). The 12-month sum of exports to April grew 5.1% over the same period last year and the 12-month trade surplus totaled EUR 233.5 billion, reaching yet another all-time record high.

Author: Teresa Kersting, Economist

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Germany Trade Chart

Germany Trade12m April 2015

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.

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