Germania Bilancia Commerciale

Germany's trade surplus increased to EUR 17.7 billion in February 2025, up from an upwardly revised EUR 16.2 billion in January, slightly below forecasts of EUR 17.8 billion, as exports grew more than imports. Exports rose by 1.8% month-on-month to a ten-month high of EUR 131.6 billion in January, after showing no growth in the previous month. This was supported by sales to EU countries (0.5%), specifically to the Euro area (0.3%) and the non-Euro area (1.0%). Additionally, sales to third countries expanded by 3.2%, driven by higher sales to the US (8.5%) and China (0.6%), though sales to the UK (-3.8%) and Russia (-3.0%) fell. Meanwhile, imports climbed by 0.7% to a 20-month high of EUR 113.8 billion. Imports from the EU grew by 2.3%, with increases from both the Euro area (2.8%) and the non-Euro area (1.4%). Conversely, purchases from third countries fell by 1.0%, amid lower arrivals from the US (-3.9%), Russia (-4.5%), and the UK (-5.2%), while purchases from China advanced by 7.1%.