Germany had the largest current account surplus in the world, which means that the country exported more than it imported. Data also showed that Canada posted its widest trade surplus so far in 2021. Table reflects only those months for which there was trade. The U.S. imported $126 billion in auto parts and vehicles, medicine, and machinery. EUR 1 bn trade surplus for Poland in first 10 months of ... In September 2020, the current account showed a surplus of 25.0 billion euros. German Balance of Trade Surplus Narrows as Imports Grow ... Germany is expected to set a €264 billion ($299 billion) trade surplus this year, far more than its closest export rivals Japan and the Netherlands, according to research published Monday by. Exports and imports dropped throughout 2020 because of . Euro area international trade in goods surplus €3.6 bn The U.S. monthly trade deficit decreased 17.6% to $67.1 billion in October 2021. A sharp increase in commodity prices has buoyed the country's exports, amounting to a massive $22.8 billion for the month. In 2014, Germany's trade surplus was about $250 billion (in dollar terms . So exports rose by 4.0 percent compared to the previous month and imports even increased 5.6 percent. The . 12:22 CET. 2021 : U.S. trade in goods with Germany. read. China's trade surplus with US surges to record $42bn in September. Such that year-to-date export growth reached 33.9% (USD 181.7 bn) outpacing the 22.5% growth in imports (USD 215.5 bn) recorded during January-October 2021. C$ posts 11-day high as virus worries ebb, trade surplus ... But this implies that German . Data also showed that Canada posted its widest trade surplus so far in 2021. Germany's Vast Foreign Surpluses Are Finally Falling ... 140/2021 - 16 December 2021 October 2021 Euro area international trade in goods surplus €3.6 bn €4.2 bn deficit for EU Euro area The first estimate for euro area exports of goods to the rest of the world in October 2021 was €214.0 billion, an increase of 7.3% compared with October 2020 (€199.4 bn). Azerbaijan's foreign trade surplus hits $9.3bn in Jan-NovThe 20 countries with the highest trade surplus in 2020 ... Hence the ytd foreign trade deficit at USD 33.9 bn contracted by 15.9% in a year's time. In September 2021, Germany exported goods to the value of 64.6 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 53.5 billion euros from those countries. Economists had forecast a narrowing to €15.9bn. New data from Germany's Federal Statistical Office, published today, show that the country's trade surplus fell to €12 billion in November 2021, down from €16.8 billion in November 2020. Trade surplus remains stable despite COVID-19 Swiss foreign trade was dynamic in November 2021. No surprise then that Trump constantly attacked Germany for its trade surplus. Imports increased in October by .9% to $290.7 billion. Michael Pettis Calls Surplus Trade Statements by German ... NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Read more. Germany trade balance for 2019 was $223.82B, a 8.17% decline from 2018. USDCAD was down 0.69% at around 1.2666. Trade surplus mainly with EU countries. For the total year, however, the surplus fell for a fourth year in a row, amounting to €179 billion. In September 2020, the current account showed a surplus of 25.0 billion euros. Release Date Time Actual Forecast Previous; Jan 07, 2022 (Nov) 02:00 : 12.8B: 12.5B: Dec 09, 2021 (Oct) 02:00: 12.5B: . Wholesale prices in Germany - an indicator of what is further up in the pricing pipeline for consumers and businesses - spiked by 16.6% in November, from a year ago, the worst increase in the data going back to 1962, and up from 15.2% in October, and from 13.2% in September, the German statistical office Destatis . This marks an increase from the $2.6 billion posted in November, 2020. Canada's trade surplus widened in October on the back of auto and energy exports, and was in line with economist expectations. Imports jumped 17.3% to a record high of EUR 108.5 billion, prompted by. Pettis labeled Wolfgang Schaeuble's comments "utter lunacy". The trade surplus in Germany fell sharply to EUR 12.8 billion in October of 2021 from EUR 19.7 billion a year earlier. Italy's trade surplus narrowed to EUR 3.888 billion in October of 2021 from EUR 7.587 billion in the corresponding month of the previous year. Balanced Savings and Investments . Azerbaijan's foreign trade surplus amounted to $9.3 billion in January-November 2021, the State Customs Committee has reported. The United States has a trade deficit of $67.6 billion with Japan. RIYADH: Qatar's merchandise trade surplus surged by a monthly rate of 15.8 percent in November, hitting 24.5 billion rials ($6.7 billion), data from the country's Planning and Statistics Authority showed. 9 March 2021. December 7, 2021 German Trade Surplus Widens. Import growth slowed to 3.3% month-on-month in November, from October's 5.2% expansion. Germany's trade surplus is "neither good nor evil," a government spokesman insisted Friday, referring to local reports that President Trump blasted Berlin for its trade imbalance with the US. , Aug 25, 2021. 2019. Germany's current account surplus narrowed to EUR 15.4 billion in October of 2021 from EUR 24.4 billion in the same month last year. U.S. exports increased to $223.6 billion in October, an 8.1% increase from September. Imports of services plunged by 21.8% to $460 billion; and exports of services - which include spending by foreign tourists and students in the US - plunged by 20.4% to $697 billion. Germany trade balance for 2018 was $243.72B, a 5.41% decline from 2017. By: Lionel Guetta-Jeanrenaud and Guntram B. Wolff Date: October 21, 2021 Topic: European governance. The country's balance of payments stood at an 11.8-billion euro surplus during the month, lower than the 16.7 billion euros the same period . New data from Germany's Federal Statistical Office, published today, show that the country's trade surplus fell to €12 billion in November 2021, down from €16.8 billion in November 2020. Foreign trade turnover in January-October 2021 in #exports at current #prices amounted to PLN 1,059.1 bn (increase by 22.5% YoY), while in #imports PLN 1,054.5 bn (increase by 27.5% YoY). Trade with EU countries. German Trade Surplus Widened in July as Imports Fell Provided by Dow Jones Sep 8, 2021 11:33 PM PDT By Xavier Fontdegloria Germany's trade surplus widened in July as exports continued to grow while. In fact, Germany's bilateral trade surplus with the US has barely changed, despite substantial swings in the euro-dollar exchange rate - which was as high as €1:$1.60 in 2011, and as low as . 3. The goods surplus shrank to EUR 13.5 billion from EUR 20.7 . Germany's large trade surplus was causing international ructions, with the US branding the Germans currency manipulators. Besides "congrats," this was the message Monday to French President-elect Emmanuel Macron from Martin Schulz, Germany's Social Democratic candidate for chancellor."In light of the presidential campaign in France and the debates led during the campaign, let me stress this: I regard the criticism of . According to preliminary results, goods worth 212.1 billion euros ($258 . Canada's trade surplus widened in October on the back of auto and energy exports, and was in line with economist expectations. September 23, 2021 10.00am EDT. Germany's current-account surplus (the current-account balance incorporates both the trade balance and other foreign flows including international investment) is expected to decline to 5.5% of gross domestic product next year, the lowest since 2005 and down from a peak of 8.6% in 2015, according to Germany's Ifo economic think tank. Germany: Industrial output posts best result in a year in October. The ECB is still recklessly delusional. Germany has no plans to reduce its export surplus, Finance Minister Wolfgang Schaeuble said on Friday, as the European Central Bank (ECB) has not changed its monetary policy which has led to a weaker euro which in turn boosts German exports. , Aug 10, 2021 The statistic shows Germany's trade balance from 2010 to 2020. Schaeuble Recap. In October, Germany's trade surplus narrowed from a revised €12.9bn to €12.5bn. Germany trade balance for 2017 was $257.66B, a 0.66% increase from 2016. Exports totaled 6,164 million dollars, with a year-on-year increase of 37%, while imports reached 5,767 million dollars, and an improvement of 40.1% compared to the same . The trade surplus fell to a seasonally adjusted EUR 10.9 billion from EUR 12.4 billion a month ago. His reply was interesting but not at all unexpected. Merchandise exports grew 1.7% month-on-month on a calendar- and seasonally-adjusted basis, easing from the 4.2% increase recorded in October. This statistic shows the 20 countries with the highest trade surplus worldwide in 2020. Economists had forecast a widening to €13.6bn. Month. A positive trade balance signifies a. ISLAMABAD: Pakistan's goods and services trade with Germany witnessed surplus of 2.68 per cent during fiscal year 2020-21 (FY21) as compared to the corresponding period of the previous fiscal year (FY20). Tue., Dec. 7, 2021 timer 2 min. Germany's balance of trade surplus narrowed in August, as the growth of imports outpaced that of exports. December 9, 2021. Germany's current account surplus remained the world's largest last year despite trade tensions, the Ifo economic institute said on Monday, in an estimate likely to renew criticism of Chancellor . This is a year-on-year decline of 6.8 billion euros (10 percent). Germany earns 7% of its GDP from that Surplus — only the tiny nations of Ireland and Hungary produce more of their GDP directly from Trade. Trade with Germany was the most profitable. Imports jumped 19.4 percent to EUR 42.141 billion, amid higher purchases of chemicals & chemical products (31.1 percent); coke and refined petroleum products (46.5 percent) and base metals and metal products (28.4 percent). As imports outpaced exports, the calendar- and seasonally-adjusted trade surplus narrowed to EUR 10.9 billion in November from EUR 12.4 billion in Jul 08, 2021. February 10, 2021, 10:59 AM. Germany: Merchandise exports rise in October. Germany has posted a trade surplus of $205.9 billion in the year 2020. Exports - which includes both domestic goods and re-exports - went up by 13.9 percent . Vietnam Balance of Trade, Surplus, and Deficit. On a yearly basis, exports logged a double-digit growth of 12.1 percent after rising 8.2 percent. Indonesia reports trade surplus in November. In 2020 and 2021 Germany weathered the COVID-19 pandemic's devastating economic effects better than any of its EU neighbors thanks in large part to its fiscal space, a large current account surplus (USD 278 billion [EUR 232 billion] in 2020), generous economic stimulus packages, and flexible short-term work schemes that kept unemployment at . In the recent years, Vietnam's economy has been exponentially growth over years. Get in touch with us now. BERLIN — Stop criticizing Germany's trade surplus — let's focus on investment instead. Imports jumped 17.3% to a record high of EUR 108.5 billion, prompted by purchases from China (28.6%), the EU (14.6%), namely the Euro Area (18.8%) and the US (4%). The German current account of the balance of payments showed a surplus of 21.3 billion euros in April 2021, which takes into account the balances of trade in goods (+16.7 billion euros), services (+2.1 billion euros), primary income (+6.5 billion euros) and secondary income (-3.9 billion euros). Germany is a founding member of the European Union and the Eurozone. Germany's trade surplus shrank for four consecutive months towards the end of 2021, as imports to Europe's largest economy hit another record high. Imports rose by 5.0% month-on-month and by 17.3% year-on-year. Germany's exports ticked up in January on robust trade with China, but trade with another key trade partner, Great Britain, plummeted after the Britain left the EU. During the first 11 months of the year, the country's trade turnover amounted to $30.2 billion. The US services trade surplus in 2020 plunged by 17.5% to $237 billion, the lowest services surplus since 2012. Germany's trade surplus--the balance of exports and imports of goods--stood at 13.0 billion euros ($15.0 billion) in calendar and seasonally adjusted terms in August, data from the country's . Compared with September 2020 . Merchandise exports rose 4.1% month-on-month on a calendar- and seasonally-adjusted basis, swinging from the 0.7% drop recorded in September. Germany, Japan, China, Hong Kong, Taiwan and South Korea are evil axis! Indonesia has reported a trade surplus of $3.51 billion in November, a record high for the respective months. In September 2021, Germany exported goods to the value of 64.6 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 53.5 billion euros from those countries. China consistently becomes Russia's largest trading partner in the recent years. Exports reduce the deficit while imports have the opposite effect. Angela Merkel's Brexit panic over £80bn trade surplus forced 'EU to cave' on trade deal THE European Union has been furiously attacked for its Brexit talks with the UK, with Angela Merkel accused . Vehicles and industrial supplies are among the primary imports that the U.S. acquires from Japan. Germany runs the second largest Trade Surplus in the world, at $250 Billion in Surplus on $1.3 Trillion of Exports. Download Historical Data. Exports rose by 0.1% on the previous . It has the largest national economy in Europe, the fourth-largest by nominal GDP in the world, and fifth by GDP (PPP).In 2017, the country accounted for 28% of the euro area economy according to the International Monetary Fund (IMF). The distinction of having the largest trade surplus, both in absolute terms and relative to GDP, is shifting to Germany. Muhammad Ali Nasir, . Canada posted a trade surplus of C$2.1 billion in October, with imports and exports both hitting record levels on higher trade in motor vehicles, Statistics Canada said. Qatar's trade surplus rises 170.6% to QR24.5 bn in Nov. Qatar's foreign merchandise trade balance that represents the difference between total exports and imports showed a surplus of almost QR24.5 billion in November 2021, an increase of about QR15.5 billion or 170.6 percent compared to November 2020 and an increase of nearly QR3.3 billion . In December, Germany's trade surplus widened from €16.0bn to €16.1bn. Germany's foreign trade surplus narrowed in February as exports and imports both fell, the country's Federal Statistical Office said, in the latest data release suggesting that the country's pace of growth was easing.. After calendar and seasonal adjustments, the surplus decreased to €19.2 billion in February from a revised €21.5 billion in January. The announced figure implies USD 3.0 bn CA surplus for October. In 2019, Germany ran a current account surplus of $290 billion, the largest in the world. When compared month-on-month (M-o-M), the surplus increased by nearly QR3.3bn or 15.8 percent compared to October 2021, according to preliminary figures released by the Planning and Statistics. by Mish |. Russia Trade of Balance, Surplus, and Deficit. Germany had a total export of 1,493,266,563.85 in thousands of US$ and total imports of 1,239,897,203.13 in thousands of US$ leading to a positive trade balance of 253,369,360.72 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Germany is 1.83% and the Most Favored Nation (MFN) Weighted Average tariff is 3.16%.The trade growth is -2.52% compared to a world . Germany's trade-surplus was 20.5 billion Euros in March 2021. This marks a fall of 17.9 percent from $250.7 billion posted the previous year, i.e. Analysts estimated a trade surplus of 1,028 million dollars for the Argentine Commercial Exchange (ICA) in November, according to the median of a survey carried out by Reuters. In 2020, China was the country with the highest trade surplus with . Exports increased by 28.1% to $305.7 . Australia's international trade surplus struck another record in the September quarter, one of few positives at a time when half the population was in lockdown which likely resulted in the . The trade surplus in Germany fell sharply to EUR 12.8 billion in October of 2021 from EUR 19.7 billion a year earlier. Germany 40.73% and Italy 16.52% . A more than doubled export of petroleum gases helped Qatar register almost three-fold year-on-year jump in trade surplus to QR19.2bn in August 2021, according . The European Union's statistics office Eurostat said the external trade surplus of the 19 countries sharing the euro was 4.8 billion euros in August compared to 14.0 billion euros a year earlier. EWG is up 0.37% premarket. The USA has to grapple with a massive current account deficit for decades now and renowned economists such as David Autor have shown that import competition was a decisive factor in the 2016 election of Donald Trump. The overall exports to Germany were recorded at $1511.227 million during the July-June period against exports of $1302.991 million during FY20, showing growth of 15.98 per cent, according . Ranking of Germany's trading partners in Foreign Trade Imports Turnover (Exports + Imports) Foreign Trade Balance (Exports - Imports) Rank Exports 050 Indonesia 2 101 118 Pakistan 1 857 548 Egypt 5 072 498 Morocco + 531 291 051 Philippines 1 924 390 Tunisia 1 718 267 Serbia 5 058 067 Iraq + 506 610 Germany, Japan, China, Hong Kong, Taiwan and South Korea must loosen Germany's, Japan's, China's, Hong Kong's, Taiwan's and South Korea's monetary-policies now! Similarly, imports advanced 19.3 percent following a 17.4 percent rise in October. Compared with September 2020 . Germany trade balance for 2020 was $221.53B, a 1.02% decline from 2019. Germany Trade Balance . A trade deficit of $68.2 billion with Germany is the third largest trade deficit of the U.S. Germany has no plans to reduce its export surplus, Finance Minister Wolfgang Schaeuble said on Friday, as the European Central Bank (ECB) has not changed its monetary policy which has led to a weaker euro which in turn boosts German exports. October 8, 2021 by Forex Winner Leave a Comment. For a large, developed nation, this is quite odd… By Wolf Richter for WOLF STREET. While two members of Commonwealth of Independence States (CIS) that believed as Russia's sphere of influence, Belarus and Kazakhstan are also on the list of top ten Russia's largest trading partner. Details may not equal totals due to rounding. Trade with EU countries. Live. Source: Destatis. Once again, the chemical-pharmaceutical products shaped the development in both directions of trade. China remains the biggest trade partner of Germany for the fifth consecutive year, surpassing the Netherlands and the US. It's worth mentioning here that Germany's international trade of cars and other automotive parts shows highly positive net exports. OTTAWA - Canada's merchandise trade surplus increased to $2.1 billion in October as exports of motor vehicles and parts and energy products rose higher . Trade balance is the value of exported goods minus the value of imported goods. German trade data was in focus going into the European open. The seasonally adjusted surplus fell to €13.1bn (£11.2bn, $15.2bn) in September from an upwardly revised €14bn in August and a little below the consensus . Germany's trade surplus dipped in September as exports fell, likely reflecting the growing supply-chain constraints increasingly reported in purchasing manager surveys in recent months. According to Destatis, Month-on-month, exports increased by 4.1% and by 8.1% year-on-year. Clean energy sources—wind farms and solar arrays as well as hydroelectric and biogas . Import growth slowed to 3.3% month-on-month in November, from October's 5.2% expansion. Yet neither the . The close partnership with South Korea and Japan may impact on high number of trades between Vietnam and the two closest nations. Imports jumped 17.3% to a record high of EUR 108.5 billion, prompted by . Exports of machinery and vehicles from the whole EU jumped 11.9% in the first four months of 2021, swelling the surplus in that category to 58.5 billion euros from 48.5 billion euros a year earlier. 1. Germany's trade surplus shrank for four consecutive months towards the end of 2021, as imports to Europe's largest economy hit another record high. By Peter Nurse Investing.com . Germany's trade-surplus in March 2021. Of the total turnover, export amounted to $19.7 billion or 65.5 percent . Shipping bottlenecks and other trade-related disruptions partially attributed to Covid-19 outbreaks led to a slowdown of China's import and export growth in September, according to the country's customs data revealed on Wednesday. Reuters reports Germany's Schaeuble blames ECB for German Export Surplus. As imports outpaced exports, the calendar- and seasonally-adjusted trade surplus narrowed to EUR 10.9 billion in November from EUR 12.4 billion in The surplus was well below the expected level of EUR 12.8 billion. BRASILIA, Jan 3 (Reuters) - Brazil posted a record $61 billion trade surplus in 2021, official data showed on Monday, and the Economy Ministry expects that figure to reach $79.4 billion this year due to a decline in imports. The trade balance resulted in a surplus of 4.2 . For Germany, 2020 was a banner year in the production of renewable energy. Merchandise exports grew 1.7% month-on-month on a calendar- and seasonally-adjusted basis, easing from the 4.2% increase recorded in October. The trade surplus in Germany fell sharply to EUR 12.8 billion in October of 2021 from EUR 19.7 billion a year earlier. Germany's current account surplus is persistently large: from 2011 to 2020, it never dropped below 6% of GDP and remained above 7% for six consecutive . In the months January to August 2020, the trade surplus with countries in the European Union (excluding the United Kingdom) stood at 61.8 billion euros. USDCAD was down 0.69% at around 1.2666. The economy of Germany is a highly developed social market economy. Last year, exports reached a record $280.4 billion in Latin America's largest economy, mainly due to a rise in prices . The figure is still up compared to Germany's shrunken surplus of 2011, when it stood at €158.7.