Germany’s foreign trade balance showed a surplus of €20.4 billion ($22.3 billion) in November, the country’s federal statistical bureau Destatis announced on Monday. Germany’s exports fell by 5% year-on-year to €131.2 billion in November while imports went down by 12.2% on a yearly basis, calculated at €110.8 billion. While these figures recorded yearly declines, exports and imports saw month-on-month upticks of 3.7% and 1.9%, respectively.
Germany’s exports to EU countries were worth €71.5 billion in the month, whereas EU imports to Germany amounted €58.9 billion. German exports outside of EU countries were €59.7 billion in November, while non-EU imports to Germany totaled €51.9 billion.—AA
