German Trade Surplus, French Deficit Drop

Germany's trade surplus has shrunk below the predicted levels in December 2013.

The surplus of Europe's biggest economy at the end of the year was EUR 14.2 B, which is considerably lower than the revised EUR 19.1 B in the previous month, according to the Federal Statistics Bureau (Destatis).

Meanwhile, Germany's overall foreign trade balance for the entire 2013 recorded a surplus of EUR 198.9 B, a historic record high. The figure for 2012 was EUR 189.8 B.

German exports in December dropped by 0.9%, following a 0.7% growth in the preceding month. Imports were also down 0.6%, despite the forecasted 0.9% growth.

The EU's second largest economy, France, recorded a trade deficit of EUR 5.2 B at the end of the year, which is down from EUR 5.7 B in November.

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