Germany October trade balance €6.9 billion vs €5.2 billion expected

  • Latest data released by Destatis - 2 December 2022
  • Prior €3.7 billion; revised to €2.8 billion

The German trade surplus expanded on the month but that owes to a 3.7% drop in imports, which was much more than the 0.6% decline in exports on the month. Lower energy prices are arguably what is helping to switch up the figures in imports as we look towards the year-end.

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