| 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


Finfacts changes from 2015

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

Global Cost of Living

Irish Tax - Income/Corporate

 

Feedback

 

Content Management by interactivetools.com.

News : EU Economy Last Updated: May 8, 2015 - 3:19 PM


Germany had record exports and imports in March 2015
By Michael Hennigan, Finfacts founder and editor
May 8, 2015 - 8:13 AM

Email this article
 Printer friendly page

Germany had record exports and imports in March 2015 according to Destatis, the federal statistics office, today.

Germany exported goods to the value of €107.5bn and imported goods to the value of €84.5bn in March 2015. These were the highest monthly export and import values ever recorded. Based on provisional data, the Destatis says that exports increased by 12.4% and imports by 7.1% in March 2015 year on year. After calendar and seasonal adjustment, exports rose by 1.2% and imports by 2.4% compared with February 2015.

The foreign trade balance showed a surplus of €23.0bn in March 2015. In March 2014, the surplus amounted to €16.7bn. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of €19.3bn in March 2015.

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of €27.9bn in March 2015, which takes into account the balances of trade in goods including supplementary trade items (+€24.4bn), services (–€1.7bn), primary income (+€8.6bn) and secondary income (–€3.4bn). In March 2014, the German current account showed a surplus of €22.0bn.

In March 2015, Germany dispatched goods to the value of €61.5bn to the member states of the European Union (EU), while it received goods to the value of €55.0bn from those countries. Compared with March 2014, exports to the EU countries increased by 10.8%, and imports from those countries by 5.1%. Goods to the value of €38.6bn (+9.1%) were dispatched to Eurozone countries in March 2015, while the value of the goods received from those countries was €37.8bn (+4.9%). In March 2015, goods to the value of €23.0bn (+13.7%) were shipped to EU countries not belonging to the Eurozone, while the value of the goods which arrived from those countries was €17.2bn (+5.4%).

Exports of goods to countries outside the European Union (third countries) amounted to €46.0bn in March 2015, while imports from those countries totalled €29.5bn. Compared with March 2014, exports to third countries increased by 14.6% and imports from those countries by 11.1%.

German exporters facing strong headwinds despite a lower euro - Part 1& 2

Analysis: Germany world's top surplus economy; UK tops deficit ranks

Germany at full-employment: Lessons for low-pay US manufacturing

The Eurozone imports are exaggerated by transhipments through the Dutch port of Rotterdam that are initially classified as of Dutch origin but are later reclassified as originating in ex-EU 28 countries.

Related Articles


© Copyright 2015 by Finfacts.ie

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