126.5 billion euros
+1.2% on the previous month (calendar and seasonally adjusted)
+ 16.1% on the same month of the previous year
Imports, March 2021
105.9 billion euros
+ 6.5% on the previous month (calendar and seasonally adjusted)
+ 15.5% on the same month of the previous year
Foreign trade balance, March 2021:
20.5 billion euros
14.3 billion euros (calendar and seasonally adjusted)
Current account according to calculations by the Deutsche Bundesbank, March 2021
30.2 billion euros
In March 2021, compared to February 2021, calendar and seasonally adjusted exports in Germany rose by 1.2% and imports by 6.5%. As the Federal Statistical Office (Destatis) reports on the basis of preliminary results, exports were calendar and seasonally adjusted 0.9% below and imports 6.7% above the level of February 2020, the month before the start of the restrictions imposed by the Coronavirus. Pandemic in Germany.
In March 2021, Germany exported goods to the value of 126.5 billion euros and imported goods to the value of 105.9 billion euros. Compared to March 2020, exports rose by 16.1% and imports by 15.5% in March 2021. On the export and import side, the respective highest monthly value ever measured in the foreign trade statistics was recorded in nominal terms.
The foreign trade balance closed in March 2021 with a surplus of 20.5 billion euros. In March 2020, the balance in the foreign trade balance was 17.2 billion euros. Adjusted for calendar and seasonality, the surplus on the foreign trade balance in March 2021 was 14.3 billion euros.
The German current account closed in March, taking into account the balances for trade in goods (+23.3 billion euros), services (+1.3 billion euros), primary income (+10.0 billion euros) and secondary income (-4.5 billion euros) 2021 with a surplus of 30.2 billion euros. In March 2020, the German current account showed a surplus of 24.8 billion euros.
Foreign trade with EU countries
In March 2021, goods to the value of 67.5 billion euros were exported to the member states of the European Union (EU) and goods to the value of 57.7 billion euros were imported from there. Compared to March 2020, exports to the EU countries rose by 21.2% and imports from these countries by 18.4%. In March 2021, goods to the value of 47.0 billion euros (+ 22.6%) were exported to the countries of the euro zone and goods to the value of 39.4 billion euros (+ 16.2%) were imported from these countries. In March 2021, goods to the value of 20.4 billion euros (+ 18.1%) and goods to the value of 18.3 billion euros (+ 23.6%) were exported to the EU countries that do not belong to the euro zone. imported from there.
Foreign trade with non-EU countries
In March 2021, goods to the value of 59.0 billion euros were exported to countries outside the European Union (third countries) and goods to the value of 48.2 billion euros were imported from these countries. Compared to March 2020, exports to third countries increased by 10.8% and imports from there by 12.2%.
Foreign trade with the UK
Exports to the United Kingdom fell in March 2021 compared to the same month last year by 13.2% to 6.5 billion euros. German imports from the United Kingdom increased by 1.6% to 3.1 billion euros in the same period.
On January 1, 2021, the partnership agreement negotiated between the EU and the United Kingdom provisionally entered into force. With the exit from the EU internal market and the customs union, the United Kingdom has finally left the EU. The “Brexit Monitor” of the Federal Statistical Office offers further information on Brexit and a selection of statistical indicators for which an influence of Brexit can be assumed.
Foreign trade with other selected countries
In March 2021, exports to the People’s Republic of China rose by 37.9% to 10.3 billion euros compared to March 2020. Exports to the United States increased by 8.8% to 11.1 billion euros.
Most of the imports came to Germany from the People’s Republic of China in March 2021. Goods to the value of 11.7 billion euros were imported from there (+46.6% on the same month last year). Imports from the United States rose 1.5% in March 2021 to a value of 6.7 billion euros.
The different comparison periods must be taken into account in all reports on economic indicators. The focus of the economic observation is the comparison with the previous month / quarter. The short-term economic development can be read from this. The comparison with the previous year serves as a long-term comparison of levels and is independent of seasonal fluctuations. In the current Corona crisis, the temporary strong declines and increases can lead to very different results compared to the previous month / quarter and year-on-year comparison. In order to enable a direct comparison to the pre-crisis level, a comparison to February 2020 and the 4th quarter of 2019 will be shown in all press releases on economic indicators that are available seasonally adjusted for the time being.
The first preliminary detailed results by country of origin / destination and by chapters of the list of goods for foreign trade statistics are available for download.
Crisis monitor enables comparison between corona crisis and financial and economic crisis
The foreign trade statistics are also part of the “Crisis Monitor” (www.destatis.de/krisenmonitor), with which the Federal Statistical Office compares the development of important economic indicators in the Corona crisis and in the financial and economic crisis of 2008/2009.
The crisis monitor supplements the special page Corona statistics (www.destatis.de/corona), which bundles statistical information on the economic and social consequences of the corona pandemic.
The complete press release as well as further information and functions can be found on the website of the Federal Statistical Office at https://www.destatis.de/pressemitteilungen.
Phone: +49 (0) 611/75 24 75,
Questions to the above contact person or to:
Federal Office of Statistics
Phone: +49 611-75 34 44
Original content by: Federal Statistical Office, transmitted by news aktuell
Original message: https://www.presseportal.de/pm/32102/4909007