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09.01.202607:16:45UTC+00German Trade Surplus Smallest in Nearly 3 Years

In November 2025, Germany's trade surplus decreased to €13.1 billion, a decrease from the revised figure of €17.2 billion in October, and it fell short of the anticipated €16.5 billion. This figure represents the smallest trade surplus since December 2022. The reduction was attributed to a decline in exports alongside an increase in imports. Export levels unexpectedly dropped by 2.5%, reaching a 13-month low of €128.1 billion, contrary to expectations that they would remain stable. This decline was primarily due to reduced demand from EU trading partners, which fell by 4.2%, along with a slight decline of 0.2% from non-EU countries. Conversely, imports increased by 0.8% to €115.1 billion, surpassing the market expectation of a 0.2% rise. This growth was driven by increased imports from non-EU countries, including China, the US, the UK, and Russia.

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