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- Germany's trade surplus rose in March
Germany's trade surplus rose in March
According to the provisional data from Federal Statistical Office (Destatis), Germany exported goods to the value of 118.3 billion euros and imported goods to the value of 95.6 billion euros in March 2019. German exports were up by 1.9% and imports by 4.5% in March 2019 year on year. After calendar and seasonal adjustment, exports increased by 1.5% and imports by 0.4% compared with February 2019.
The foreign trade balance showed a surplus of 22.7 billion euros in March 2019. In March 2018, the surplus amounted to 24.6 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 20.0 billion euros in March 2019.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 30.2 billion euros in March 2019, which takes into account the balances of trade in goods including supplementary trade items (+24.9 billion euros), services (-0.9 billion euros), primary income (+9.9 billion euros) and secondary income (-3.6 billion euros). In March 2018, the German current account showed a surplus of 29.4 billion euros.
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