German exports in Jan'06 climb 11.7%

10 Mar '06

2 min read

Federal Statistical Office, Germany announces that the exported commodities to the value of EUR 68.6 billion and imported commodities to the value of EUR 56.1 billion in January 2006.

German exports of January 2006 thus were 13.3 percent and imports 18.7 percent above the respective January 2005 levels. Upon calendar and seasonal adjustment, exports increased 3.3 percent and imports 3.0 percent from December 2005.

The foreign trade balance showed a surplus of EUR 12.5 billion in January 2006. In January 2005, the foreign trade balance showed a surplus of EUR 13.3 billion. Upon calendar and seasonal adjustment, the foreign trade balance showed a surplus of EUR 12.0 billion in January 2006.

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of EUR 5.1 billion in January 2006, which included the balances of supplementary trade items (EUR –1.8 billion), services (EUR –3.2 billion), factor income (net) (EUR +0.1 billion) and current transfers (EUR –2.5 billion). In January 2005, the German current account showed a surplus of EUR 7.8 billion.

In January 2006, Germany dispatched commodities to the value of EUR 43.9 billion to the Member States of the European Union, while it received commodities to the value of EUR 34.6 billion from those countries. Compared with January 2005, dispatches to and arrivals from the EU countries increased by 14.2 percent and 13.8 percent, respectively.

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