trending Market Intelligence /marketintelligence/en/news-insights/trending/a0AI40sIvcbl0puBRFwHmA2 content esgSubNav
In This List

German trade surplus narrows in October

Blog

Banking Essentials Newsletter: 7th February Edition

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


German trade surplus narrows in October

Germany's foreign trade balance posted a surplus of 19.9 billion in October on calendar- and seasonally adjusted terms, down from an estimated €21.8 billion surplus in September, preliminary data from the Federal Statistical Office showed.

Exports declined 0.4% in October to €107.0 billion from €107.5 billion in September. Imports increased 1.8% to €87.2 billion from a revised €85.6 billion in the previous month.

In unadjusted terms, the trade surplus stood at €18.9 billion in October, down from €24.1 billion in the previous month but up from €18.8 billion in the year-ago period. Year over year, the unadjusted exports reached €108.0 billion in October, down from €110.4 billion in September. Imports rose to €89.1 billion from €86.3 billion.

October's current account surplus dropped to 18.1 billion from a revised 25.8 billion in September and 18.4 billion in the year-ago period, according to provisional calculations by Deutsche Bundesbank.