| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : EU Economy Last Updated: Nov 8, 2012 - 7:35 AM


German exports and imports fell in September 2012; Value of Eurozone shipments dipped 9%
By Finfacts Team
Nov 8, 2012 - 7:30 AM

Email this article
 Printer friendly page

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%.

Check out our 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.

Related Articles
403 Forbidden

Forbidden

Execute access is denied.


© Copyright 2011 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
ECB hires BlackRock Solutions to advise on bond buying
Business confidence fell in the Eurozone in August
German consumer confidence in biggest plunge since at least 1980
In 2013 China alone received more FDI inflows than all EU countries together
Germany feels slight chill from sanctions on Russia
Eurozone recovery weakens in August, as France stabilises
France confirms €50bn in spending cuts in 2015-17 despite stagnation
Eurozone inflation "more or less" at a trough
German Industry: Engine spluttering but not expected to stall
Eurozone annual inflation confirmed at 0.4% in July
Eurozone growth stagnated in second quarter of 2014
German GDP shrank in Q2 2014; France stagnated; Greece returned to growth
"Made in Germany" piracy big threat to German business
Industrial production dipped again in Eurozone in June contrary to PMI surveys
Over 1,000 African migrants try to enter Spain in 2 days
ZEW Indicator of Economic Sentiment for Germany fell sharply in August
Eurozone second quarter GDP report expected to be bleak
Eurozone retail sales fall in July as downturns in France and Italy deepen
German outlook for H2 2014 bleak according to Deutsche Bank
German imports rose at their fastest rate in over three years in June
ECB and Bank of England keep benchmark interest rates at record lows
79% of Germany's trade surplus in 2013 with 5 non-euro countries + France, Austria
European government bond yields at historical lows; Dutch rate lowest in 500 years
German business confidence dropped in June to lowest level since October
Eurozone economic growth accelerated in July; France remained in red zone
France opens tax evasion probe of UBS; Swiss invite India to discuss tax dodger list
FDI into western Europe declined between March and May 2014
Eurozone annual inflation stable at 0.5% in June - down from 1.6% in 2013
Eurozone construction activity fell in May
Eurozone is recovering; Deep-seated obstacles to growth remain says IMF
German economic sentiment fell for seventh straight time in July 2014
Industrial production down by 1.1% in Eurozone and EU28 in May
French industrial production plummeted in May
Germany's exports, imports and industrial production fell in May
European industrialist urges ECB to tackle “crazy” strength of euro
Eurozone retail sales PMI flat in June as falls in France and Italy offset German gains
European Central Bank keeps rates unchanged
Business activity in the Eurozone service sector eased in June
France and Italy need to cut unit labour costs by 15% and 20% to match Spain and Slovenia
European Union and Switzerland bury "the hatchet" on corporate taxes