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German exports increased 4.6%, imports 2.3% in September 2019

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Christian Fernsby ▼ | November 8, 2019
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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.

Topics: German

Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased 4.6% and imports 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 Septmebr 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.

In September 2019, Germany exported goods to the value of 68.4 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 53.6 billion euros from those countries.

Compared with September 2018, exports to the EU countries increased 5.6%, and imports from those countries 2.1%.

Goods to the value of 43.0 billion euros (+4.8%) were exported to the Euro area countries in September 2019, while the value of the goods imported from those countries was 34.4 billion euros (+1.4%).

In September 2019, goods to the value of 25.4 billion euros (+7.0%) were exported to EU countries not belonging to the Euro area, and the value of the goods imported from those countries was 19.2 billion euros (+3.3%).

Exports of goods to countries outside the European Union (third countries) amounted to 45.7 billion euros in September 2019, while imports from those countries totalled 39.4 billion euros.

Compared with September 2018, exports to third countries increased 3.2% and imports from those countries 2.5%.

The results for reference year 2018 are now final.


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