Germany’s adjusted exports rose 2 per cent in September, reaching 141.1 billion euros. Imports increased faster, by 4.2 per cent, reducing the trade surplus to 15.6 billion euros. Sales to European Union countries supported the monthly export gain, while shipments to the United States, United Kingdom and China fell from August.
Germany’s goods exports increased 2 per cent in September from August after calendar and seasonal adjustment. Exports reached 141.1 billion euros, while imports rose 4.2 per cent to 125.5 billion euros. The faster increase in imports narrowed the trade surplus from 17.9 billion euros to 15.6 billion euros. The provisional results were released by the Federal Statistical Office, Destatis, on 9 November.[1], [2]
Exports to European Union countries increased 3.5 per cent monthly to 80.8 billion euros. Imports from those countries rose 4.9 per cent to 62.9 billion euros. Within that total, exports to the euro area increased 2.4 per cent to 55.8 billion euros. Shipments to European Union countries outside the euro area rose faster, increasing 6.1 per cent to 25 billion euros.[1]
Germany’s shipments to the United States declined 0.5 per cent from August to 13.4 billion euros. Exports to the United Kingdom fell 4.7 per cent to 7.3 billion euros, and shipments to China dropped 5.2 per cent to 5.5 billion euros. Germany’s exports remained 7.7 per cent above September last year, while imports were 8.7 per cent higher on the adjusted basis.[1]
