WIESBADEN - Germany exported goods to the value of 108.5 billion euros and imported goods to the value of 85.8 billion euros in November 2016. These are the highest monthly figures ever calculated both for exports and for imports. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 5.6% and imports by 4.5% in November 2016 year on year. After calendar and seasonal adjustment, exports increased by 3.9% and imports by 3.5% compared with October 2016.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 24.6 billion euros in November 2016, which takes into account the balances of trade in goods including supplementary trade items ( 24.3 billion euros), services (-1.8 billion euros), primary income ( 6.1 billion euros) and secondary income (-4.0 billion euros). In November 2015, the German current account showed a surplus of 24.9 billion euros.
In November 2016, Germany exported goods to the value of 63.2 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 56.9 billion euros from those countries. Compared with November 2015, exports to the EU countries increased by 4.3%, and imports from those countries by 4.8%. Goods to the value of 39.7 billion euros ( 5.2%) were dispatched to the Euro area countries in November 2016, while the value of the goods received from those countries was 38.0 billion euros ( 3.0%). In November 2016, goods to the value of 23.6 billion euros ( 2.8%) were exported to EU countries not belonging to the Euro area, while the value of the goods imported from those countries was 19.0 billion euros ( 8.5%).
Exports of goods to countries outside the European Union (third countries) amounted to 45.2 billion euros in November 2016, while imports from those countries totalled 28.9 billion euros. Compared with November 2015, exports to third countries increased by 7.6% and imports from those countries by 3.9%.