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09.09.2016 06:09

German trade balance declines in July

Germany exported goods to the value of 106.8 billion euros and imported goods to the value of 82.0 billion euros in June 2016. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 1.2% and imports by 0.3% in June 2016 year on year. Compared with May 2016, exports increased by a calendar and seasonally adjusted 0.3%, and imports by 1.0%.

The foreign trade balance showed a surplus of 24.9 billion euros in June 2016. In June 2015, the surplus amounted to 23.9 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 21.7 billion euros in June 2016.

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 26.3 billion euros in June 2016, which takes into account the balances of trade in goods including supplementary trade items (+26.8 billion euros), services (-2.7 billion euros), primary income (+4.4 billion euros) and secondary income (-2.1 billion euros). In June 2015, the German current account showed a surplus of 25.3 billion euros.

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