Germany Balance of Trade

The trade surplus in Germany narrowed to EUR 16.2 billion in September of 2021 from EUR 20 billion a year earlier. Imports were up 12.9% to EUR 101.6 billion, with purchases from China soaring 24.2% and those from the US rising 0.9%. Imports from the European Union increased by 9.4% and from the Euro Area by 11.9%. Exports went up by 7.1% to EUR 117.8 billion, boosted by sales to the EU (9.2%) and the US (16.2%) while those to China edged down 0.2%. On a seasonally adjusted basis, exports declined 0.7%, a second consecutive decrease, as supply chain disruptions continue to hurt the economy and imports edged up a meager 0.1%.