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Germany posts record high trade surplus in 2014

by ChemOrbis Editorial Team - content@chemorbis.com
  • 09/02/2015 (14:30)
Germany posted an all time high trade surplus in 2014, according to data released on Monday by the federal statistics office of the country, Destatis. Accordingly, the country’s foreign trade surplus reached €217 billion in 2014 from €195 billion a year earlier.

Germany’s exports and imports also posted record high levels in 2014, rising by 3.7% to €1,134 billion and 2% to €916.5 billion, respectively. Meanwhile, the country’s current account surplus increased to €215.3 billion in 2014 compared with €189.2 billion in 2013.

In December, exports rose 3.4% month over month after decreasing 2.2% in the previous month while imports fell 0.8% following a gain of 1.2% in November. On a yearly basis, exports rose 10% while imports climbed 4% in December.
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