German exports in August 2017: +7.2% on August 2016

By   /  October 10, 2017  /  Comments Off on German exports in August 2017: +7.2% on August 2016

    Print       Email

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

Headline: German exports in August 2017: +7.2% on August 2016

WIESBADEN – Germany exported goods to the value of 103.1 billion euros and imported goods to the value of 83.0 billion euros in August 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 7.2% and imports by 8.5% in August 2017 year on year. Compared with July 2017, exports increased by 3.1% and imports by 1.2% in calendar and seasonally adjusted terms. The foreign trade balance showed a surplus of 20.0 billion euros in August 2017. In August 2016, the surplus amounted to 19.6 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 21.6 billion euros in August 2017.

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 17.8 billion euros in August 2017, which takes into account the balances of trade in goods including supplementary trade items (+21.8 billion euros), services (-4.9 billion euros), primary income (+4.4 billion euros) and secondary income (-3.5 billion euros). In August 2016, the German current account showed a surplus of 16.9 billion euros.

In August 2017, Germany exported goods to the value of 58.6 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 53.8 billion euros from those countries. Compared with August 2016, exports to the EU countries increased by 8.5%, and imports from those countries by 10.8%. Goods to the value of 36.0 billion euros (+10.6%) were dispatched to the Euro area countries in August 2017, while the value of the goods received from those countries was 35.9 billion euros (+10.4%). In August 2017, goods to the value of 22.7 billion euros (+5.4%) were exported to EU countries not belonging to the Euro area, while the value of the goods imported from those countries was 17.9 billion euros (+11.4%).

Exports of goods to countries outside the European Union (third countries) amounted to 44.4 billion euros in August 2017, while imports from those countries totalled 29.2 billion euros. Compared with August 2016, exports to third countries increased by 5.6% and imports from those countries by 4.5%.

The monthly results of exports were slightly revised for the period January 2016 to July 2017. The final results for 2016 will be published in the next press release for reference month September 2017.
Flows of commodities and servicesin EUR bnItemAugustJanuary toAugustJulyAugustJanuarytoAugust20172016 1 According to calculations of the Deutsche Bundesbank.Foreign trade1   Exports (f.o.b.)103.1844.3103.696.1793.12   Imports (c.i.f.)83.0683.684.376.6626.13  Foreign trade balance (1-2)20.0160.719.319.6167.0Transition to trade in goods 14  Supplementary trade items1.816.92.31.716.1Current account balances 15  Trade in goods (3+4)21.8177.621.621.3183.06  Services–4.9–16.0–3.8–5.0–15.87  Primary income4.431.16.25.127.18  Secondary income–3.5–34.6–4.4–4.5–25.7Current account (5+6+7+8)17.8158.119.616.9168.6
Groups of countriesItemAugust2017JanuarytoAugust2017Percentage change fromAugust2016JanuarytoAugust2016billion euro%Results in accordance with the EU concept (by country of consignment).Total exports103.1844.37.26.5including:EU Member States58.6494.78.56.0Euro-zone36.0310.010.66.8Non-euro-zone22.7184.65.44.7Third countries44.4349.65.67.1Total imports83.0683.68.59.2including:EU Member States53.8448.310.88.1Euro-zone35.9302.610.47.1Non-euro-zone17.9145.711.410.1Third countries29.2235.34.511.4
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-ARIMA2016January88.3–1.598.2–0.175.31.779.31.2February99.13.998.70.679.54.379.3–0.0March106.6–1.0100.51.880.9–4.377.4–2.4April103.93.7100.5–0.078.7–0.277.60.3May96.81.599.2–1.376.2–0.177.70.2June106.31.099.1–0.182.00.478.30.7July95.9–10.197.5–1.676.9–6.578.3–0.0August96.19.6100.93.576.65.379.82.0September105.80.399.9–1.081.9–1.679.3–0.6October101.3–4.3100.50.682.2–2.380.00.9November107.85.0103.53.085.94.582.73.4December97.36.2101.4–2.178.87.682.90.12017January98.611.6103.82.484.011.785.12.7February102.33.2104.80.982.43.783.8–1.5March118.210.9105.30.593.014.985.62.2April100.9–2.9106.10.883.15.686.71.2May110.514.2107.81.688.716.387.71.2June107.20.8104.8–2.885.03.783.8–4.5July103.68.0105.10.284.39.685.82.4August103.17.2108.43.183.08.586.81.2For further information: Achim Hees,tel: +49 (0) 611 / 75 24 75,contact form
Press release in other language
to the top

    Print       Email

You might also like...

10 Jahre BMW Welt: Ein Münchner Wahrzeichen feiert Jubiläum. Die BMW Welt in München blickt auf ein Jahrzehnt voller außergewöhnlicher Momente und Erfolge zurück.

Read More →