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MIL OSI Translation. Region: Germany / Deutschland –

Source: Destatis Federal Statistical Office

However, exports are still 9.9% below the pre-crisis level in February 2020

Press release No. 392 from October 8, 2020

Exports, August 2020 91.2 billion euros + 2.4% on the previous month (calendar and seasonally adjusted) -10.2% on the same month of the previous year

Imports, August 2020 78.5 billion euros + 5.8% on the previous month (calendar and seasonally adjusted) -7.9% on the same month of the previous year

Foreign trade balance, August 202012.8 billion euros 15.7 billion euros (calendar and seasonally adjusted)

Current account according to calculations by the Deutsche Bundesbank, August 202016.5 billion euros

WIESBADEN – In August 2020, exports to Germany increased by 2.4% and imports by 5.8% compared to July 2020, calendar and seasonally adjusted. As the Federal Statistical Office (Destatis) further reports on the basis of preliminary results, calendar and seasonally adjusted exports were 9.9% lower and imports 6.4% lower than February 2020 – the month before the start of the corona-related restrictions.

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In August 2020, Germany exported goods worth 91.2 billion euros and imported goods worth 78.5 billion euros. Compared to August 2019, exports fell by 10.2% and imports by 7.9% in August 2020.

The foreign trade balance closed in August 2020 with a surplus of 12.8 billion euros. In August 2019, the balance in the foreign trade balance was 16.4 billion euros. Adjusted for calendar and seasonality, the foreign trade surplus in August 2020 was 15.7 billion euros.

The German current account closed taking into account the balances for trade in goods (+14.4 billion euros), services (-2.9 billion euros), Primary income (+8.2 billion euros) and Secondary income (-3.2 billion euros) in August 2020 with a surplus of 16.5 billion euros. In August 2019, the German current account showed a surplus of 15.9 billion euros.

Foreign trade with EU countries

Goods to the value of 48.2 billion euros were exported to the member states of the European Union (EU) in August 2020 and goods to the value of 41.6 billion euros were imported from there. Compared to August 2019, exports to the EU countries fell by 7.0% and imports from these countries by 5.4%. In August 2020, goods to the value of 32.4 billion euros (-8.3%) were exported to the countries of the euro zone and goods to the value of 28.0 billion euros (-6.5%) were imported from these countries. In August 2020, goods to the value of 15.8 billion euros (-4.1%) and goods to the value of 13.6 billion euros (-3.0%) were exported to the EU countries that do not belong to the euro zone. imported from there.

Foreign trade with non-EU countries

In August 2020, goods worth 43.0 billion euros were exported to countries outside the European Union (third countries) and goods worth 36.9 billion euros were imported from these countries. Compared to August 2019, exports to third countries decreased by 13.6% and imports from there by 10.5%.

Effects of the corona pandemic on foreign trade with selected countries

Depending on the trading partner, exports were affected differently compared to the previous year: While exports to the People’s Republic of China in August 2020 only fell by 1.1% to 7.3 billion euros compared to August 2019, exports increased in those particularly affected by the corona pandemic United States by 21.1% to 7.7 billion euros. Exports to the United Kingdom recorded a decline of 7.3% in August 2020 to 5.6 billion euros compared to the same month of the previous year.

Most of the imports came to Germany from the People’s Republic of China in August 2020. Goods to the value of 9.4 billion euros were imported from there, almost the level of August 2019 (-0.0%). Imports from the United States fell 5.2% in August 2020 to a value of 5.4 billion euros. German imports from the United Kingdom fell by 22.2% to 2.4 billion euros.

Methodological notes:

The different comparison periods must be taken into account in all reports on economic indicators. The focus of the economic observation is the comparison with the previous month / quarter. The short-term economic development can be read from this. The comparison with the previous year serves as a long-term level comparison and is independent of seasonal fluctuations. In the current Corona crisis, the strong declines in particular in March / April 2020 and the recovery that has been slowly returning since then can lead to very different results compared to the previous month / quarter and the previous year. Both perspectives are important: How is the economic development compared to the previous month / previous quarter, and how far is the catching up process compared to the previous year’s level? In order to enable a direct comparison to the pre-crisis level, a comparison to February 2020 and the 4th quarter of 2019 will be shown in all press releases on economic indicators that are available seasonally adjusted until further notice.

Cross-border transactions Billions of euros
Subject of the verification
August
January to August
July
August
January to August
2020
2019
1 According to calculations by the Deutsche Bundesbank.
Foreign trade
1 total exports
91.2
770.3
102.3
101.6
882.8
2 imports in total
78.5
661.2
83.1
85.2
735.4
3 Foreign trade balance (1-2)
12.8
109.1
19.2
16.4
147.4
Transfer to trade in goods 1
4 additions to foreign trade
1.7
7.5
0.9
0.5
0.7
Current account balances 1
5 trade in goods (3 + 4)
14.4
116.7
20.1
16.9
148.1
6 services
-2.9
-3.2
-2.6
-5.5
-16.0
7 primary income
8.2
55.7
7.2
8.7
52.7
8 secondary income
-3.2
-29.9
-3.6
-4.2
-31.7
Power balance (5 + 6 + 7 + 8)
16.5
139.2
21.0
15.9
153.0
Country groups
Subject of evidence
August 2020
January to August 2020
Change versus
August 2019
January to August 2019
billion euro
%
Total exports
91.2
770.3
-10.2
-12.7
including:
EU countries
48.2
404.5
-7.0
-12.9
Eurozone
32.4
281.7
-8.3
-14.3
Not euro zone
15.8
122.8
-4.1
-9.6
Third countries
43.0
365.7
-13.6
-12.6
including:
United Kingdom
5.6
42.4
-7.3
-20.2
Total imports
78.5
661.2
-7.9
-10.1
including:
EU countries
41.6
349.4
-5.4
-12.0
Eurozone
28.0
240.3
-6.5
-12.8
Not Eurozone
13.6
109.2
-3.0
-10.3
Third countries
36.9
311.7
-10.5
-7.8
including:
United Kingdom
2.4
22.9
-22.2
-7.5
Foreign trade (special trade) Export and import Original values ​​/ calendar and seasonally adjusted values 1
year
month
export
import
Original value
Calendar and seasonally adjusted value 1
Original value
Calendar and seasonally adjusted value 1
Value in billions of euros
Change compared to the previous month in%
Value in billions of euros
Change over the previous month in%
Value in billions of euros
Change compared to the previous month in%
Value in billions of euros
Change over the previous month in%
1 After J-DEMETRA + (X-13 ARIMA).
2019
January
108.8
1.6
112.1
0.3
94.3
5.3
93.3
0.9
February
108.9
4.0
110.8
-1.2
91.1
5.8
92.9
-0.4
March
118.2
1.8
112.3
1.4
95.9
5.3
93.0
0.0
April
110.0
-0.3
109.5
-2.5
92.2
2.5
92.2
-0.8
May
114.2
4.7
110.5
0.9
93.6
5.1
91.9
-0.3
June
106.1
-8.0
110.6
0.1
89.5
-4.1
92.4
0.6
July
115.0
3.6
110.9
0.3
93.7
-1.0
91.2
-1.3
August
101.6
-3.6
110.0
-0.8
85.2
-2.9
91.3
0.2
September
114.1
4.6
111.6
1.5
93.0
2.2
92.4
1.2
October
119.7
2.1
112.8
1.0
98.5
-0.1
92.6
0.3
November
113.1
-2.7
110.9
-1.7
94.8
-1.4
92.4
-0.3
December
98.1
2.4
111.0
0.2
82.9
1.4
91.9
-0.5
2020
January
106.6
-2.0
111.1
0.1
92.9
-1.5
92.5
0.6
February
109.2
0.3
112.5
1.2
88.9
-2.5
91.4
-1.2
March
108.9
-7.9
99.2
-11.8
91.7
-4.4
86.6
-5.3
April
75.7
-31.1
75.5
-23.9
72.3
-21.6
72.4
-16.4
May
80.2
-29.8
82.3
9.0
73.3
-21.7
74.8
3.4
June
96.1
-9.4
94.5
14.9
80.6
-10.0
80.0
6.9
July
102.3
-11.0
98.9
4.7
83.1
-11.3
80.9
1.1
August
91.2
-10.2
101.3
2.4
78.5
-7.9
85.6
5.8

First preliminary Detailed results by country of origin / destination and by chapters of the list of goods for foreign trade statistics are available for download.

German EU Council Presidency in the field of statistics Since July 1, the Federal Statistical Office has been in charge of the EU Council Presidency under the chairmanship of President Dr. Georg Thiel the Council Working Group on Statistics. We provide information about our activities during the EU Council Presidency on the special page www.destatis.de/eu2020.

You can find European statistics in our data “Europe in numbers“. Since the foreign trade results published by Eurostat for trade within the European Union (intra-trade) are published according to the country of dispatch principle, but the national results according to the country of origin concept, we also provide a Comparison table Country of origin / country of dispatch concept available.

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MIL OSI

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

MIL Translation OSI