German exports in July 2017: +8.0% on July 2016

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

Headline: German exports in July 2017: +8.0% on July 2016

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WIESBADEN – Germany exported goods to the value of 103.7 billion euros and imported goods to the value of 84.2 billion euros in July 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 8.0% and imports by 9.4% in July 2017 year on year. Compared with June 2017, exports were up by 0.2% and imports by 2.2% in calendar and seasonally adjusted terms.

The foreign trade balance showed a surplus of 19.5 billion euros in July 2017. In July 2016, the surplus amounted to 19.1 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 19.5 billion euros in July 2017.

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 19.4 billion euros in July 2017, which takes into account the balances of trade in goods including supplementary trade items (+22.2 billion euros), services (–3.8 billion euros), primary income (+5.4 billion euros) and secondary income (–4.4 billion euros). In July 2016, the German current account showed a surplus of 18.3 billion euros.

In July 2017, Germany exported goods to the value of 59.9 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 55.6 billion euros from those countries. Compared with July 2016, exports to the EU countries increased by 6.7%, and imports from those countries by 8.4%. Goods to the value of 37.9 billion euros (+6.9%) were dispatched to the Euro area countries in July 2017, while the value of the goods received from those countries was 38.0 billion euros (+7.5%). In July 2017, goods to the value of 21.9 billion euros (+6.4%) were exported to EU countries not belonging to the Euro area, while the value of the goods imported from those countries was 17.6 billion euros (+10.4%).

Exports of goods to countries outside the European Union (third countries) amounted to 43.8 billion euros in July 2017, while imports from those countries totalled 28.6 billion euros. Compared with July 2016, exports to third countries increased by 9.7% and imports from those countries by 11.5%.
Flows of commodities and servicesin EUR bnItemJulyJanuary toJulyJuneJulyJanuarytoJuly20172016 1 According to calculations of the Deutsche Bundesbank.Foreign trade1   Exports (f.o.b.)103.7742.2107.396.0697.92   Imports (c.i.f.)84.2600.485.076.9549.53  Foreign trade balance (1-2)19.5141.822.319.1148.4Transition to trade in goods 14  Supplementary trade items2.715.52.71.714.4Current account balances 15  Trade in goods (3+4)22.2157.325.020.8162.76  Services–3.8–11.2–1.4–3.5–10.97  Primary income5.426.05.14.522.08  Secondary income–4.4–31.2–3.6–3.4–21.2Current account (5+6+7+8)19.4141.025.018.3152.7
Groups of countriesItemJuly2017JanuarytoJuly2017Percentage change fromJuly2016JanuarytoJuly2016billion euro%Results in accordance with the EU concept (by country of consignment).Total exports103.7742.28.06.3including:EU Member States59.9437.06.75.7Euro-zone37.9274.66.96.2Non-euro-zone21.9162.56.44.7Third countries43.8305.29.77.3Total imports84.2600.49.49.3including:EU Member States55.6394.48.47.7Euro-zone38.0266.97.56.8Non-euro-zone17.6127.510.49.6Third countries28.6206.011.512.4
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-ARIMA2016January88.5–1.498.30.175.31.779.31.2February99.34.198.90.679.54.379.3–0.0March106.7–0.9100.71.880.9–4.377.4–2.4April104.03.9100.6–0.078.7–0.277.60.3May97.01.699.3–1.476.2–0.177.70.2June106.51.299.2–0.182.00.478.30.7July96.0–10.097.6–1.676.9–6.578.3–0.0August96.29.7101.03.576.65.379.82.0September105.90.4100.0–1.081.9–1.679.3–0.6October101.4–4.2100.60.682.2–2.380.00.9November108.05.1103.63.085.94.582.73.4December97.46.3101.5–2.178.87.682.90.12017January98.811.6104.02.484.011.785.12.7February102.43.2105.00.982.43.783.8–1.5March118.310.9105.40.593.014.985.62.2April101.0–2.9106.30.883.15.686.71.2May110.714.1107.91.688.716.387.71.1June107.30.8105.0–2.785.03.783.8–4.4July103.78.0105.20.284.29.485.62.2For further information: Dirk Mohr,tel: +49 (0) 611 / 75 24 75,contact form
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