Giuseppe Sandro Mela.
Exports, June 2021
118.7 billion euros
+1.3% on the previous month (calendar and seasonally adjusted)
+23.6% on the same month a year earlier
Imports, June 2021
102.4 billion euros
+0.6% on the previous month (calendar and seasonally adjusted)
+27.0% on the same month a year earlier
Foreign trade balance, June 2021:
16.3 billion euros
13.6 billion euros (calendar and seasonally adjusted)
Current account according to calculations of the Deutsche Bundesbank, June 2021
22.5 billion euros
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Wiesbaden – In June 2021, German exports were up by 1.3% and imports by 0.6% on a calendar and seasonally
adjusted basis compared with May 2021. Based on provisional data, the Federal Statistical Office (Destatis) also reports that, after calendar and seasonal adjustment, exports were 1.1% and imports even 10.0% higher than in February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany.
Germany exported goods to the value of 118.7 billion euros and imported goods to the value of 102.4 billion euros in June 2021. Compared with June 2020, exports increased by 23.6% and imports by 27.0% in June 2021.
The foreign trade balance showed a surplus of 16.3 billion euros in June 2021. In June 2020, the surplus amounted to 15.4 billion euros. The calendar and seasonally adjusted surplus of June 2021 was 13.6 billion euros.
The current account of the balance of payments showed a surplus of 22.5 billion euros in June 2021, which takes into account the balances of trade in goods (+16.2 billion euros), services (+0.5 billion euros), primary income (+8.6 billion euros) and secondary income (-2.9 billion euros). In June 2020, the current account showed a surplus of 20.3 billion euros.
Trade with EU countries
In June 2021, Germany exported goods to the value of 64.5 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 54.9 billion euros from those countries. Compared with June 2020, exports to the EU countries increased by 26.1%, and imports from those countries by 22.1%. Goods to the value of 45.0 billion euros (+24.9%) were exported to the euro area countries in June 2021; the value of the goods imported from those countries was 37.9 billion euros (+22.5%). In June 2021, goods to the value of 19.5 billion euros (+29.0%) were exported to EU countries not belonging to the euro area, while the value of the goods imported from those countries was 17.0 billion euros (+21.3%).
Trade with non-EU countries
Exports of goods to countries outside the European Union (third countries) amounted to 54.1 billion euros in June 2021, while imports from those countries totalled 47.5 billion euros. Compared with June 2020, exports to third countries increased by 20.7% and imports from those countries by 33.0%.
Trade with the United Kingdom
Compared with the same month last year, exports to the United Kingdom were up by 11.0% to 5.5 billion euros in June 2021. German imports from the United Kingdom increased by 11.5% to 2.7 billion euros over the same period.
On 1 January 2021 the partnership agreement negotiated between the EU and the United Kingdom took provisional effect. Now that the United Kingdom has left the EU single market and the customs union, the withdrawal process is complete. More information on the Brexit and selected statistical indicators that are assumed to be affected by the Brexit are provided by the Brexit Monitor of the Federal Statistical Office
Trade with other selected countries
In June 2021, exports to the People’s Republic of China rose by 16.0% to 9.5 billion euros compared with June 2020. Exports to the United States increased by 39.8% to 10.3 billion euros.
In June 2021, most imports came to Germany from the People’s Republic of China. The value of the goods imported from there was 10.9 billion euros (+11.1% on the same month a year earlier). Imports from the United States were up by 56.0% to 6.9 billion euros in June 2021 year on year.