FX.co ★ German Current Account Surplus Widens in September

Germany’s current account surplus rose to €18.7 billion in September 2026, up from €15.7 billion in the same month a year earlier. The primary income surplus increased to €16.0 billion from €13.6 billion, while the secondary income deficit narrowed to €5.3 billion from €7.1 billion. By contrast, the goods surplus slipped slightly to €15.6 billion from €16.2 billion, as exports grew 10.4% year-on-year to €129.7 billion, but imports expanded at a faster pace of 12.7% to €114.1 billion. The services deficit also widened modestly, to €7.4 billion from €7.1 billion. Over the first nine months of 2026, Germany’s cumulative current account surplus reached €160.0 billion, compared with €149.4 billion in the same period of 2025.