Press release No. 006 of 9 January 2017
WIESBADEN – Germany exported goods to the value of 108.5 billion euros and imported goods to the value of 85.8 billion euros in November 2016. These are the highest monthly figures ever calculated both for exports and for imports. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 5.6% and imports by 4.5% in November 2016 year on year. After calendar and seasonal adjustment, exports increased by 3.9% and imports by 3.5% compared with October 2016.
The foreign trade balance showed a surplus of 22.6 billion euros in November 2016. In November 2015, the surplus amounted to 20.5 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 21.7 billion euros in November 2016.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 24.6 billion euros in November 2016, which takes into account the balances of trade in goods including supplementary trade items (+24.3 billion euros), services (-1.8 billion euros), primary income (+6.1 billion euros) and secondary income (-4.0 billion euros). In November 2015, the German current account showed a surplus of 24.9 billion euros.
In November 2016, Germany exported goods to the value of 63.2 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 56.9 billion euros from those countries. Compared with November 2015, exports to the EU countries increased by 4.3%, and imports from those countries by 4.8%. Goods to the value of 39.7 billion euros (+5.2%) were dispatched to the Euro area countries in November 2016, while the value of the goods received from those countries was 38.0 billion euros (+3.0%). In November 2016, goods to the value of 23.6 billion euros (+2.8%) were exported to EU countries not belonging to the Euro area, while the value of the goods imported from those countries was 19.0 billion euros (+8.5%).
Exports of goods to countries outside the European Union (third countries) amounted to 45.2 billion euros in November 2016, while imports from those countries totalled 28.9 billion euros. Compared with November 2015, exports to third countries increased by 7.6% and imports from those countries by 3.9%.
| Item | November | January to November | October | November | January to November |
|---|---|---|---|---|---|
| 2016 | 2015 | ||||
| 1 According to calculations of the Deutsche Bundesbank. | |||||
| Foreign trade | |||||
| 1 Exports (f.o.b.) | 108.5 | 1,110.2 | 101.6 | 102.7 | 1,101.9 |
| 2 Imports (c.i.f.) | 85.8 | 875.9 | 82.2 | 82.2 | 876.0 |
| 3 Foreign trade balance (1-2) | 22.6 | 234.3 | 19.4 | 20.5 | 225.9 |
| Transition to trade in goods 1 | |||||
| 4 Supplementary trade items | 1.7 | 20.3 | 1.7 | 1.7 | 15.7 |
| Current account balances 1 | |||||
| 5 Trade in goods (3+4) | 24.3 | 254.6 | 21.1 | 22.2 | 241.6 |
| 6 Services | –1.8 | –29.1 | –3.7 | –1.7 | –32.1 |
| 7 Primary income | 6.1 | 52.6 | 5.7 | 6.9 | 52.5 |
| 8 Secondary income | –4.0 | –36.4 | –3.8 | –2.5 | –35.1 |
| Current account (5+6+7+8) | 24.6 | 241.8 | 19.4 | 24.9 | 227.0 |
| Item | November 2016 | January to November 2016 | Percentage change from | |
|---|---|---|---|---|
| November 2015 | January to November 2015 | |||
| billion euro | % | |||
| Results in accordance with the EU concept (by country of consignment) | ||||
| Total exports | 108.5 | 1,110.2 | 5.6 | 0.8 |
| including: | ||||
| EU Member States | 63.2 | 653.8 | 4.3 | 1.9 |
| Euro-zone | 39.7 | 407.4 | 5.2 | 1.4 |
| Non-euro-zone | 23.6 | 246.4 | 2.8 | 2.8 |
| Third countries | 45.2 | 456.5 | 7.6 | –0.9 |
| Total imports | 85.8 | 875.9 | 4.5 | 0.0 |
| including: | ||||
| EU Member States | 56.9 | 580.9 | 4.8 | 1.3 |
| Euro-zone | 38.0 | 393.8 | 3.0 | 0.2 |
| Non-euro-zone | 19.0 | 187.1 | 8.5 | 3.7 |
| Third countries | 28.9 | 295.0 | 3.9 | –2.4 |
| Year | Month | Exports | Imports | ||||||
|---|---|---|---|---|---|---|---|---|---|
| original value | calendar and seasonally adjusted value 1 | original value | calendar and seasonally adjusted value 1 | ||||||
| value in billion euros | change on the same month of the previous year in % | value in billion euros | change on previous month in % | value in billion euros | change on the same month of the previous year in % | value in billion euros | change on previous month in % | ||
| 1 Using Census X-12-ARIMA | |||||||||
| 2015 | January | 89.7 | 0.0 | 96.8 | –1.1 | 74.0 | –1.3 | 76.7 | –0.2 |
| February | 95.4 | 4.5 | 98.0 | 1.3 | 76.2 | 1.2 | 77.5 | 1.1 | |
| March | 107.6 | 13.5 | 98.6 | 0.6 | 84.6 | 8.0 | 79.6 | 2.7 | |
| April | 100.1 | 7.8 | 100.0 | 1.4 | 78.8 | 4.4 | 79.4 | –0.3 | |
| May | 95.4 | 4.8 | 101.5 | 1.5 | 76.3 | 3.6 | 79.7 | 0.4 | |
| June | 105.3 | 13.6 | 100.0 | –1.4 | 81.7 | 6.7 | 79.0 | –1.0 | |
| July | 106.7 | 6.8 | 102.5 | 2.4 | 82.3 | 7.0 | 80.5 | 1.9 | |
| August | 87.7 | 5.6 | 96.9 | –5.4 | 72.7 | 4.5 | 78.3 | –2.7 | |
| September | 105.4 | 3.9 | 99.6 | 2.8 | 83.2 | 4.2 | 80.5 | 2.9 | |
| October | 105.8 | 2.9 | 98.7 | –1.0 | 84.1 | 3.3 | 78.6 | –2.3 | |
| November | 102.7 | 8.2 | 99.7 | 1.1 | 82.2 | 6.0 | 79.7 | 1.4 | |
| December | 91.6 | 2.9 | 97.9 | –1.8 | 73.3 | 3.7 | 78.4 | –1.7 | |
| 2016 | January | 88.5 | –1.4 | 98.1 | 0.2 | 75.3 | 1.7 | 79.5 | 1.4 |
| February | 99.3 | 4.1 | 99.2 | 1.1 | 79.5 | 4.3 | 79.3 | –0.3 | |
| March | 106.7 | –0.9 | 100.6 | 1.5 | 80.9 | –4.3 | 77.6 | –2.0 | |
| April | 104.0 | 3.9 | 100.6 | –0.0 | 78.7 | –0.2 | 77.7 | 0.1 | |
| May | 97.0 | 1.6 | 99.3 | –1.3 | 76.2 | –0.1 | 77.7 | 0.0 | |
| June | 106.5 | 1.2 | 99.2 | –0.1 | 82.0 | 0.4 | 78.2 | 0.6 | |
| July | 96.0 | –10.0 | 97.7 | –1.6 | 76.9 | –6.5 | 78.1 | –0.0 | |
| August | 96.2 | 9.7 | 101.0 | 3.4 | 76.6 | 5.3 | 79.7 | 1.9 | |
| September | 106.0 | 0.6 | 100.1 | –0.9 | 81.8 | –1.6 | 79.0 | –0.8 | |
| October | 101.6 | –4.0 | 100.6 | 0.5 | 82.2 | –2.3 | 80.0 | 1.2 | |
| November | 108.5 | 5.6 | 104.5 | 3.9 | 85.8 | 4.5 | 82.8 | 3.5 | |