Press release No. 085 of 10 March 2017
WIESBADEN – Germany exported goods to the value of 98.9 billion euros and imported goods to the value of 84.0 billion euros in January 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports rose by 11.8% and imports by 11.7% in January 2017 year on year. After calendar and seasonal adjustment, exports were up by 2.7% and imports by 3.0% compared with December 2016.
The foreign trade balance showed a surplus of 14.8 billion euros in January 2017. In January 2016, the surplus amounted to +13.2 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 18.5 billion euros in January 2017.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 12.8 billion euros in January 2017, which takes into account the balances of trade in goods including supplementary trade items (+15.2 billion euros), services (–1.3 billion euros), primary income (+5.8 billion euros) and secondary income (–6.8 billion euros). In January 2016, the German current account showed a surplus of 14.6 billion euros.
In January 2017, Germany dispatched goods to the value of 58.8 billion euros to the Member States of the European Union (EU), while it received goods to the value of 53.9 billion euros from those countries. Compared with January 2016, exports to the EU countries increased by 8.0%, and imports from those countries by 11.3%. Goods to the value of 37.1 billion euros (+8.4%) were dispatched to the Euro area countries in January 2017, while the value of the goods received from those countries was 36.4 billion euros (+9.3%). In January 2017, goods to the value of 21.7 billion euros (+7.3%) were exported to EU countries not belonging to the Euro area, while the value of the goods which were imported from those countries was 17.5 billion euros (+15.6%).
Exports of goods to countries outside the European Union (third countries) amounted to 40.1 billion euros in January 2017, while imports from those countries totalled 30.1 billion euros. Compared with January 2016, exports to third countries increased by 17.7% and imports from those countries by 12.4%.
| Item | January | December | January |
|---|---|---|---|
| 2017 | 2016 | ||
| 1 According to calculations of the Deutsche Bundesbank. | |||
| Foreign trade | |||
| 1 Exports (f.o.b.) | 98.9 | 97.5 | 88.5 |
| 2 Imports (c.i.f.) | 84.0 | 78.7 | 75.3 |
| 3 Foreign trade balance (1-2) | 14.8 | 18.7 | 13.2 |
| Transition to trade in goods 1 | |||
| 4 Supplementary trade items | 0.3 | –1.5 | 0.7 |
| Current account balances 1 | |||
| 5 Trade in goods (3+4) | 15.2 | 17.2 | 13.9 |
| 6 Services | –1.3 | 1.2 | –1.5 |
| 7 Primary income | 5.8 | 10.3 | 4.5 |
| 8 Secondary income | –6.8 | –4.0 | –2.3 |
| Current account (5+6+7+8) | 12.8 | 24.8 | 14.6 |
| Item | January 2017 | January 2016 | change on January 2016 |
|---|---|---|---|
| billion euro | % | ||
| Results in accordance with the EU concept (by country of consignment) | |||
| Total exports | 98.9 | 88.5 | 11.8 |
| including: | |||
| EU Member States | 58.8 | 54.4 | 8.0 |
| Euro-zone | 37.1 | 34.2 | 8.4 |
| Non-euro-zone | 21.7 | 20.2 | 7.3 |
| Third countries | 40.1 | 34.0 | 17.7 |
| Total imports | 84.0 | 75.3 | 11.7 |
| including: | |||
| EU Member States | 53.9 | 48.4 | 11.3 |
| Euro-zone | 36.4 | 33.3 | 9.3 |
| Non-euro-zone | 17.5 | 15.2 | 15.6 |
| Third countries | 30.1 | 26.8 | 12.4 |
| 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 | |||||||||
| 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 | 105.9 | 0.4 | 100.0 | –1.0 | 81.9 | –1.6 | 79.1 | –0.7 | |
| October | 101.4 | –4.2 | 100.5 | 0.5 | 82.2 | –2.3 | 80.0 | 1.2 | |
| November | 107.9 | 5.1 | 104.0 | 3.5 | 85.8 | 4.4 | 82.7 | 3.4 | |
| December | 97.5 | 6.4 | 101.1 | –2.8 | 78.7 | 7.5 | 82.8 | 0.1 | |
| 2017 | January | 98.9 | 11.8 | 103.8 | 2.7 | 84.0 | 11.7 | 85.3 | 3.0 |