Germany’s trade surplus narrowed in December, as both exports and imports declined from the previous month.
EWG is up 1.56% premarket.
The foreign trade balance surplus stood at €7.0 billion in December, narrower than €11.6 billion in November, and €15.1 billion recorded the same month in the previous year.
Exports for the month stood at €117.0 billion, lower than €125.9 billion the previous month and up by 15.6% from the €101.2 billion recorded in December 2020.
December imports were recorded at €110.0 billion, lower than €114.3 billion in November but 27.8% higher than the €86.1 billion reported in the same month of the previous year.
The full-year trade balance recorded a €173.3-billion surplus, as year-to-date exports stood at €1.375 trillion and imports at €1.202 trillion. The latest surplus is narrower than the €180.4 billion in 2020.
The United States was the top trade partner of Germany for the year, with €122.1-billion euros worth of exports.