Germany's trade surplus returned to growth in November despite a fall in exports, official figures showed on Tuesday. The trade surplus in Germany, Europe's biggest economy, rose to 17.0 billion euros ($22.3 billion) for the month compared to 15.7 billion euros in October, the national statistics office Destatis said. In seasonally adjusted terms, the figure was 14.6 billion euros which was below forecasts of 15.1 billion euros by analysts polled by Dow Jones Newswires. Germany exported goods worth 94.1 billion euros in November, falling from 98.4 billion a month earlier. But Destatis noted that exports remained at the same level as a year earlier driven by exports to countries outside the European Union, which rose by 5.6 percent while exports to other areas, notably the euro area, fell sharply. Exports to the crisis-hit eurozone dropped by 5.7 percent in November compared to the same month a year earlier. Imports, on the other hand, dropped in November to 77.1 billion euros from 82.7 billion euros a month earlier, the office said. From January to November 2012, Germany exported goods worth just over 1.0 trillion euros while imports came to 842.2 billion euros.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor