In January, Germany's exports saw an impressive recovery, expanding at a rate much faster than anticipated, according to data published by Destatis on Wednesday.
The country's export figures for the first month of the year indicated a growth of 6.3%, a sharp recovery from December's 4.5% contraction. These figures surpassed economists' predictions of a modest 1.5% growth.
Similarly, January's imports increased by 3.6%, a reversal from the 6.7% decrease noted in December. Predicted increases for this period were a more conservative 1.8%.
These robust export numbers led to a significant increase in Germany's trade surplus, which rose to 27.5 billion euros from December's 23.3 billion euros. This well exceeded the anticipated surplus forecast of 21.5 billion euros.
In terms of annual growth, January's exports improved by 1.5%, a marked recovery from the 9.1% decrease seen the prior month. Concurrently, the yearly decrease in imports also slowed, dropping to 7.5% from the much steeper decline of 15.2% recorded in December.
