79% of Germany's trade surplus in 2013 with 5 non-euro countries + France, Austria

EU Economy
79% of Germany's trade surplus in 2013 with 5 non-euro countries + France, Austria
By Michael Hennigan, Finfacts founder and editor
Jul 30, 2014 - 6:47 AM

Printer-friendly page from Finfacts Ireland Business News - Click for the News Main Page - A service of the Finfacts Ireland Business and Finance Portal

Five non-euro area countries together with France and Austria accounted for 79% of Germany's merchandise trade surplus of €198bn in 2013, according to data published by Destatis, the German federal statistics office.

US, France, UK, Austria, Turkey, United Arab Emirates and Switzerland accounted for surpluses of €40bn, €36bn, €33bn, €20bn, €9bn, €9bn and €9bn respectively, totalling €156bn according to the data [pdf].

In 2013 almost 800,000 enterprises were active in foreign trade with about 340,000 companies exporting.

Some 6,200 foreign-owned exporting firms were responsible for 8.3% of the value of total goods exports €1.1tn.