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- German trade balance surplus rose less than expected in September
German trade balance surplus rose less than expected in September
Germany exported goods to the value of 109.1 billion euros and imported goods to the value of 90.7 billion euros in September 2018. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports declined by 1.2%, while imports increased by 5.3% in September 2018 year on year. After calendar and seasonal adjustment, exports were down 0.8% and imports declined 0.4% compared with August 2018.
The foreign trade balance showed a surplus of 18.4 billion euros in September 2018. In September 2017, the surplus amounted to 24.2 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 17.6 billion euros in September 2018.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 21.1 billion euros in September 2018, which takes into account the balances of trade in goods including supplementary trade items (+19.7 billion euros), services (-1.8 billion euros), primary income (+6.8 billion euros) and secondary income (-3.6 billion euros). In September 2017, the German current account showed a surplus of 26.9 billion euros.
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