Germany Trade Surplus Widens in November


The Federal Statistical Office reported on the basis of provisional data that German exports in November 2012 were unchanged on November 2011 and that imports were down by 1.2%. After calendar and seasonal adjustment, exports decreased by 3.4% and imports by 3.7% compared with October 2012.

Germany exported commodities to the value of €94.1 billion and imported commodities to the value of €77.1 billion in November 2012. The foreign trade balance showed a surplus of €17.0 billion in November 2012. In November 2011, the surplus had amounted to €16.1 billion. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of €14.6 billion in November 2012. 

In November 2012, Germany dispatched commodities to the value of €53.0 billion to the Member States of the European Union (EU), while it received commodities to the value of €50.0 billion from those countries. Compared with November 2011, dispatches to the EU countries decreased by 4.0%, and arrivals from those countries increased by 0.9%. Commodities to the value of €35.0 billion (–5.7%) were dispatched to the euro area countries in November 2012, while the value of the commodities received from those countries was €34.8 billion (+1.1%). 

Destatis | Nuno Fontes | nuno@tradingeconomics.com
1/8/2013 8:44:41 AM