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German goods exports and imports fell in
September 2012 according to Destatis, the federal statistics office, today. The
value of Eurozone shipments dipped 9%. Germany exported goods to the value of €91.7bn
and imported commodities to the value of €74.9bn in September 2012. Provisional
data shows that German exports fell by 3.4% and German imports by 3.6% in
September 2012 on September 2011 while after calendar and seasonal adjustments,
exports dropped by 2.5% and imports by 1.6% compared with August 2012.
The foreign trade balance showed a surplus of
€16.9bn in September 2012. In September 2011, the surplus had amounted to
€17.3bn. The seasonally adjusted foreign trade balance recorded a surplus of €
17.0bn in September 2012.
According to data from the Deutsche Bundesbank, the central bank, the
current account of the balance of payments showed a surplus of €16.3bn in
September 2012, which included the balance of services (+ € 0.5bn), factor
income net (+€4.9bn), current transfers (– €3.2bn), and supplementary trade
items (– €2.7bn). In September 2011, the German current account had showed a
surplus of € 17.0bn.
In September 2012, Germany dispatched commodities
to the value of €52.6bn to the member countries of the European Union while it
received commodities to the value of €47.5bn from those countries. Compared with
September 2011, dispatches to the EUcountries decreased by 7.0%, and arrivals from those countries by 4.8%.
Commodities to the value of €34.5bn (–9.1%) were shipped to Eurozone countries
in September 2012, while the value of the commodities received from those
countries was €32.7bn (–5.7%). In September 2012, commodities to the value of
€18.1bn (–2.7%) were dispatched to EUcountries not belonging to the Eurozone, while the value of the commodities
which arrived from those countries was €14.8bn (–2.8%).
Exports of commodities to countries outside the
European Union (third countries) amounted to € 39.2bn in September 2012, while
imports from those countries totalled €27.4bn. Compared with September 2011,
exports to third countries increased by 1.8% and imports from those countries
decreased by 1.4%.
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