In March, Germany exported €94.6 billion (about US$121.8 billion) worth of goods and imported $97.6 billion worth of goods.
German exports in March were down 4.2 percent year-over-year and imports fell 6.9 percent, according to provisional data released by the nation’s Federal Statistical Office. However, based on calendar and seasonal adjustment, exports inched up by 0.5 percent and imports increased by 0.8 percent from the levels realized in February 2013.
Germany had a foreign trade surplus of $24.2 billion in March, versus $22.4 billion in March 2012. In calendar and seasonally adjusted terms, the the country had a surplus of $22.7 billion in March.
Germany exported goods valued at $69.3 billion to European Union member states in March, down 5.4 percent year-over-year, and it imported goods valued at $64.9 billion from those countries, down 3.7 percent compared with the same month of 2012.
Goods worth $45.4 billion, down 7 percent year-over-year, were exported to the euro-area countries in March, while the value of the commodities received from those countries was $45.7 billion, dropping 4.6 percent. Additionally, goods worth $23.8 billion, down 2.2 percent, were exported to EU countries not belonging to the euro area, and the value of the goods imported from those countries was $19.3 billion, declining 1.5 percent.
Exports of goods to countries outside the EU amounted to $52.5 billion in March, down 2.6 percent year-over-year, while imports from those countries totaled $32.6 billion, a drop of 12.8 percent.