Germany: Merchandise exports grow at a milder pace in September
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.
window.document.body.addEventListener(‘Highcharts/ready’,()=>{Highcharts.chart(‘chart-container’,{chart:{zoomType:’xy’},title:{text:null,align:’left’},subtitle:{text:null,},xAxis:[{categories:[‘Oct-20′,’Nov-20′,’Dec-20′,’Jan-21′,’Feb-21′,’Mar-21′,’Apr-21′,’May-21′,’Jun-21′,’Jul-21′,’Aug-21′,’Sep-21′,’Oct-21′,’Nov-21′,’Dec-21′,’Jan-22′,’Feb-22′,’Mar-22′,’Apr-22′,’May-22′,’Jun-22′,’Jul-22′,’Aug-22′,’Sep-22′,’Oct-22′],crosshair:true}],yAxis:[{labels:{format:'{value}’,style:{color:Highcharts.getOptions().colors[1]}},title:{text:’%’,style:{color:Highcharts.getOptions().colors[1]}}},{title:{text:’%’,style:{color:Highcharts.getOptions().colors[1]}},labels:{format:'{value}’,style:{color:Highcharts.getOptions().colors[1]}},opposite:true}],tooltip:{shared:true},legend:{align:’left’,x:50,verticalAlign:’top’,y:15,floating:true,backgroundColor:Highcharts.defaultOptions.legend.backgroundColor||’rgba(255,255,255,0.25)’},series:[{name:’MerchandiseTradeBalance(USDbn)’,type:’column’,yAxis:0,data:[21.0,23.0,27.0,21.0,20.0,21.0,22.0,17.0,20.0,17.0,16.0,17.0,16.0,11.0,16.0,17.0,5.0,8.0,11.0,11.0,7.0,3.0,5.0,7.0],tooltip:{valueSuffix:”}},{name:’MerchandiseExports(ann.var.%)’,type:’spline’,yAxis:1,data:[4.6,6.8,7.8,8.0,23.2,65.3,54.8,29.6,20.9,9.9,9.3,12.3,10.1,6.0,2.0,9.5,0.2,1.4,-1.3,3.0,-0.9,4.1,0.5,-2.4],tooltip:{valueSuffix:”}},{name:’MerchandiseImports(ann.var.%)’,type:’spline’,yAxis:1,data:[3.9,5.5,2.9,10.1,20.2,49.1,49.2,33.0,25.4,15.2,16.0,19.4,17.1,18.5,13.2,15.4,13.8,12.3,7.1,9.3,10.2,16.9,9.7,5.2],tooltip:{valueSuffix:”}}]})});