Germany's booming trade smashes records
AFP · 8 Sep 2015, 08:43
Published: 08 Sep 2015 08:43 GMT+02:00
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In regular monthly data, the federal statistics office Destatis calculated that Germany exported €103.4 billion worth of goods in seasonally adjusted terms in July, 2.4 percent more than in the previous month.
At the same time, imports grew by 2.2 percent to €80.6 billion. The level of both exports and imports was the highest ever attained in a single month, Destatis said in a statement.
That left a trade surplus -- which is the balance between exports and imports -- of €22.8 billion, up from €22.1 billion the previous month, the statisticians calculated.
In unadjusted terms, the trade surplus rose to a record €25.0 billion in July from €24.1 billion in June, with foreign demand for German-made goods rising strongly to all regions, Destatis said.
Exports to the EU increased by 6.0 percent year-on-year in July, exports to the eurozone were up 5.5 percent, and exports to countries outside the EU grew by 6.4 percent, Destatis calculated.