Brandenburg Gate in Berlin, Germany

Germany Trade March 2024

Germany: Merchandise exports increase in March

Merchandise exports rose 0.9% in seasonally adjusted month-on-month terms in March—smashing market expectations—following February’s 1.6% fall. Meanwhile, merchandise imports were broadly stable, rising just 0.3% over the prior month in March (February: +3.0% s.a. mom).

Meanwhile, the merchandise trade balance deteriorated from the previous month, recording a USD 23.9 billion surplus in March (February 2024: USD 24.7 billion surplus; March 2023: USD 24.3 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 240.1 billion surplus in March, compared to the USD 240.5 billion surplus in February.

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