Germany: Merchandise exports grow at a milder pace in September
November 2, 2022
Merchandise exports fell 0.5% over the prior month in September (August: +2.9% mom). Meanwhile, merchandise imports contracted 2.3% in month on month in September (August: +4.9% mom).
As a result, the merchandise trade balance improved from the previous month, recording a EUR 3.7 billion surplus in September (August 2022: EUR 1.2 billion surplus; September 2021: EUR 11.8 billion surplus). Lastly, the trend worsened, with the 12-month trailing merchandise trade balance recording a EUR 77.6 billion surplus in September, compared to the EUR 85.7 billion surplus in August.