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GERMANY TRADE AND COMMERCE

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Presentation on theme: "GERMANY TRADE AND COMMERCE"— Presentation transcript:

1 GERMANY TRADE AND COMMERCE

2 INTRODUCTION

3 What is a trade ? Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties.

4 What is a commerce ? Commerce is the activity of buying and selling of goods and services, especially on a large scale. The system includes legal, economic, political, social, cultural and technological systems that are in operation in any country or internationally. Thus, commerce is a system or an environment that affects the business prospects of economies.[It can also be defined as a component of business which includes all activities, functions involved in transferring goods from producers to consumers.

5 Germany posted a new record high of surplus at EUR 252
Germany posted a new record high of surplus at EUR billion in 2016, surpassing the previous high of EUR billion in 2015, as exports rose more than imports. Exports in Germany

6 In December 2016 alone, trade surplus was recorded at EUR 18
In December 2016 alone, trade surplus was recorded at EUR 18.7 billion, compared to EUR billion surplus a year earlier.  In 2016, German exports increased by 1.2 percent compared to a year earlier to EUR 1,207.5 billion while imports went up 0.6 percent to EUR million. Exports and imports in 2016 exceeded the previous record highs of 2015, when goods to the value of  EUR 1, billion had been exported and goods to the value of  EUR billion had been imported. 

7 From January to December 2016, Germany exported goods to the value of EUR billion to the Member States of the European Union (EU), while it imported goods to the value of EUR billion from those countries.  Compared with 2015, exports to the EU countries increased by 2.2 percent while imports from those countries by 1.8 percent. Goods to the value of EUR billion (+1.8 percent) were dispatched to the Euro area countries in 2016, while the value of the goods received from those countries was EUR billion (+0.7 percent). In 2016, goods to the value of EUR billion (+2.8 percent) were exported to EU countries not belonging to the Euro area, while the value of the goods imported from those countries was EUR billion (+4.1 percent). 

8 In December 2016, sales rose 6.3 percent from a year earlier to EUR 97.4 billion while imports increased by 7.4 percent to EUR 78.7 billion. After calendar and seasonal adjustment, exports declined by 3.3 percent on November 2016, while imports remained unchanged compared with the previous month.

9 Imports in Germany Imports to Germany rose 7.4 percent from a year earlier to EUR 78.7 billion in December In 2016, imports went up 0.6 percent to EUR million, exceeding the previous record highs of 2015 when goods to the value of EUR billion had been imported. From January to December 2016, Germany imported goods to the value of EUR billion from the Member States of the European Union (EU) while imports from EU countries increased by 1.8 percent.

10 The value of the goods received from the Euro area countries in 2016 was EUR billion (+0.7 percent). the value of the goods imported from EU countries not belonging to the Euro area was EUR billion (+4.1 percent). Imports in Germany averaged EUR Million from 1950 until 2016, reaching an all time high of EUR Million in November of 2016 and a record low of EUR Million in May of 1950.

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