Forex News – German trade surplus increases the most since March

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German exports rose more than forecast in August, leading the trade surplus to widen to its strongest level since March, while imports remained unchanged, data from the Federal Statistics Office showed on Monday.

The seasonally-adjusted trade surplus widened to 13.8 billion euros from 10.6 billion euros in July, compared with a forecast for 10.3 billion.

Exports rose by 3.5 percent from a month earlier. They had been forecast to rise 1.5 percent, while imports had been seen rising 0.6 percent. On a year-on-year basis, German exports increased by 14.6 percent and imports by 12.6 percent in August 2011 on August 2010.

An analytical breakdown of the data show that in August 2011, Germany dispatched commodities to the value of Euro 48.7 billion to the Member States of the European Union , while it received commodities to the value of Euro 44.8 billion from those countries. Compared with August 2010, dispatches to the EU countries increased by 12.7 percent and arrivals from those countries by 12.4 percent.

Exports of commodities to countries outside the European Union (third countries) amounted to Euro 36.6 billion in August 2011, while imports from those countries totalled Euro 28.7 billion. Compared with August 2010, exports to third countries increased by 17.1 percent and imports from those countries by 12.8 percent.