Germany's Trade Balance in December Last Year Shows a Surplus of 16.1 Billion Euros

Vehicles for export from Germany waiting to be loaded at the Bremerhaven port in Germany
[Image source=Reuters Yonhap News]

[Asia Economy Reporter Eunbyeol Kim] In December last year, Germany recorded a trade surplus of 16.1 billion euros (seasonally adjusted). Despite the strengthened lockdown measures due to the COVID-19 pandemic, trade with the United States, China, and other countries remained robust.

According to the German Federal Statistical Office on the 9th (local time), Germany's trade surplus in December last year was 16.1 billion euros, and the annual trade surplus for the year was 179.1 billion euros.

Exports in December increased by 0.1% compared to the previous month, which was better than the market expectation of a 0.5% decrease. In November, exports had increased by 2.3% compared to the previous month. Imports decreased by 0.1% compared to the previous month.

According to preliminary figures compiled by the Bundesbank, the current account surplus in December was 28.2 billion euros. For the entire last year, the surplus was 236.2 billion euros.

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