According to Monday’s official data, Germany’s foreign trade surplus totalled 17.8 billion euros ($19.4 billion) in October, the highest since June.
German exports fell 8.1% year-on-year to €126.4bn in October, the lowest since March 2022. Imports also fell 16.3% to a near two-year low of €108.6bn.
Shipments to non-EU countries totalled €58.5bn, while imports reached €51.8bn. Most of Germany’s exports in September went to the US worth €13.5bn, up 5.7% year-on-year.
Exports to China rose by 1.5% to €7.9bn, with exports to the UK up 5.6% to €6.6bn.
Meanwhile, exports to Russia fell 40.5% year-on-year to €600 million, while imports from the country totalled €200 million, falling by 88.5% over the same period.
