WIESBADEN - Germany exported goods to the value of 96.5 billion euros and imported goods to the value of 76.5 billion euros in August 2016. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 9.8% and imports by 5.3% in August 2016 year on year. Compared with July 2016, exports were up by 5.4% and imports by 3.0% in calendar and seasonally adjusted terms.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 17.9 billion euros in August 2016, which takes into account the balances of trade in goods including supplementary trade items ( 22.2 billion euros), services (-5.6 billion euros), primary income ( 5.8 billion euros) and secondary income (-4.5 billion euros). In August 2015, the German current account showed a surplus of 14.4 billion euros.
In August 2016, Germany exported goods to the value of 54.3 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 48.5 billion euros from those countries. Compared with August 2015, exports to the EU countries increased by 10.0%, and imports from those countries by 5.2%. Goods to the value of 32.6 billion euros ( 8.8%) were dispatched to the Euro area countries in August 2016, while the value of the goods received from those countries was 32.5 billion euros ( 4.1%). In August 2016, goods to the value of 21.7 billion euros ( 11.8%) were exported to EU countries not belonging to the Euro area, while the value of the goods imported from those countries was 16.0 billion euros ( 7.5%).
Exports of goods to countries outside the European Union (third countries) amounted to 42.2 billion euros in August 2016, while imports from those countries totalled 28.0 billion euros. Compared with August 2015, exports to third countries increased by 9.6% and imports from those countries by 5.5%.