S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

German Exports Surge in April

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

German flag
Thinkstock
If any economy in Europe will lead a recovery in the region, it is Germany. Not only does the nation have the largest gross domestic product in the region. It also has the most significant trade relationships outside the European Union, with some economies that are relatively healthy, particularly China and the United States. Germany also has a services economy based on an intellectual property pool that very few countries can match, and one of the most efficient manufacturing sectors.

According to the German government:

German exports in April 2013: +8.5% on April 2012

Germany exported commodities to the value of 94.5 billion euros and imported commodities to the value of 76.4 billion euros in April 2013. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 8.5% and imports by 5.2% in April 2013 on April 2012. Upon calendar and seasonal adjustment, exports increased by 1.9% and imports by 2.3% compared with March 2013.

The foreign trade balance showed a surplus of 18.1 billion euros in April 2013. In April 2012, the surplus had amounted to 14.5 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 17.7 billion euros in April 2013.

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 17.6 billion euros in April 2013, which included the balance of services (+1.6 billion euros), factor income net (+1.3 billion euros), current transfers (–2.5 billion euros), and supplementary trade items (–0.9 billion euros). In April 2012, the German current account showed a surplus of 11.9 billion euros.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Retirees Are Realizing a $1.5 Million Nest Egg at 60 Only Means $31,000 in Real Annual Spending
Drew Wood |

Retirees Are Realizing a $1.5 Million Nest Egg at 60 Only Means $31,000 in Real Annual Spending
71% of Americans With Financial Advisors Feel Secure. Only 10% Without One Do
David Beren |

71% of Americans With Financial Advisors Feel Secure. Only 10% Without One Do

Continue Reading

Douglas A. McIntyre |

German Exports Plunge 4.8% in May

ThinkstockBad news about the global economy and that of the world’s largest nations continues to rush out. Germany’s exports plunged…
Douglas A. McIntyre |

German Exports Reach All-Time High — Text of Federal Statistical Office (Destatis) Statement

Thinkstock Germany exported goods to the value of 101.0 billion euros and imported goods to the value of 77.6 billion euros in…
Douglas A. McIntyre |

Germany Issues Data on Exports, Manufacturing

ThinkstockGerman’s economy continues to sputter, although data from June showed a modest improvement over earlier months. Some experts claim this…
Douglas A. McIntyre |

German Record Imports And Exports

Despite the fact that much of Europe is crumbling around it, Germany posted recent highs for both imports and exports…
Douglas A. McIntyre |

German GDP Falls .2% In Q2–Federal Statistical Office (Destatis)

The German economy contracted .2% in the second quarter of 2014 according to the Federal Statistical Office (Destatis). The largest and…
Douglas A. McIntyre |

EU Trouble Bites German Imports/Exports

German businesses had a little reason to hope that trade with countries outside the European Union would keep the export…
Douglas A. McIntyre |

Markets Jump for Joy as German GDP Rises

Most stock markets around the world moved higher as the Federal Statistics Office (Destatis) said gross domestic product in Germany rose…
Douglas A. McIntyre |

What’s Important in the Financial World (5/10/1012) German Export Record, Oil Drops to $97

Oil has passed $97 on its way down to what some analysts believe will be $90 or less. That would…
Douglas A. McIntyre |

Huge Surge In German Exports–At Least One Country Is Growing

The economy of one Western nation is growing rapidly–Germany’s. The Federal Statistics Bureau said that exports rose 28.5% in June…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618