WIESBADEN - 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%.
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.
In June 2016, Germany exported goods to the value of 62.7 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 55.2 billion euros from those countries. Compared with June 2015, exports to the EU countries increased by 2.3%, and imports from those countries by 3.3%. Goods to the value of 38.9 billion euros ( 0.1%) were dispatched to the Euro area countries in June 2016, while the value of the goods received from those countries was 38.0 billion euros ( 3.0%). In June 2016, goods to the value of 23.8 billion euros ( 6.0%) were exported to EU countries not belonging to the Euro area, while the value of the goods imported from those countries was 17.2 billion euros ( 3.9%).
Exports of goods to countries outside the European Union (third countries) amounted to 44.1 billion euros in June 2016, while imports from those countries totalled 26.8 billion euros. Compared with June 2015, exports to third countries decreased by 0.4% and imports from those countries by 5.4%.