Germany: Merchandise exports return to growth in February
Latest reading: Merchandise exports rose 1.8% month on month in seasonally adjusted terms in February, improving from January’s flat reading. Meanwhile, merchandise imports rose 0.7% on a monthly basis in February (January: +5.0% mom s.a.).
As a result, the merchandise trade balance improved from the previous month, recording a EUR 18.4 billion surplus in February (January 2024: EUR 12.8 billion surplus; February 2023: EUR 24.1 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a EUR 225.4 billion surplus in February, compared to the EUR 231.1 billion surplus in January.