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Press release 159 / 2012-05-09: German exports and imports hitting record levels in March 2012

WIESBADEN – Germany exported commodities to the value of Euro 98.9 billion and imported commodities to the value of Euro 81.5 billion in March 2012. As further reported by the Federal Statistical Office (Destatis) on the basis of provisional data, these were the highest monthly figures ever recorded for exports and imports (both previous all-time highs recorded in March 2011). Compared with March 2011, German exports increased by 0.7% and imports by 2.6% in March 2012. Upon calendar and seasonal adjustment, exports increased by 0.9% and imports by 1.2% compared with February 2012. 

The foreign trade balance showed a surplus of about Euro 17.4 billion in March 2012. In March 2011, the surplus amounted to Euro 18.8 billion. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of Euro 13.7 billion in March 2012. 

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of Euro 19.8 billion in March 2012, which included the balance of services (+ Euro 1.3 billion), factor income net (+ Euro 5.7 billion), current transfers (– Euro 3.5 billion), and supplementary trade items (– Euro 1.2 billion). In March 2011, the German current account showed a surplus of Euro 21.3 billion. 

In March 2012, Germany dispatched commodities to the value of Euro 57.0 billion to the Member States of the European Union (EU), while it received commodities to the value of Euro 52.4 billion from those countries. Compared with March 2011, dispatches to the EU countries decreased by 2.8%, while arrivals from those countries increased by 2.1%. Commodities to the value of Euro 38.1 billion (–3.6%) were dispatched to the Euro area countries in March 2012, while the value of the commodities received from those countries was Euro 37.0 billion (+2.3%). In March 2012, commodities to the value of Euro 18.9 billion (–1.4%) were dispatched to EU countries not belonging to the Euro area, while the value of the commodities which arrived from those countries was Euro 15.4 billion (+1.7%). 

Exports of commodities to countries outside the European Union (third countries) amounted to Euro 41.9 billion in March 2012, while imports from those countries totalled Euro 29.1 billion. Compared with March 2011, exports to third countries increased by 6.1% and imports from those countries by 3.5%. 

Flows of commodities and services in Euro billion 
ItemMarchJanuary to
March
FebruaryMarchJanuary to
March
20122011
Discrepancies in the totals may occur due to rounding.
1   Exports (f.o.b.)98.9276.191.298.2260.9
2   Imports (c.i.f.)81.5230.676.379.4220.1
Balance of 
3   Foreign trade (1-2)17.445.514.918.840.8
4   Services1.3–0.50.41.31.9
5   Factor income (net)5.715.55.65.213.2
6   Current transfers–3.5–15.1–7.3–2.9–13.5
7   Supplementary trade items–1.2–4.5–1.9–1.0–1.8
8   Current account (3+4+5+6+7)19.840.911.721.340.5

 

Groups of countries 
Item

March

2012

January to
March
2012
Percentage change from
March
2011
January to
March
2011
Euro billionin %
Discrepancies in the totals may occur due to rounding.
Total exports98.9276.10.75.8
Including: 
EU Member States57.0161.3–2.82.3
Euro area38.1107.7–3.61.1
Non-euro area18.953.6–1.44.7
Third countries41.9114.86.111.2
Total imports81.5230.62.64.8
Including: 
EU Member States52.4145.82.15.0
Euro area37.0102.42.34.7
Non-euro area15.443.41.75.8
Third countries29.184.83.54.3

 

Foreign trade (special trade)
Exports and imports
Original values/calendar and seasonally adjusted values 1 
YearMonthExportsImports
original valuecalendar and seasonally adjusted value 1original valuecalendar and seasonally adjusted value 1
value
in
Euro billion
change on the same month of the pre-vious year
in %
value
in
Euro billion
change on previous month
in %
value
in
Euro billion
change on the same month of the pre-vious year
in %
value
in
Euro billion
change on previous month
in %
1 Using Census X-12-ARIMA.
2011January78.624.183.7 1.168.524.471.33.6
February84.120.185.11.772.127.173.63.2
March98.214.789.85.679.414.575.52.6
April84.312.186.2–4.173.418.174.1–1.9
May92.020.888.72.977.417.276.33.0
June88.13.388.2–0.575.66.276.1–0.3
July85.75.387.3–1.075.310.076.50.5
August85.114.490.23.373.513.276.50.0
September95.010.590.90.977.812.075.8–0.9
October89.23.788.1–3.277.98.975.80.1
November94.88.290.52.878.97.075.7–0.2
December85.04.986.6–4.372.15.472.7–3.9
2012January86.09.389.63.472.86.274.52.4
February91.28.590.91.576.35.877.23.6
March98.90.791.80.981.52.678.11.2

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