German exports unexpectedly rise in October due to EU trade 09-Dec 15:25

German exports rose slightly in October, beating expectations for a decline thanks to EU trade, while exports to the United States and China fell strongly.

Exports rose by 0.1% in October compared with the previous month, data from the federal statistics office showed on Tuesday.

The result compared with a forecast 0.5% decrease in a Reuters poll.

Imports were down 1.2% on a calendar and seasonally adjusted basis.

The foreign trade balance showed a surplus of 16.9 billion euros ($19.68 billion) in October, up from 15.3 billion euros in September and 14.6 billion euros in October 2024.

Exports to EU countries rose by 2.7% on the month, while exports of goods to countries outside the EU declined by 3.3%.

Exports to the U.S. decreased by 7.8% on September, while exports to China decreased by 5.8%.

($1 = 0.8589 euros)