WIESBADEN - Germany exported goods to the value of 101.5 billion euros and imported goods to the value of 82.2 billion euros in October 2016. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports decreased by 4.1% in October 2016 year on year while imports were down by 2.2%. After calendar and seasonal adjustment, exports increased by 0.5% and imports by 1.3% compared with September 2016.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 18.4 billion euros in October 2016, which takes into account the balances of trade in goods including supplementary trade items ( 20.2 billion euros), services (-3.5 billion euros), primary income ( 5.5 billion euros) and secondary income (-3.8 billion euros). In October 2015, the German current account showed a surplus of 21.7 billion euros.
In October 2016, Germany exported goods to the value of 59.7 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 54.2 billion euros from those countries. Compared with October 2015, exports to the EU countries decreased by 4.5%, and imports from those countries by 1.9%. Goods to the value of 37.4 billion euros (-4.1%) were dispatched to the Euro area countries in October 2016, while the value of the goods received from those countries was 36.4 billion euros (-2.6%). In October 2016, goods to the value of 22.3 billion euros (-5.4%) were dispatched to EU countries not belonging to the Euro area, while the value of the goods which arrived from those countries was 17.8 billion euros (-0.5%).
Exports of goods to countries outside the European Union (third countries) amounted to 41.8 billion euros in October 2016, while imports from those countries totalled 28.0 billion euros. Compared with October 2015, exports to third countries decreased by 3.4% and imports from those countries by 2.7%.