German exports in November 2016: +5.6% on November 2015

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WIESBADEN- Germany exported goods to the value of 108.5 billion euros and imported goods to the value of 85.8 billion euros in November 2016. These are the highest monthly figures ever calculated both for exports and for imports. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 5.6% and imports by 4.5% in November 2016 year on year. After calendar and seasonal adjustment, exports increased by 3.9% and imports by 3.5% compared with October 2016.

The foreign trade balance showed a surplus of 22.6 billion euros in November 2016. In November 2015, the surplus amounted to 20.5 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 21.7 billion euros in November 2016.

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 24.6 billion euros in November 2016, which takes into account the balances of trade in goods including supplementary trade items (+24.3 billion euros), services (-1.8 billion euros), primary income (+6.1 billion euros) and secondary income (-4.0 billion euros). In November 2015, the German current account showed a surplus of 24.9 billion euros.

In November 2016, Germany exported goods to the value of 63.2 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 56.9 billion euros from those countries. Compared with November 2015, exports to the countries increased by 4.3%, and imports from those countries by 4.8%. Goods to the value of 39.7 billion euros (+5.2%) were dispatched to the Euro area countries in November 2016, while the value of the goods received from those countries was 38.0 billion euros (+3.0%). In November 2016, goods to the value of 23.6 billion euros (+2.8%) were exported to countries not belonging to the Euro area, while the value of the goods imported from those countries was 19.0 billion euros (+8.5%).

Exports of goods to countries outside the European Union (third countries) amounted to 45.2 billion euros in November 2016, while imports from those countries totalled 28.9 billion euros. Compared with November 2015, exports to third countries increased by 7.6% and imports from those countries by 3.9%.

Item	November	January to November	October	November	January to November
	2016			2015
According to calculations of the Deutsche Bundesbank.
Foreign trade
1 Exports	108.5	1,110.2	101.6	102.7	1,101.9
2 Imports	85.8	875.9	82.2	82.2	876.0
3 Foreign trade balance (1-2)	22.6	234.3	19.4	20.5	225.9
Transition to trade in goods
4 Supplementary trade items	1.7	20.3	1.7	1.7	15.7
Current account balances
5 Trade in goods (3+4)	24.3	254.6	21.1	22.2	241.6
6 Services	-1.8	-29.1	-3.7	-1.7	-32.1
7 Primary income	6.1	52.6	5.7	6.9	52.5
8 Secondary income	-4.0	-36.4	-3.8	-2.5	-35.1
Current account (5+6+7+8)	24.6	241.8	19.4	24.9	227.0

Item	November 2016	January to November 2016	Percentage change from
			November 2015	January to November 2015
	billion euro		%
Results in accordance with the EU concept (by country of consignment)
Total exports	108.5	1,110.2	5.6	0.8
including:
Member States	63.2	653.8	4.3	1.9
Euro-zone	39.7	407.4	5.2	1.4
Non-euro-zone	23.6	246.4	2.8	2.8
Third countries	45.2	456.5	7.6	-0.9
Total imports	85.8	875.9	4.5	0.0
including:
Member States	56.9	580.9	4.8	1.3
Euro-zone	38.0	393.8	3.0	0.2
Non-euro-zone	19.0	187.1	8.5	3.7
Third countries	28.9	295.0	3.9	-2.4

Year	Month	Exports				Imports
		original value		calendar and seasonally adjusted value		original value		calendar and seasonally adjusted value
		value in billion euros	change on the same month of the previous year in %	value in billion euros	change on previous month in %	value in billion euros	change on the same month of the previous year in %	value in billion euros	change on previous month in %
Using Census X-12-ARIMA
2015	January	89.7	0.0	96.8	-1.1	74.0	-1.3	76.7	-0.2
	February	95.4	4.5	98.0	1.3	76.2	1.2	77.5	1.1
	March	107.6	13.5	98.6	0.6	84.6	8.0	79.6	2.7
	April	100.1	7.8	100.0	1.4	78.8	4.4	79.4	-0.3
	May	95.4	4.8	101.5	1.5	76.3	3.6	79.7	0.4
	June	105.3	13.6	100.0	-1.4	81.7	6.7	79.0	-1.0
	July	106.7	6.8	102.5	2.4	82.3	7.0	80.5	1.9
	August	87.7	5.6	96.9	-5.4	72.7	4.5	78.3	-2.7
	September	105.4	3.9	99.6	2.8	83.2	4.2	80.5	2.9
	October	105.8	2.9	98.7	-1.0	84.1	3.3	78.6	-2.3
	November	102.7	8.2	99.7	1.1	82.2	6.0	79.7	1.4
	December	91.6	2.9	97.9	-1.8	73.3	3.7	78.4	-1.7
2016	January	88.5	-1.4	98.1	0.2	75.3	1.7	79.5	1.4
	February	99.3	4.1	99.2	1.1	79.5	4.3	79.3	-0.3
	March	106.7	-0.9	100.6	1.5	80.9	-4.3	77.6	-2.0
	April	104.0	3.9	100.6	-0.0	78.7	-0.2	77.7	0.1
	May	97.0	1.6	99.3	-1.3	76.2	-0.1	77.7	0.0
	June	106.5	1.2	99.2	-0.1	82.0	0.4	78.2	0.6
	July	96.0	-10.0	97.7	-1.6	76.9	-6.5	78.1	-0.0
	August	96.2	9.7	101.0	3.4	76.6	5.3	79.7	1.9
	September	106.0	0.6	100.1	-0.9	81.8	-1.6	79.0	-0.8
	October	101.6	-4.0	100.6	0.5	82.2	-2.3	80.0	1.2
	November	108.5	5.6	104.5	3.9	85.8	4.5	82.8	3.5

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