FX.co ★ German Trade Surplus Widens in February

Germany's trade surplus rose to EUR 17.7 billion in February 2025, up from a revised EUR 16.2 billion in January, though it fell slightly short of the anticipated EUR 17.8 billion. This growth was driven by exports outpacing imports. Exports increased by 1.8% month-on-month, reaching a ten-month high of EUR 131.6 billion in February after stagnating in the previous month. This surge was buoyed by a 0.5% increase in sales to EU countries, with the Euro area contributing a 0.3% rise and the non-Euro area seeing a 1.0% uplift. Notably, sales to non-EU countries surged by 3.2%, boosted by an 8.5% rise in exports to the US and a 0.6% increase to China, although there were declines in exports to the UK (-3.8%) and Russia (-3.0%). On the import side, there was a 0.7% rise to a 20-month high of EUR 113.8 billion. Imports from the EU rose by 2.3%, supported by growth from the Euro area (2.8%) and non-Euro area countries (1.4%). However, imports from non-EU countries fell by 1.0%, affected by declines in imports from the US (-3.9%), Russia (-4.5%), and the UK (-5.2%), whereas imports from China increased by 7.1%.