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- Germany's trade surplus rose in September
Germany's trade surplus rose in September
According to the report from Federal Statistical Office (Destatis), Germany exported goods to the value of 114.2 billion euros and imported goods to the value of 93.0 billion euros in September 2019. Destatis also reports that German exports increased by 4.6% and imports by 2.3% in September 2019 year on year. After calendar and seasonal adjustment, exports were up 1.5% and imports 1.3% compared with August 2019.
The foreign trade balance showed a surplus of 21.1 billion euros in September 2019. In September 2018, the surplus amounted to +18.2 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 19.2 billion euros in September 2019.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 25.5 billion euros in September 2019, which takes into account the balances of trade in goods including supplementary trade items (+22.9 billion euros), services (-3.2 billion euros), primary income (+9.2 billion euros) and secondary income (-3.4 billion euros). In September 2018, the German current account showed a surplus of 18.9 billion euros.
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