Germany's exports grew to $119.2 bn in April, trade surplus stable

The current account surplus of Germany stood at 15.1 billion euros in April.

The Dollar Business Bureau 

Germany’s overall goods exports grew for the fourth straight month to a new high of 106.3 billion euros ($119.2 billion) in the month of April, resulting in a stable adjusted trade surplus.

The exports and imports picked up when compared to March, however, the country’s adjusted trade surplus remained unchanged in the month of April, indicating a recovery in Germany’s export trade since the beginning of the year.

“Total exports of goods increased for the fourth straight month to a record 106.3 billion euros ($119.2 billion) in April, said Germany’s Federal Statistical Office (Destatis) on Friday, mentioning that the data is being adjusted for seasonal fluctuations and calendar impacts.

Import of goods increased by 1.2% to 86.6 billion euros, which is also a record, said a statistician at Destatis.

As a result, the adjusted trade surplus remains unchanged at 19.8 billion euros. The trade surplus is the balance of exports and imports of a country.

The exports from Germany have picked up considerably since the beginning of this year, driven by stronger demand from countries like India and China.

The current account surplus of Germany, indicating positive net sales in overseas markets, stood at 15.1 billion euros in the month of April, in non-adjusted terms, Destatis said, while referring to the data which was largely collected by the country’s central bank. However, the result fell short of 28.1 billion euro surplus recorded in April last year.

The decline might be a result of a lesser number of working days in the month of April this year when compared to the same month last year, said a statistician in the Statistical office. 

The Dollar Business Bureau - Jun 10, 2017 12:00 IST
 
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