In November German exports rise 5.6%

November

In November 2016, German exported goods rose to the value of about 108.5 billion euros as well as imported goods added to the value of 85.8 billion euros- the highest monthly figures ever, considering both exports and imports.

Built around provisional data, the Federal Statistical Office also states that in November German exports ascended by 5.6% and imports surged by 4.5% year on year. After calendar as well as seasonal adjustment, exports tacked on by 3.9%, imports edged up by 3.5% compared with October 2016.

In November, the foreign trade balance demonstrated a surplus of 22.6 billion euros. As for November 2015, during that period the surplus amounted to about 20.5 billion euros. In calendar as well as seasonally adjusted terms, the foreign trade balance boasted a surplus of approximately 21.7 billion euros in November 2016.

Exports of goods to countries outside the EU accounted for 45.2 billion euros in November last year, while imports from those countries reached 28.9 billion euros. 

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