In November 2022, German exports were down by 0.3% and imports by 3.3% on a calendar and seasonally adjusted basis compared with October 2022.
Article continues below
Based on provisional data, the Federal Statistical Office (Destatis) also reports that exports increased by 13.3% and imports by 14.7% from November 2021.
After calendar and seasonal adjustment, Germany exported goods to the total value of 135.1 billion euros and imported goods to the value of 124.4 billion euros in November 2022.
The foreign trade balance thus showed a surplus of 10.8 billion euros in November 2022.
The calendar and seasonally adjusted surplus had been 6.8 billion euros in October 2022 and 10.8 billion euros in November 2021.
On a calendar and seasonally adjusted basis, Germany exported goods to the value of 73.0 billion euros to the Member States of the European Union, while it imported goods to the value of 61.0 billion euros from those countries in November 2022.
Compared with October 2022, calendar and seasonally adjusted exports to the EU countries dropped by 0.4% and imports from those countries by 5.8%.
The value of the goods exported to euro area countries totalled 50.8 billion euros (-0.7%) and the value of the goods imported from there was 41.4 billion euros (-6.5%).
Goods to the value of 22.2 billion euros (+0.4%) were exported to EU countries not belonging to the euro area, while the value of the goods imported from those countries was 19.5 billion euros (-4.5%).
Exports of goods to countries outside the EU (third countries) amounted to 62.1 billion euros in November 2022, while imports from those countries totalled 63.4 billion euros on a calendar and seasonally adjusted basis.
Compared with October 2022, exports to third countries declined by 0.1% and imports from those countries by 0.8%.
Most German exports went to the United States in November 2022. 1.5% less goods were exported there after seasonal and calendar adjustment, compared with October 2022. Exports to the United States thus dropped to 13.7 billion euros.
Exports to the People's Republic of China amounted to 8.8 billion euros (-1.5% on the previous month) and exports to the United Kingdom rose by 16.1% to 7.4 billion euros.
Most imports came from the People's Republic of China in November 2022. Goods to the value of 15.7 billion euros were imported from there, which was a 7.8% decrease compared with the previous month, after calendar and seasonal adjustment.
Imports from the United States were down 1.4% to 8.3 billion euros. Imports from the United Kingdom increased by 7.0% to 3.1 billion euros in the same period.
Exports to the Russian Federation in November 2022 were up a calendar and seasonally adjusted 12.3% to 1.1 billion euros on October 2022, whereas they were down 52.9% on November 2021. Imports from Russia fell by 12.2% to 1.6 billion euros in November 2022 from October 2022.
Germany exported goods to the value of 142.8 billion euros and imported goods to the value of 131.7 billion euros on a nominal basis (not adjusted for calendar or seasonal effects) in November 2022.
Compared with November 2021, exports increased by 13.3% and imports by 14.8%.
The unadjusted foreign trade balance showed a surplus of 11.1 billion euros in November 2022. In November 2021, the surplus had been 11.3 billion euros. ■