Germany's Trade Surplus Shrinks, Imports Surge
Update: 2025-11-07
Description
Germanys trade surplus shrinks to an eleven-month low in September 2025, as imports surge faster than exports, causing a significant drop in the monthly surplus. Exports increased by 1.4% to €131.1 billion, while imports jumped by 3.1% to €115.9 billion, leading to a surplus of €15.3 billion, down from €16.9 billion in August and €18 billion a year ago. The rise in imports from non-EU countries, particularly China, the US, and the UK, contributed to this shift. Economists like Carsten Brzeski from ING suggest that German exporters still face challenges, and exports are unlikely to be a major driver of German economic growth soon.
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