The trade surplus in Germany has reached its highest level in 2014 since the creation of this statistic, with exports also record, according to preliminary figures released Monday by the Federal Statistics Office, Destatis. The surplus amounted to 217 billion euros last year, an increase over the year of around 11%, improving its previous record dating from 2007 (195.3 billion euros).
In 2013, the trade balance of Germany was stood at 195 billion euros, said Destatis.
Exports up 3.7% in 2014
Exports from Europe’s largest economy are also historic: from a high in 2012 and a slight decrease in 2013, they were up 3.7% in 2014 to 1.134 billion euros, while imports increased 2% to 916.5 billion euros.
The current account balance, net of all transfers with foreign countries in 2014 shows a surplus of 215.3 billion of euros, an increase compared to 2013 (189.2 billion euros), according to provisional figures released by Destatis.
98.7 billion euros of exports during December
In December alone, German exports rose by 3.4% to 98.7 billion and imports were down 0.8% to 76.9 billion euros, according to data adjusted for seasonal and calendar variations.
That month, the surplus stood at 21.8 billion euros, according to a calculation of AFP. The November was revised up slightly Destatis, to 17.9 billion euros against 17.6 billion euros initially announced.
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