German exports grew by almost 10 percent in 2006

German foreign trade continues growing but at a slower pace. According to preliminary figures presented by the Federal Statistical Office, in March 2007 Germany exported goods to the value of 83.9 billion Euros whereas imports amounted to 65.5 billion Euros. Thus, in March 2007 German exports were up by 9.3% and imports by 4.6% as compared to the same month in 2006. Compared to February 2007, however, exports as well as imports slightly decreased by 1.4% and 3.0% respectively.

The foreign trade balance closed by a surplus of 18.4 billion Euros in March 2007. At the end of March 2006 the foreign trade surplus had been 14.1 billion Euros. The seasonally adjusted figures revealed a surplus of 15.5 billion Euros in March 2007. According to preliminary figures by the German Bundesbank the balance of current accounts closed by a 17.2 billion surplus in March 2007. Back in March 2006 the German balance of current accounts had closed with a credit balance of 9.5 billion Euros.

Exports and imports to and from EU member states increased by 11.5% and 8.6% respectively in March 2007 as compared to March 2006. The corresponding figures for exports and imports to and from third countries outside the EU were +5.3% and -2.6%. GERMAN