| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


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.


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


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


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : EU Economy Last Updated: Apr 26, 2013 - 2:25 PM

German trade surplus in 2012 second-highest since 1950; French deficit fell
By Finfacts Team
Feb 8, 2013 - 7:55 AM

Email this article
 Printer friendly page

Germany exported commodities to the value of €1.1tn in 2012 and imported goods worth €909.2bn in 2012. Destatis, the German federal statistics office, said today that exports increased by 3.4% and imports by 0.7% in 2012 on the record year of 2011. The foreign merchandise trade balance showed a surplus of €188.1bn in 2012, which is the second largest surplus since the introduction of foreign trade statistics in 1950. In 2011, the surplus of the foreign trade balance had been €158.7bn. The largest surplus to date of €195.3bn was recorded in 2007. However, the German Eurozone merchandise trade surplus was only €7bn. On Thursday, France reported a trade deficit of €67bn down from €74bn in 2011.

According to provisional data from the Deutsche Bundesbank, the central bank, the current account of the balance of payments showed a surplus of €166.9bn in 2012, which included the balance of services (–€6.7bn), factor income net (+€51.8bn), current transfers (–37.1bn), and supplementary trade items (–€29.2bn). In 2011, the German current account showed a surplus of €147.2bn. 

In 2012, Germany dispatched commodities to the value of €625.7bn to the member states of the European Union (EU), while it received commodities to the value of €577.1bn from those countries. Compared with 2011, dispatches to the EU countries fell by 0.3%, while arrivals from those countries increased by 0.9%. Commodities to the value of €411.9bn (–2.1%) were dispatched to the Eurozone countries in 2012, while the value of the goods received from those countries was €404.2bn (+0.7%). In 2012, commodities to the value of 213.8bn (+3.3%) were dispatched to EU countries not belonging to the Euro area, while the value of the commodities which arrived from those countries was 172.9bn (+1.4%). 

Exports of commodities to countries outside the European Union (third countries) amounted to €471.7bn in 2012, while imports from those countries totalled €332.1bn. Compared with 2011, exports to third countries increased by 8.8% and imports from those countries by 0.4%. 

In December 2012, Germany exported commodities to the value of €79.0bn (–6.9% on December 2011) and imported commodities to the value of €67.0bn (–7.3%).

Exports and imports showed diverging trends on a calendar and seasonally adjusted basis: while exports rose by 0.3% on November 2012, imports went down by a calendar and seasonally adjusted 1.3%. The foreign trade balance recorded a surplus of €16.8bn in December 2012 in calendar and seasonally adjusted terms.


Excluding trade in energy, the French deficit fell to €15bn from €29bn in 2011.

French exports rose by 3.2% in 2012 to €441.7bn while imports grew 1.3% to €508.8bn.

Exports to Europe fell to 59% of France's total exports, from 61% in 2011, the trade ministry said.

For the third straight year, exports Asia had the biggest growth, rising 13%.

The aeronautical industry (e.g. Airbus) had the biggest trade surplus of €20bn, followed by food and agricultural products at €11.5bn led by good wine and spirits sales.

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
Related Articles

© Copyright 2011 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
Spain's strong recovery to slow in the next few years
Italy's Mezzogiorno is Achilles' heel of Euro Area - lowest birth rate since 1862
Euro Area GDP grows at weak 0.3% in Q2 2015
German GDP up 0.4% in Q2 2015; France's GDP stagnates
Germany's Surplus: Lots of critics; Credible solutions scarce
Euro Area industrial production dips in June and May after a flat April
Greece faces two years of recession according to EU officials
High EU youth unemployment rate not as bad as it seems
Eurozone retail PMI surges to highest since January 2011
ECB monetary policy still tight for Southern Europe
German exports fell in June — surplus at record; Exports up 13.7% year-on-year
Eurozone manufacturing sector continued to expand in July
Weak euro unlikely to have significant impact on Euro Area growth
Is Euro Area Ireland's top trading partner?: EU28 is overwhelmingly UK's
German car firms boost exports from Spain, UK, Portugal, Czech Republic, Slovakia, Hungary and Romania
Flash Eurozone manufacturing/ services PMI close to four-year high despite Greek crisis
Krugman calls euro a Roach Motel; Hotel California gets 1-star grade
Greece & Euro Crisis: July 2015 articles from Finfacts
Greece and other poor countries in Euro Area will not become rich
Euro Area manufacturing/ services PMI hits four-year high in June
Western European car market: Recovery continues
Greece could become a failed state like Venezuela
Multinational companies pay on average 30% less tax than domestic competitors in EU
EU's list of 30 tax havens omits the biggest 4 in Europe
China to invest in Juncker's European investment fund
Greek talks collapse; Game theorists gambling with future — Germany's vice-chancellor
German exports and industrial production in strong rises in April
Tackling Inequality: Scandinavian countries have the most successful welfare systems in Europe
Eurozone unemployment fell by 130,000 in April 2015 — down 849,000 in 12 months
Eurozone service sector business activity slowed during May
German 2015 GDP forecast cut; Jobless level at 24-year low
Eurozone manufacturing in modest acceleration in May
FDI into Europe at record in 2014; UK on top: Germany location for future investment
Eurozone economy loses growth momentum; Jobs growth rises
Athens leak suggests Juncker has plan for Greece
Draghi will not end QE early but warns of risks
Eurozone grows faster than US and UK in Q1 2015
German GDP at slower pace, France faster in Q1 2015
Germany may cut income tax; Germans still shun risky investments
Germany had record exports and imports in March 2015