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Actual | Forecast | Previous | Revised Form | |
| 8.0B | 16.7B | 13.4B | 16.7B | ||
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For January
(s.a.)
Imports (s.a.) m/m: 6.1%, pr. 4.5% (Dec), -5.9% (Nov), -2.4% (Oct),
Exports (s.a.) m/m: -6.3%, pr. 3.0% (Dec), 1.6% (Nov),
2.5% (Oct),
Germany’s seasonally adjusted exports unexpectedly fell 6.3% m/m in January, the first fall in 5 months, after an upwardly revised 3.4% m/m gain in December, according to figures for the Federal Statistical Office. Imports climbed for a second month, rising 6.0% m/m, following an upwardly revised 5.0% m/m December advance. Exports increased 0.2% y/y in January, a second year-on-year gain, while imports declined 1.4% y/y. The trade surplus unexpectedly narrowed to €8.0 billion ($10.9 billion) in January from a downwardly revised €13.4 billion in December. The current account surplus shrank to €3.6 billion from December’s downwardly revised €19.9 billion. |
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| 6/9 | 7/9 | 8/7 | 9/8 | 10/9 | 11/9 | 12/9 | 1/8 | 2/9 | 3/10 | ||
| Actual | 9.0B | 9.6B | 12.2B | 13.9B | 8.1B | 9.9B | 12.9B | 17.2B | 16.7B | 8.0B | |
| Forecast | 9.4B | 8.9B | 11.0B | 11.3B | 12.6B | 11.3B | 10.3B | 12.2B | 14.8B | 16.7B | |
| Previous | 8.9B | 9.0B | 9.5B | 11.0B | 12.4B | 10.6B | 10.4B | 12.7B | 17.0B | 13.4B | |
| Revised From | N/A | N/A | 10.3B | 11.0 | N/A | N/A | 9.9B | 12.9B | 17.2B | 16.7B | |
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Actual | Forecast | Previous | Revised Form | |
| 16.7B | 14.8B | 17.0B | 17.2B | ||
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For December
(s.a.)
Imports (s.a.) m/m: 4.5%, forecast 3.0%, pr. -5.9% (Nov),
Exports (s.a.) m/m: 3.0%, forecast -0.1%, pr. 1.6% (Nov),
The German trade balance posted a 16.7 billion euro surplus in December, a figure that was smaller than in November, but better than expectations. Exports rose 3%, beating forecasts, while imports were up 4.5%. Exports are vital to the German economy, and this is now the 7th month out of 8 in which they have risen. However for the 2009 year exports were down 18.4% as a result of the global recession as a result of the financial crisis in late 2008. Germany has now lost its long-held status as the world's largest exporter as China exported a total of $1.202 trillion while Germany totaled $1.121 trillion. |
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Actual | Forecast | Previous | Revised Form | |
| 17.2B | 12.2B | 12.7B | 12.9B |
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Actual | Forecast | Previous | Revised Form | |
| 12.9B | 10.3B | 10.4B | 9.9B | ||
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For October
(s.a.)
Imports (s.a.) m/m: -2.4%, forecast 0.2%, pr. 5.8% (Sep),
Exports (s.a.) m/m: 2.5%, forecast 2.0%, pr. 3.6% (Sep),
The German trade balance rose more than expected in October, climbing to €12.6 billion, as exports grew 2.5% while imports slid by a similar amount. Higher exports will help to bolster the economic recovery in the country. That is the second month in a row that exports were higher, and the fifth time in the past six months. |
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Actual | Forecast | Previous | Revised Form | |
| 9.9B | 11.3B | 10.6B | N/A | ||
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For September
(s.a.)
Imports (s.a.) m/m: 5.8%, forecast 0.9%, pr. 0.5% R- (Aug),
Exports (s.a.) m/m: 3.8%, forecast 2.5%, pr. -2.8% R- (Aug),
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Actual | Forecast | Previous | Revised Form | |
| 8.1B | 12.6B | 12.4B | N/A | ||
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For August
(s.a.)
Imports (s.a.) m/m: 1.1%, pr. 0.0% (Jul), 5.9% (Jun), -2.1% (May),
Exports (s.a.) m/m: -1.8%, pr. 2.3% (Jul), 6.1% (Jun), 0.3% (May),
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Actual | Forecast | Previous | Revised Form | |
| 13.9B | 11.3B | 11.0B | 11.0 | ||
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For July
(s.a.)
Imports (s.a.) m/m: 0.0%, pr. 5.9% R (Jun), -2.1% (May),
Exports (s.a.) m/m: 2.3%, pr. 6.1% R (Jun), 0.3% (May), -4.8% (Apr),
German exports, a key driver of growth for the economy, rose for a third straight month in July. In seasonally adjusted terms exports were up 2.3%, while imports remained flat, improving the trade surplus to 13.9 billion Euros. A pick up in global trade will help the economy's recovery, as it has already posted positive growth in the 2nd quarter and Germany is the world's largest exporter. The better trade data was countered later in the session by a disappointing industrial production report. |
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Actual | Forecast | Previous | Revised Form | |
| 12.2B | 11.0B | 9.5B | 10.3B | ||
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For June
(s.a.)
Imports (s.a.) m/m: 6.8%, pr. -2.1% (May), -5.8% (Apr), 0.8% (Mar),
Exports (s.a.) m/m: 7.0%, pr. 0.3% (May), -4.8% (Apr), 0.7% (Mar),
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Actual | Forecast | Previous | Revised Form | |
| 9.6B | 8.9B | 9.0B | N/A | ||
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For May
(s.a.)
Imports (s.a.) m/m: -2.1%, pr. -5.8% (Apr), 0.8% (Mar), -4.2% (Feb),
Exports (s.a.) m/m: 0.3%, pr. -4.8% (Apr), 0.7% (Mar), -0.7% (Feb),
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Actual | Forecast | Previous | Revised Form | |
| 9.0B | 9.4B | 8.9B | N/A | ||
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For April
(s.a.)
Trade Bal. (n.s.a): 9.4B, pr. 11.3B (Mar), 8.7B (Feb), 7.0B (Jan),
Imports (s.a.) m/m: -5.8%, pr. 0.8% (Mar), -4.2% (Feb),
Exports (s.a.) m/m: -4.8%, pr. 0.7% (Mar), -0.7% (Feb),
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