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Germany Records Stronger-Than-Expected Jump in October Exports
(MENAFN) Germany recorded a stronger-than-expected jump in outbound shipments in October, with exports climbing 4.2% from a year earlier to €131.3 billion, according to Destatis on Tuesday. Imports also rose, albeit more moderately, increasing 2.8% to €114.5 billion.
The monthly figures pushed the country’s foreign trade surplus to €16.9 billion, Destatis reported.
Trade with European Union partners remained robust. Germany shipped €76.3 billion worth of goods to EU member states, while imports from the bloc reached €61.1 billion.
Commerce with countries outside the EU was similarly active. Exports to non-EU markets totaled €55.1 billion in October, and imports amounted to €53.4 billion.
In a notable monthly shift, Germany’s exports to Russia edged 4.8% higher, reaching €600 million despite ongoing geopolitical tensions.
The monthly figures pushed the country’s foreign trade surplus to €16.9 billion, Destatis reported.
Trade with European Union partners remained robust. Germany shipped €76.3 billion worth of goods to EU member states, while imports from the bloc reached €61.1 billion.
Commerce with countries outside the EU was similarly active. Exports to non-EU markets totaled €55.1 billion in October, and imports amounted to €53.4 billion.
In a notable monthly shift, Germany’s exports to Russia edged 4.8% higher, reaching €600 million despite ongoing geopolitical tensions.
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