Exports increased 7.4 percent year-on-year to € 34.57 billion in September of 2014. When adjusted for working days, sales rose at a slower 2.1 percent (September this year had one more working day than September last year). Sales to countries outside the EU rose 8.4 percent while those to the EU advanced 6.6 percent. Shipments of capital goods recorded the highest increase (11.6 percent), followed by consumption goods (8.4 percent). In contrast, energy exports fell 11.9 percent.
Imports rose 3.3 percent to € 32.55 billion, driven by a 6.2 percent increase in purchases from the EU while those from non EU countries dropped 0.5 percent.
On a seasonally adjusted basis, exports rose 1.5 in September over August while imports increased 1.6 percent.
Considering the first nine months of 2014, exports increased 1.4 percent over a year earlier and imports shrank 1.9 percent, bringing the country’s trade surplus to € 28.19 billion.