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Exports in February 2021: + 0.9% in January 2021

Exports are 2.1% lower than before the February 2020 crisis

News Release No. 175 from April 9, 2021

Export, February 2021
107.8 billion euros
+ 0.9% in the previous month (adjusted by calendar and season)
-1.2% in the same month of the previous year

Import, February 2021
89.7 billion euros
+ 3.6% in the previous month (adjusted by calendar and season)
+ 0.9% in the same month of the previous year

Foreign Trade Balance, February 2021:
18.1 billion euros
19.1 billion euros (calendar and seasonally adjusted)

Current Account for February 2021, according to Deutsche Pundesbank
18.8 billion euros

WIESBADEN – In February 2021, calendar and seasonally adjusted exports in Germany increased by 0.9% and imports by 3.6% compared to January 2021. According to preliminary results from the Federal Bureau of Statistics (Testadis), calendar and seasonally adjusted exports were 2.1% lower than in February 2020, a month before the onset of corona epidemic controls in Germany. Compared to February 2020, imports increased by 0.2% after seasonal and calendar changes.

In February 2021, Germany exported goods worth 107.8 billion euros and imported goods worth 89.7 billion euros. Compared to February 2020, exports fell 1.2% in February 2021, while imports increased by 0.9%.

Foreign trade reserves closed in February 2021 with a surplus of 18.1 billion euros. In February 2020, foreign trade reserves stood at 20.3 billion euros. Adjusted for the calendar and season, the foreign trade surplus in February 2021 was 19.1 billion euros.

The German current account closed in February, with trade surpluses (+18.6 billion euros), services (+1.2 billion euros), primary income (+7.7 billion euros) and secondary income (88.8 billion euros) surplus of 20.8 billion euros by 2021. In February 2020, the German current account showed a surplus of 21.6 billion euros.

Foreign trade with EU countries

In February 2021, goods worth 58 58.3 billion were exported to EU member states, and .7 49.7 billion worth of goods were imported from there. Compared to February 2020, exports to EU countries declined by 0.3%, while imports from these countries increased by 0.7%. In February 2021, 40.4 billion euros (-0.9%) worth of goods were exported to eurozone countries, and 33.7 billion euros (-0.6%) worth of goods were imported from these countries. In February 2021, goods worth 17 17.9 billion (+ 1.2%) and goods worth .0 16.0 billion (+ 3.7%) were exported to non-EU countries. Were imported from there.

Foreign trade with non-EU countries

In February 2021, 49.5 billion euros worth of goods were exported to countries outside the EU (Third Countries) and 40.0 billion euros worth of goods were imported from these countries. Compared to February 2020, exports to third countries declined by 2.3%, while imports from there increased by 1.1%.

Foreign trade with the UK

Exports to the United Kingdom fell 12.2% in February 2021 to 5.4 billion euros, compared to the same month last year. German imports from the United Kingdom fell 26.9% to 2.7 billion euros.

On January 1, 2021, the Treaty Partnership Agreement between the European Union and the United Kingdom came into force on a temporary basis. With the EU leaving the internal market and customs, the UK exit from the EU is now finally complete. The Federal Bureau of Statistics’ “Brexit Monitor” provides additional information about Brexit and a selection of statistical indicators for which Brexit’s influence can be considered.

Foreign trade with selected other countries

In February 2021, exports to the People’s Republic of China increased by 25.7% to 8.5 billion euros compared to February 2020. Exports to the United States fell 0.6% to 9.5 billion euros.

In February 2021 most of the imports from the People’s Republic of China came to Germany. Goods worth 9. 9.9 billion were imported from there (+ 32.5% in the same month last year). Imports from the United States fell 12.6% to 5.1 billion euros in February 2021.

Method Notes:
Different comparison periods should be taken into account in all statements relating to economic indicators. The focus of economic observation is to compare with the previous month / quarter. Short-term economic growth can be read from this. The comparison with the previous year is a long-term comparison of conditions and independent of seasonal fluctuations. In the current corona crisis, sometimes strong declines and increases can lead to very different results compared to the previous month / quarter and year. Two perspectives are important: How is economic growth compared to the previous month / previous quarter, and how far is the capture process compared to the level of the previous year? In order to implement a direct comparison to the pre-crisis level, comparisons for the 4th quarter of February 2020 and 2019 will be shown in all press releases and adjusted accordingly.

Cross-border transactions
Billion euro
Subject
Proof
February January
To
February
January February January
To
February
2021 2020
1 According to the calculations of the Deutsche Bundesbank.
Foreign trade
1 total export 107.8 206.0 98,2 109.2 215.8
Total 2 imports 89.7 174.1 84.4 88.9 181.8
3 Foreign Trade Balance (1-2) 18,1 32.0 13,8 20,3 34.0
Convert to commodity trade 1
4 Additions in Foreign Trade 0,4 0,8 0,4 -0,1 0,3
Current account balances 1
5 trades on commodities (3 + 4) 18,6 32.8 14,2 20,2 34,3
6 Services 1,2 2,2 0,9 -1,3 -2,4
7 Primary income 7,7 17,5 9,8 7,0 17,2
8 Secondary income -8,8 -16,1 -7,3 -4,3 -11,6
Current Account (5 + 6 + 7 + 8) 18,8 36.4 17,6 21,6 37.5
Country groups
The object of verification February
2021
January
To
February
2021
Change against
February
2020
January
To
February
2020
Billion euro %
Total exports 107.8 206.0 -1,2 -4,5
Including:
EU countries 58.3 112.9 -0,3 -3,1
Eurozone 40,4 78.6 -0,9 -3,7
Not the euro zone 17,9 34,4 1,2 -1,6
Third countries 49.5 93.1 -2,3 -6,2
Including:
United Kingdom 5,4 9,7 -12,2 -20,5
Total imports 89.7 174.1 0,9 -4,3
Including:
EU countries 49.7 94.0 0,7 -2,4
Eurozone 33.7 63.4 -0,6 -3,9
Not the euro zone 16,0 30,6 3,7 0,7
Third countries 40,0 80,0 1,1 -6,3
Including:
United Kingdom 2,7 4,4 -26,9 -39,6
Foreign Trade (Special Trade)
Export and import
Original values ​​/ calendar and SeasonAdjusted values 1
Year Month Export Import
Original Calendar-
And Season
Adjusted value 1
Original Calendar-
And Season
Adjusted value 1
Respect
In
Billions
Euro
Blood
Change
Against-
Above
Last year
Month
In%
Respect
In
Billions
Euro
Blood
Change
Against-
Above
Front-
Month
In%
Respect
In
Billions
Euro
Blood
Change
Against-
Above
Last year
Month
In%
Respect
In
Billions
Euro
Blood
Change
Against-
Above
Front-
Month
In%
1 After J-DEMETRA + (X-13 ARIMA).
2020 January 106.6 -2,1 111.1 0,4 92.9 -1,4 92.9 1,4
February 109.2 0,3 112.4 1,2 88.9 -2,4 90.7 -2,4
March 108.9 -7,9 99.3 -11,7 91.7 -4,3 86.5 -4,6
April 75.7 -31,1 75.7 -23,7 72.3 -21,6 72,2 -16,5
May 80,2 -29,8 82,2 8,6 73.3 -21,6 75,1 4,0
June 96.0 -9,5 94.8 15,3 80,6 -9,9 80,3 7,0
July 102.3 -11,0 98.9 4,4 83.1 -11,3 81.1 0,9
August 91.3 -10,2 101.9 3,0 79.4 -6,7 86.8 7,1
September 109.9 -3,8 104.3 2,4 89.7 -3,5 87.5 0,8
October 112.2 -6,3 105.0 0,6 92.5 -6,0 87.2 -0,4
November 112.0 -1,1 106.9 1,8 95,3 0,6 91.0 4,4
December 101.0 3,0 107.3 0,3 85.8 3,5 90.9 -0,1
2021 January 98,2 -7,9 109.0 1,6 84.4 -9,2 87.7 -3,5
February 107.8 -1,2 110.0 0,9 89.7 0,9 90,8 3,6

Preliminary first Detailed results are available for download through the chapters on the product list for origin / destination country and foreign trade statistics.

The Crisis Monitor implements a comparison between the corona crisis and the financial and economic crisis
Foreign trade figures are also part of the “Crisis Monitor” (www.destatis.de/krisenmonitor), where the Federal Statistics Office compares the growth of key economic indicators to the Corona crisis and the 2008 financial and economic crisis. 2009. The Crisis Monitor presents a special page called “Corona Statistics” (www.destatis.de/corona), which compiles statistical information on the economic and social consequences of the corona epidemic.

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