German exports rose 1.6% in the month of February
2012 while imports increased 3.9%, according to Destatis, the federal statistics
Germany exported commodities to the value of €91.3bn and imported
commodities to the value of €76.5bn in February 2012. German exports increased by 8.6% and imports
by 6.1% in February 2012 on February 2011. After calendar and seasonal
adjustment, exports increased by 1.6% and imports by 3.9% compared with January
2012. The foreign trade balance showed a surplus of about €14.7bn in
February 2012. In February 2011, the surplus amounted to €11.9bn. In
calendar and seasonally adjusted terms, the foreign trade balance recorded a
surplus of €13.6 bn in February 2012.
According to provisional results of the Deutsche Bundesbank,
the central bank, the current
account of the balance of payments showed a surplus of €11.1bn in
February 2012, which included the balance of services (–€0.1bn),
factor income net (+€5.7bn), current transfers (– €7.3bn),
and supplementary trade items (– €1.9bn). In February 2011, the German
current account showed a surplus of €10.6bn.
In February 2012, Germany dispatched commodities to the value of
€53.4bn to the member countries of the European Union, while it received commodities to the value of
€48.7bn from those
countries. Compared with February 2011, dispatches to the EU countries increased by 5.4% and
arrivals from those countries by 6.6%. Commodities to the value of €35.4bn (+3.3%) were dispatched to the
Eurozone countries in February
2012, while the value of the commodities received from those countries was €34.1bn (+5.5%). In February 2012, commodities to the value of
€18.0bn (+9.7%) were shipped to EU countries not belonging to the Eurozone, while the value of the commodities
which arrived from those countries was €14.6bn (+9.3%).
Exports of commodities to countries outside the
European Union (third
countries) amounted to €37.9bn in February 2012, while imports from
those countries totalled €27.8bn. Compared with February 2011, exports
to third countries increased by 13.4% and imports from those countries by 5.2%.
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