German exports in October 2016: –4.1% on October 2015

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MIL OSI – Source: Destatis Statistisches Bundesamt – In English –

Headline: German exports in October 2016: –4.1% on October 2015

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WIESBADEN – Germany exported goods to the value of 101.5 billion euros and imported goods to the value of 82.2 billion euros in October 2016. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports decreased by 4.1% in October 2016 year on year while imports were down by 2.2%. After calendar and seasonal adjustment, exports increased by 0.5% and imports by 1.3% compared with September 2016. 

The foreign trade balance showed a surplus of 19.3 billion euros in October 2016. In October 2015, the surplus amounted to 21.7 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 20.5 billion euros in October 2016. 

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 18.4 billion euros in October 2016, which takes into account the balances of trade in goods including supplementary trade items (+20.2 billion euros), services (–3.5 billion euros), primary income (+5.5 billion euros) and secondary income (–3.8 billion euros). In October 2015, the German current account showed a surplus of 21.7 billion euros. 

In October 2016, Germany exported goods to the value of 59.7 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 54.2 billion euros from those countries. Compared with October 2015, exports to the EU countries decreased by 4.5%, and imports from those countries by 1.9%. Goods to the value of 37.4 billion euros (–4.1%) were dispatched to the Euro area countries in October 2016, while the value of the goods received from those countries was 36.4 billion euros (–2.6%). In October 2016, goods to the value of 22.3 billion euros (–5.4%) were dispatched to EU countries not belonging to the Euro area, while the value of the goods which arrived from those countries was 17.8 billion euros (–0.5%). 

Exports of goods to countries outside the European Union (third countries) amounted to 41.8 billion euros in October 2016, while imports from those countries totalled 28.0 billion euros. Compared with October 2015, exports to third countries decreased by 3.4% and imports from those countries by 2.7%.
Flows of commodities and servicesin EUR bnItemOctoberJanuary toOctoberSeptemberOctoberJanuarytoOctober20162015 1 According to calculations of the Deutsche Bundesbank.Foreign trade1  Exports (f.o.b.)101.51,001.9106.0105.8999.32  Imports (c.i.f.)82.2790.181.884.1793.83  Foreign trade balance (1-2)19.3211.824.221.7205.4Transition to trade in goods 14  Supplementary trade items0.917.91.72.113.9Current account balances 15  Trade in goods (3+4)20.2229.725.923.9219.46  Services–3.5–27.1–3.5–5.8–30.47  Primary income5.546.34.76.845.68  Secondary income–3.8–32.4–2.7–3.1–32.6Current account (5+6+7+8)18.4216.524.421.7202.1
Groups of countriesItemOctober2016JanuarytoOctober2016Percentage change fromOctober2015JanuarytoOctober2015billion euro%Results in accordance with the EU concept (by country of consignment)Total exports101.51,001.9–4.10.3including:EU Member States59.7590.5–4.51.7Euro-zone37.4367.8–4.11.1Non-euro-zone22.3222.7–5.42.7Third countries41.8411.4–3.4–1.7Total imports82.2790.1–2.2–0.5including:EU Member States54.2524.1–1.90.9Euro-zone36.4356.0–2.6–0.1Non-euro-zone17.8168.1–0.53.1Third countries28.0266.0–2.7–3.1
Foreign trade (special trade)Exports and importsOriginal values/calendar and seasonally adjusted values 1 YearMonthExportsImportsoriginal valuecalendar and seasonally adjusted value 1original valuecalendar and seasonally adjusted value 1value inbillion euroschange on the samemonth of theprevious yearin %value inbillion euroschange on previous monthin %value inbillion euroschange on the samemonth of theprevious yearin %value inbillion euroschange on previous monthin % 1 Using Census X-12-ARIMA2015January89.70.096.8–1.174.0–1.376.7–0.2February95.44.598.01.376.21.277.51.1March107.613.598.60.684.68.079.62.7April100.17.8100.01.478.84.479.4–0.3May95.44.8101.51.576.33.679.70.4June105.313.6100.0–1.481.76.779.0–1.0July106.76.8102.52.482.37.080.51.9August87.75.696.9–5.472.74.578.3–2.7September105.43.999.62.883.24.280.52.9October105.82.998.7–1.084.13.378.6–2.3November102.78.299.71.182.26.079.71.4December91.62.997.9–1.873.33.778.4–1.72016January88.5–1.498.10.275.31.779.51.4February99.34.199.21.179.54.379.3–0.3March106.7–0.9100.61.580.9–4.377.6–2.0April104.03.9100.6–0.078.7–0.277.70.1May97.01.699.3–1.376.2–0.177.70.0June106.51.299.2–0.182.00.478.20.6July96.0–10.097.7–1.676.9–6.578.1–0.0August96.49.9101.23.676.55.279.61.9September106.00.6100.1–1.081.8–1.679.0–0.7October101.5–4.1100.60.582.2–2.280.11.3For further information: Dirk Mohr,tel: +49 (0) 611 / 75 24 75,contact form
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