• Prior €12.5 billion
  • Exports +1.7% m/m
  • Prior +4.1%
  • Imports +3.3% m/m
  • Prior +5.0%

Slight delay in the release by the source. The German trade surplus shrank a little as exports grew by 1.7% on the month while imports grew by 3.3% on the month in November. This continues to reaffirm some improvement in trade conditions, which is befitting of the trend as a whole since the depths of the pandemic.

Germany trade 11-2021