9 Mar 2015
German exports decline 0.6% in January
FXStreet (Mumbai) - As per the data released by the Federal Statistical Office (Destatis), German exports declined by 0.6% and imports fell by 2.3% in January 2015 year on year.
The export value stood at EUR 89.9 billion, while the import value stood at EUR 74.00 billion. The foreign trade balance showed a surplus of EUR 15.9 billion in January 2015. In January 2014, the surplus amounted to EUR 14.7 billion. On month-on-month basis, the exports fell by 2.1% and imports by 0.3% in January.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of EUR 16.8 billion in January 2015, compared to EUR 13.9 billion seen in January 2014.
The export value stood at EUR 89.9 billion, while the import value stood at EUR 74.00 billion. The foreign trade balance showed a surplus of EUR 15.9 billion in January 2015. In January 2014, the surplus amounted to EUR 14.7 billion. On month-on-month basis, the exports fell by 2.1% and imports by 0.3% in January.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of EUR 16.8 billion in January 2015, compared to EUR 13.9 billion seen in January 2014.