Allemagne Balance Commerciale

Germany's trade surplus fell to EUR 17 billion in September 2024 from a downwardly revised EUR 21.4 billion in August, smaller than forecasts of EUR 20.9 billion. Exports fell 1.7% mom to a three-month low of EUR 128.2 billion, compared to forecasts of a 1.4% drop, reversing from a downwardly revised 1.2% growth in August. Shipments to the EU fell by 1.8%, and those to third countries dropped by 1.6%, with exports to China declining by 3.7% and the UK by 4.9%. By contrast, exports rose to Russia (3.6%) and the US (4.8%). Meanwhile, imports grew 2.1% to EUR 111.3 billion, after a downwardly revised 2.6% drop in August. Imports from the EU rose by 1.6%, and purchases from non-EU increased by 2.6%, particularly from China (5.6%) and Russia (20.1%) while declining to the US (-0.3%) and the UK (-0.6%). For the first nine months of 2024, the country recorded a surplus of EUR 186.9 billion.