Business · Trade · 7 hrs ago

Germany’s trade surplus fell to €15.6 billion in September

Germany’s trade surplus fell to €15.6 billion in September

Germany’s trade surplus fell to €15.6 billion in September, according to provisional official figures.

The surplus is the difference between the value of exports and imports, and a sharp rise in imports narrowed it from €17.9 billion in August.

Exports rose 2% month on month to €141.1 billion, while imports climbed 4.2% to €125.5 billion.

The surplus was slightly higher than a year earlier, when it stood at €15.5 billion.

The United States remained the main destination for German exports, while China was Germany’s largest supplier of imports.

The result missed market expectations of a €19.2 billion surplus.

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