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.
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