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- German trade balance surplus rose due to higher exports in January
German trade balance surplus rose due to higher exports in January
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 0.3% 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.
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