German exports, adjusted for work days and
seasonal changes, fell 4.3% in the month of December, Destatis the federal
statistics office said today. German exports gained 11.4% n 2011 to €1.06trn,
crossing the trillion- euro mark for the first time.
Germany exported commodities to the value of
€1.06trn and imported commodities to the value of €902.0bn in 2011.So
German exports increased by 11.4% and imports by 13.2% in 2011 on 2010. In 2011,
the value of German exports for the first time exceeded a trillion euros.
Imports, too, exceeded by far the previous maximum of €805.8bn (reached in
The foreign trade balance showed a surplus of
€158.1bn in 2011. In 2010, the surplus amounted to €154.9bn.
According to provisional results of the
Deutsche Bundesbank, the current account of the balance
of payments showed a surplus of €135.9bn in 2011, which included the
balance of services (– €7.8bn), factor income net (+ €40.9bn), current transfers
(– €35.6bn), and supplementary trade items (– €19.7bn). In 2010, the German
current account showed a surplus of €141.5bn.
In 2011, Germany dispatched commodities to the
value of €627.3bn to the member states of the European Union (
while it received commodities to the value of €572.6bn from those
countries. Compared with 2010, shipments to the
EU countries increased by 9.9% and arrivals from those countries by
13.8%. Commodities to the value of €420.9bn (+8.6%) were dispatched to
the Eurozone countries in 2011, while the value of the commodities
received from those countries was €401.5bn (+12.9%). In 2011,
commodities to the value of €206.4bn (+12.6%) were dispatched to
EU countries not belonging to the
Eurozone, while the value of the commodities which arrived from those countries
was €171.1bn (+16.1%).
Exports of commodities to countries outside the
European Union (third countries) amounted to €432.8bn in 2011, while imports
from those countries totalled €329.4bn. Compared with 2010, exports to
third countries increased by 13.6% and imports from those countries by 12.0%.
In December 2011, Germany exported commodities to
the value of €85.1bn (+5.0% on December 2010) and imported commodities to the
value of €72.1bn (+5.4%).
After calendar and seasonal adjustment, exports
decreased by 4.3% and imports by 3.9% on November 2011. In calendar and
seasonally adjusted terms, the foreign trade balance recorded a surplus of
€ 13.9bn in December 2011.
Check out our new
subscription service, Finfacts Premium
, at a low annual charge of €25 - - if
you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to
support the service.
It's a simple fact that in the
prevailing economic climate, the provision of high quality content cannot be
sustained through advertising alone.
Business executives who put a
premium on time and value high quality information, should use our service.
Execute access is denied.