- Analytics
- News and Tools
- Market News
- Eurozone's trade surplus shrank sharply in August
Eurozone's trade surplus shrank sharply in August
According to the report from the Federal Statistical Office (Destatis), in August 2021, German exports were down by 1.2% and imports were up by 3.5% on a calendar and seasonally adjusted basis compared with July 2021. Destatis also reports that, after calendar and seasonal adjustment, exports were 0.5% and imports 9.9% higher than in February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany.
In August 2021, exports of goods amounted to 104.4 billion euros and imports of goods to 93.8 billion euros. Compared with August 2020, exports increased by 14.4% and imports by 18.1% in August 2021.
The foreign trade balance showed a surplus of 10.7 billion euros in August 2021. In August 2020, the surplus amounted to 11.9 billion euros. The calendar and seasonally adjusted surplus in August 2021 was 13.0 billion euros.
The current account of the balance of payments showed a surplus of 11.8 billion euros in August 2021, which takes into account the balances of trade in goods (+11.0 billion euros), services (-4.8 billion euros), primary income (+10.3 billion euros) and secondary income (-4.8 billion euros). In August 2020, the current account showed a surplus of 16.7 billion euros.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
