Press German exports in July 2017: +8.0% on July 2016

Press release No. 312 of 8 September 2017

WIESBADEN – Germany exported goods to the value of 103.7 billion euros and imported goods to the value of 84.2 billion euros in July 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 8.0% and imports by 9.4% in July 2017 year on year. Compared with June 2017, exports were up by 0.2% and imports by 2.2% in calendar and seasonally adjusted terms.

The foreign trade balance showed a surplus of 19.5 billion euros in July 2017. In July 2016, the surplus amounted to 19.1 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 19.5 billion euros in July 2017.

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 19.4 billion euros in July 2017, which takes into account the balances of trade in goods including supplementary trade items (+22.2 billion euros), services (–3.8 billion euros), primary income (+5.4 billion euros) and secondary income (–4.4 billion euros). In July 2016, the German current account showed a surplus of 18.3 billion euros.

In July 2017, Germany exported goods to the value of 59.9 billion euros to the Member States of the European Union ( EU ), while it imported goods to the value of 55.6 billion euros from those countries. Compared with July 2016, exports to the EU countries increased by 6.7%, and imports from those countries by 8.4%. Goods to the value of 37.9 billion euros (+6.9%) were dispatched to the Euro area countries in July 2017, while the value of the goods received from those countries was 38.0 billion euros (+7.5%). In July 2017, goods to the value of 21.9 billion euros (+6.4%) were exported to EU countries not belonging to the Euro area, while the value of the goods imported from those countries was 17.6 billion euros (+10.4%).

Exports of goods to countries outside the European Union (third countries) amounted to 43.8 billion euros in July 2017, while imports from those countries totalled 28.6 billion euros. Compared with July 2016, exports to third countries increased by 9.7% and imports from those countries by 11.5%.

Flows of commodities and services

in EUR bn Item July January to

July June July January

to

July 2017 2016 1 According to calculations of the Deutsche Bundesbank . Foreign trade 1 Exports (f.o.b.) 103.7 742.2 107.3 96.0 697.9 2 Imports (c.i.f.) 84.2 600.4 85.0 76.9 549.5 3 Foreign trade balance (1-2) 19.5 141.8 22.3 19.1 148.4 Transition to trade in goods 1 4 Supplementary trade items 2.7 15.5 2.7 1.7 14.4 Current account balances 1 5 Trade in goods (3+4) 22.2 157.3 25.0 20.8 162.7 6 Services –3.8 –11.2 –1.4 –3.5 –10.9 7 Primary income 5.4 26.0 5.1 4.5 22.0 8 Secondary income –4.4 –31.2 –3.6 –3.4 –21.2 Current account (5+6+7+8) 19.4 141.0 25.0 18.3 152.7

Groups of countries Item July

2017 January

to

July

2017 Percentage change from July

2016 January

to

July

2016 billion euro % Results in accordance with the EU concept (by country of consignment). Total exports 103.7 742.2 8.0 6.3 including: EU Member States 59.9 437.0 6.7 5.7 Euro-zone 37.9 274.6 6.9 6.2 Non-euro-zone 21.9 162.5 6.4 4.7 Third countries 43.8 305.2 9.7 7.3 Total imports 84.2 600.4 9.4 9.3 including: EU Member States 55.6 394.4 8.4 7.7 Euro-zone 38.0 266.9 7.5 6.8 Non-euro-zone 17.6 127.5 10.4 9.6 Third countries 28.6 206.0 11.5 12.4

Foreign trade (special trade)

Exports and imports

Original values/calendar and seasonally adjusted values 1 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 98.3 0.1 75.3 1.7 79.3 1.2 February 99.3 4.1 98.9 0.6 79.5 4.3 79.3 –0.0 March 106.7 –0.9 100.7 1.8 80.9 –4.3 77.4 –2.4 April 104.0 3.9 100.6 –0.0 78.7 –0.2 77.6 0.3 May 97.0 1.6 99.3 –1.4 76.2 –0.1 77.7 0.2 June 106.5 1.2 99.2 –0.1 82.0 0.4 78.3 0.7 July 96.0 –10.0 97.6 –1.6 76.9 –6.5 78.3 –0.0 August 96.2 9.7 101.0 3.5 76.6 5.3 79.8 2.0 September 105.9 0.4 100.0 –1.0 81.9 –1.6 79.3 –0.6 October 101.4 –4.2 100.6 0.6 82.2 –2.3 80.0 0.9 November 108.0 5.1 103.6 3.0 85.9 4.5 82.7 3.4 December 97.4 6.3 101.5 –2.1 78.8 7.6 82.9 0.1 2017 January 98.8 11.6 104.0 2.4 84.0 11.7 85.1 2.7 February 102.4 3.2 105.0 0.9 82.4 3.7 83.8 –1.5 March 118.3 10.9 105.4 0.5 93.0 14.9 85.6 2.2 April 101.0 –2.9 106.3 0.8 83.1 5.6 86.7 1.2 May 110.7 14.1 107.9 1.6 88.7 16.3 87.7 1.1 June 107.3 0.8 105.0 –2.7 85.0 3.7 83.8 –4.4 July 103.7 8.0 105.2 0.2 84.2 9.4 85.6 2.2