After calendar and seasonal adjustment, Germany exported goods to the total value of €133.1 billion and imported goods worth €131.9 billion in August. The foreign trade balance showed a surplus of €1.2 billion in the month.
The calendar- and seasonally-adjusted surplus had been €3.4 billion in July this year and €13.7 billion in August last year.
On a calendar- and seasonally-adjusted basis, Germany exported goods worth €72.8 billion (0.8 per cent drop over the July figure) to the member states of the European Union (EU) in August, while it imported goods worth €63.7 billion (2.5 per cent rise over July) from those countries.
The value of the goods exported to euro area countries in August totalled €51 billion and the value of imports from there was €43.2 billion. Goods worth €21.8 billion were exported to EU countries not belonging to the euro area, while the value of the goods imported from those countries was €20.5 billion.
Exports of goods to countries outside the EU (third countries) amounted to €60.3 billion in August, while imports from those countries totalled €68.2 billion on a calendar- and seasonally-adjusted basis. Compared with July this year, exports to third countries increased by 4.7 per cent and imports from those countries by 4.2 per cent.
Most German exports went to the United States in the month, the figure rising to €13.8 billion. Exports to China increased by 2.9 per cent to €9.2 billion and exports to the United Kingdom rose by 7.4 per cent to €6.2 billion.
Most imports came from China in August. Goods to the value of €15.4 billion were imported from there—a 2.2 per cent increase compared with the previous month after calendar and seasonal adjustment.
Imports from the United States rose by 5.3 per cent to €8.3 billion. Imports from the United Kingdom increased by 6 per cent to €3.4 billion in the same period.
ALCHEMPro News Desk (DS)
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