(Destatis) Germany’s foreign trade balance in August was a surplus of 10.7 billion euros, a decline from 11.9 billion euros registered in the comparable month of 2020.
Exports averaged 104.4 billion euros in August, down 1.2% from the previous month but up 14.4% year over year.
Imports averaged 93.8 billion euros, up 3.5% from the previous month and up 18.1% year over year.
Balance of payments current account had a surplus of 11.8 billion euros in August, a decline compared to a surplus of 16.7 billion euros in the comparable month of 2020.
About 55.7 billion euros of German goods were exported to the European Union, up 15.7% year over year. The country imported goods worth 47.0 billion euros from the EU, up 11.2% year over year.
Export of goods to the non-EU countries in August totaled 48.8 billion euros, up 13.1% year over year. Imports averaged 46.8 billion euros, up 25.9% year over year.
Germany’s exports to the UK in August plunged by 15.1% from the prior year to 4.8 billion euros. Imports fell by 7.9% to 2.3 billion euros.
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