Germany January trade surplus rises. France January trade deficit decreases.

March 10, 2008 - Forex Economic News

Germany's international trade balance registered a trade surplus in January beating market expectations according to data from the Federal Statistical Office, Germany. Germany had a trade surplus of €17.1 billion in January after a surplus of €10.7 billion in December and above the January 2007 surplus of €16.1 billion. Market forecasts had expected a surplus of around €15 billion. Boosting the surplus was a 3.8 percent rise in exports to €84.4 billion which was a 9.0 percent rise over exports in January 2007. Imports increased by 4.2 percent to €67.3 billion in January and 10.2 percent above the January 2007 level.

The France trade balance showed a deficit in the month of January according to a release from INSEE. The France deficit in January totaled €3.39 billion down from a revised deficit of €3.96 billion in December. Excluding military materials, imports in January increased by 3.7 percent while exports increased 5.6 percent. Market forecasts had expected a trade deficit of around €4 billion. France registered a record trade deficit of €39.23 billion in 2007 after posting a trade deficit of €28.2 billion in 2006.

Trade Balance, France, Germany, trade surplus, trade deficit, Insee

Blog index