Wang Ye said financial news: On Monday (4th), Germany released the latest Foreign Trade Data for February (like the United States, the United States generally postpones the release of trade data).
According to specific data, in February, German exports were 124.7 billion euros, an increase of 14.3% year-on-year; in the same period, German imports were 113.1 billion euros, an increase of 24.6% year-on-year.
Finally, in February, Germany's foreign trade totaled 237.8 billion euros and a trade surplus of 11.6 billion US dollars, as shown in the chart below:
After reading germany's overall foreign trade data, Wang Ye said that Finance and Economics will take a look at the situation between Germany and major trade currencies.
First, let's look at the situation between Germany and the EU.
Specific data, in February, Germany exported 67.8 billion euros to EU member states, an increase of 10.4% year-on-year; in the same period, Germany imported 57.7 billion euros from the EU, an increase of 5.2% year-on-year.
Finally, in February, Germany and the EU member states had a total foreign trade of 125.5 billion euros and a trade surplus of 10.1 billion euros.
Second, let's look at the foreign trade of Germany and China.
According to specific data, in February, Germany exported 9.5 billion euros to China, an increase of 6.4% year-on-year; in the same period, Germany imported 13.8 billion euros from China, an increase of 4.8% year-on-year.
Finally, in February, Germany and China had a total foreign trade of 23.3 billion euros and a trade deficit of 4.3 billion euros.
Again, let's look at bilateral trade data from Germany and the United States.
Specifically, in February, Germany exported 11.2 billion euros to the United States, an increase of 2.7% year-on-year; in the same period, Germany imported 6.3 billion euros from the United States, down 2.5% year-on-year;
Finally, in February, Germany and the United States had a total foreign trade of 17.5 billion euros and a trade surplus of 4.9 billion euros with the United States.
It is worth mentioning that Wang Ye said that Caijing also noted that the data released by Germany also showed that due to the impact of the cut, bilateral trade between Germany and Russia declined in February.
Specifically, in February, German exports to Russia fell by 6.3% to 2.4 billion euros; in the same period, German imports from Russia also fell by 7.3% to 3.7 billion euros.
Finally, in February, Germany and Russia had a total foreign trade of 6.1 billion euros and a trade deficit of 1.3 billion euros against Russia.
What do you think about that? What do you think will happen next for German exports? What about foreign trade with countries?
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