FX.co ★ German Trade Surplus Largest in 3 Months

In March 2025, Germany experienced an increase in its trade surplus, reaching EUR 21.1 billion, an improvement from the revised EUR 18.0 billion recorded in February and surpassing the forecast of EUR 19.1 billion. This figure represents the largest trade surplus since December of the previous year. The growth was driven by a rise in exports alongside a decline in imports. Exports increased by 1.1% month-over-month, reaching an eleven-month high of EUR 133.2 billion, exceeding the anticipated 1% growth. The previous month saw a 1.8% rise, fueled by increased sales to EU countries (3.1%), with notable growth in the Euro area (3.8%) and the non-Euro area (1.6%). Sales to non-EU countries also climbed by 3.2%, attributed to stronger sales to the US (2.4%), China (10.2%), and Russia (6.3%). Conversely, imports saw an unexpected decrease of 1.1%, hitting a three-month low of EUR 112.1 billion, contrary to the projected 0.4% increase. Imports from the EU decreased by 3.5%, particularly from the Euro area, which saw a decline of 5.8%. Meanwhile, imports from non-EU countries rose by 0.8%, with increased shipments from the US (7.9%), China (9.6%), and Russia (9.8%).