German exports in October 2017: +6.8% on October 2016

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

Headline: German exports in October 2017: +6.8% on October 2016

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WIESBADEN – Germany exported goods to the value of 108.0 billion euros and imported goods to the value of 89.1 billion euros in October 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 6.8% and imports by 8.3% in October 2017 year on year. After calendar and seasonal adjustment, exports were down 0.4% and imports up 1.8% compared with September 2017.

The foreign trade balance showed a surplus of 18.9 billion euros in October 2017. In October 2016, the surplus amounted to 18.8 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 19.9 billion euros in October 2017.

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 18.1 billion euros in October 2017, which takes into account the balances of trade in goods including supplementary trade items (+20.4 billion euros), services (–3.6 billion euros), primary income (+5.5 billion euros) and secondary income (–4.2 billion euros). In October 2016, the German current account showed a surplus of 18.4 billion euros.

In October 2017, Germany exported goods to the value of 64.5 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 59.6 billion euros from those countries. Compared with October 2016, exports to the EU countries increased by 8.7%, and imports from those countries by 10.1%. Goods to the value of 40.4 billion euros (+8.6%) were dispatched to the Euro area countries in October 2017, while the value of the goods received from those countries was 39.8 billion euros (+9.3%). In October 2017, goods to the value of 24.1 billion euros (+9.1%) were exported to EU countries not belonging to the Euro area, while the value of the goods imported from those countries was 19.8 billion euros (+11.9%).

Exports of goods to countries outside the European Union (third countries) amounted to 43.5 billion euros in October 2017, while imports from those countries totalled 29.4 billion euros. Compared with October 2016, exports to third countries were up by 4.1% and imports from those countries by 4.8%.
Flows of commodities and servicesin EUR bnItemOctoberJanuary toOctoberSeptemberOctoberJanuarytoOctober20172016 1 According to calculations of the Deutsche Bundesbank.Foreign trade1   Exports (f.o.b.)108.01,062.2110.4101.1999.12   Imports (c.i.f.)89.1859.086.382.2790.53  Foreign trade balance (1-2)18.9203.224.118.8208.6Transition to trade in goods 14  Supplementary trade items1.519.61.61.619.4Current account balances 15  Trade in goods (3+4)20.4222.825.720.5228.06  Services–3.6–22.0–2.5–3.6–22.67  Primary income5.542.65.75.136.18  Secondary income–4.2–41.9–3.1–3.6–32.0Current account (5+6+7+8)18.1201.525.818.4209.5
Groups of countriesItemOctober2017JanuarytoOctober2017Percentage change fromOctober2016JanuarytoOctober2016billion euro%Results in accordance with the EU concept (by country of consignment).Total exports108.01,062.26.86.3including:EU Member States64.5624.18.75.9Euro-zone40.4391.28.66.6Non-euro-zone24.1232.99.14.8Third countries43.5438.14.16.8Total imports89.1859.08.38.7including:EU Member States59.6565.410.17.9Euro-zone39.8380.69.37.0Non-euro-zone19.8184.911.99.8Third countries29.4293.64.810.2
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-ARIMA2016January88.7–1.198.2–0.275.31.779.11.0February98.63.498.30.179.44.379.20.2March106.5–1.1100.32.181.0–4.277.4–2.4April103.93.8100.30.078.8–0.177.3–0.1May96.81.498.7–1.676.30.077.3–0.0June106.10.899.20.582.10.478.61.7July95.8–10.298.0–1.277.0–6.578.4–0.3August96.09.4100.42.476.65.479.81.9September105.60.199.9–0.581.9–1.679.7–0.2October101.1–4.5100.40.682.2–2.280.51.0November107.64.8103.22.785.74.282.42.4December97.16.0101.4–1.878.87.582.70.32017January98.611.1103.42.084.011.784.72.4February102.33.7105.01.682.43.783.9–1.1March118.211.0105.10.193.014.885.41.9April100.9–3.0105.90.783.15.586.41.1May110.514.2107.31.388.716.387.00.8June107.21.0105.3–1.885.13.784.3–3.1July103.17.6105.30.084.49.685.91.9August103.07.3107.92.482.98.286.60.7September110.44.5107.5–0.486.35.485.6–1.1October108.06.8107.0–0.489.18.387.21.8For further information: Dirk Mohr,tel: +49 (0) 611 / 75 24 75,contact form
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