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- Germany's trade surplus rose in February
Germany's trade surplus rose in February
According to the report from Federal Statistical Office (Destatis), Germany exported goods to the value of 108.8 billion euros and imported goods to the value of 90.9 billion euros in February 2019. Destatis also reports that German exports increased by 3.9% and imports by 5.1% in February 2019 year on year. After calendar and seasonal adjustment, exports were down 1.3% and imports 1.6% compared with January 2019. The foreign trade balance showed a surplus of 17.9 billion euros in February 2019. In February 2018, the surplus amounted to 18.3 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 18.7 billion euros in February 2019.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 16.3 billion euros in February 2019, which takes into account the balances of trade in goods including supplementary trade items (+19.1 billion euros), services (-1.1 billion euros), primary income (+6.2 billion euros) and secondary income (-7.9 billion euros). In February 2018, the German current account showed a surplus of 19.5 billion euros.
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